NCS HOUSING DEVELOPMENT FUND COMPA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ANN SHALOF

Phone

2125375100

Tax Period

2023-07-01 to 2024-06-30

NCS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $718K in total revenue in fiscal year 2023. Net assets of $2.0M represent 34 months of operating reserves.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSES OF OWNERSHIP, OPERATION, DEVELOPMENT AND DISPOSITION, ON A NON-PROFIT BASIS, OF HOUSING FOR PERSONS OF LOW INCOME WHO ARE OTHERWISE HOMELESS PERSONS.

Program Service Accomplishments

Program 1

Expenses: $789,049 Revenue: $212,827

RESIDENCE PROGRAM: THE ORGANIZATION OPERATES HOUSING FOR SINGLE ADULT HOMELESS AND LOW-INCOME HOUSING NEEDY INDIVIDUALS RESIDING AT THE 65-UNIT NCS RESIDENCE (211 EAST 81ST STREET). RESIDENTS ARE...

RESIDENCE PROGRAM: THE ORGANIZATION OPERATES HOUSING FOR SINGLE ADULT HOMELESS AND LOW-INCOME HOUSING NEEDY INDIVIDUALS RESIDING AT THE 65-UNIT NCS RESIDENCE (211 EAST 81ST STREET). RESIDENTS ARE REFERRED BY THE NEW YORK CITY DEPARTMENT OF HOMELESS SERVICES FROM HOMELESS SHELTERS AND TRANSISTIONAL HOUSNG PROGRAMS THROUGHOUT THE CITY AND FROM NCS' OWN PROGRRAMS FOR HOMELESS PEOPLE. PROGRAM SUPPORTIVE HOUSING SERVICES AT THE RESIDENCE ARE DESIGNED TO PROMOTE STABILITY AND INDEPENDENT LIVING IN THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $505,043

Program Service Revenue $212,827

Investment Income $0

Other Revenue $0

TOTAL REVENUE $717,870

Expense Breakdown

Grants Paid $163,708

Salaries & Benefits $251,920

Fundraising Expenses $0

Program Expenses $789,049

Other Expenses $373,421

TOTAL EXPENSES $789,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,870	$698,163	+0.0%
Expenses	$789,049	$1,320,598	-0.4%
Net Income	$-71,179	$-622,435	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$357,357

Total Directors

$207,627

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN SHALOF	CHIEF EXECUTIVE OFFICER	2.00	Officer Director	$0	$33,347	$207,627
JAN GOLANN	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
STEPHANIE GUEST	PRESIDENT	0.20	Officer Director	$0	$0	$0
PEARL CHIN	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$14,617	$149,730

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$717,870	$789,049	$2,034,464	$-71,179
2023	$698,163	$1,320,598	$2,105,643	$-622,435
2022	$715,220	$992,710	$2,215,632	$-277,490
2021	$745,966	$890,820	$2,339,270	$-144,854
2020	$734,597	$868,980	$2,484,124	$-134,383
2019	$679,621	$815,860	$2,618,507	$-136,239

NCS HOUSING DEVELOPMENT FUND COMPANY INC