PORTER AVENUE HOUSING DEVELOPMENT … - 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

2001

Legal Domicile

Principal Officer

JENNIFER MITCHELL

Phone

2126285207

Tax Period

2024-07-01 to 2025-06-30

PORTER AVENUE HOUSING DEVELOPMENT C/O THE DOE FUND INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

TO ACQUIRE, REHABILITATE AND OPERATE AN ABANDONED BUILDING LOCATED AT 89-111 PORTER AVENUE IN BROOKLYN, NEW YORK FOR USE AS A TRANSITIONAL RESIDENCE FOR FORMERLY HOMELESS MEN OF LOW INCOME. THE RESIDENCE INCLUDES A VARIATION OF THE DOE FUND'S READY, WILLING AND ABLE PROGRAM MODEL. THIS INCLUDES PAID WORK AND TRAINING, SUBSTANCE ABUSE AND RELAPSE PREVENTION, CASE MANAGEMENT, LIFE SKILLS, LITERACY, GED CLASSES AND EMPLOYMENT PLACEMENT ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $1,474,444

THE PETER JAY SHARP CENTER FOR OPPORTUNITY IS A STATE-OF-THE-ART, 400-BED TRANSITIONAL RESIDENCE AT 89 PORTER AVENUE IN BUSHWICK, BROOKLYN. DEVELOPED AND OVERSEEN BY THE NONPROFIT THE DOE FUND, IT IS A WORKING COMMUNITY OPERATED BY AND FOR PEOPLE WHO HAVE EXPERIENCED HOMELESSNESS OR WHO HAVE RETURNED FROM INCARCERATION. AS A HOME OF THE DOE FUND'S READY, WILLING & ABLE PROGRAM, THE CENTER PROVIDES PAID WORK, HOUSING, AND SUPPORT SERVICES TO ITS RESIDENTS. THIS "THREE-LEGGED STOOL" MODEL HAS HELPED THOUSANDS OF PEOPLE SUCCESSFULLY TRANSITION OUT OF HOMELESSNESS, AND MULTIPLE STUDIES HAVE SHOWN IT REDUCES THE CHANCE OF RECIDIVATING BY 62%. THE CENTER BOTH BUILDS COMMUNITY FOR INDIVIDUALS EXPERIENCING HOMELESSNESS AND PROVIDES CRUCIAL RESOURCES UNIQUE TO THEIR DIVERSE NEEDS, FROM CASE MANAGEMENT TO CAREER TRAINING, ADDICTION RECOVERY, AND ADULT BASIC EDUCATION.IN ADDITION, THE CENTER IS ONE OF THREE ASSESSMENT AND REFERRAL LOCATIONS FOR THE DEPARTMENT OF HOMELESS SERVICES. IN THIS CAPACITY, IT PROVIDES SHORT-TERM HOUSING FOR INDIVIDUALS UNTIL THEY ARE ASSIGNED TO A FACILITY AND/OR PROGRAM BY DHS. THE CENTER ALSO OFFERS BEDS TO INDIVIDUALS OUTSIDE OF READY, WILLING & ABLE WHO ARE WORKING OR LOOKING FOR WORK, BUT DO NOT HAVE A PLACE TO LIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,488,234

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,488,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,474,444

Other Expenses $1,474,444

TOTAL EXPENSES $1,474,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,488,234	$1,471,269	+0.0%
Expenses	$1,474,444	$1,999,542	-0.3%
Net Income	$13,790	$-528,273	-1.0%

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

$1,162,838

Total Directors

$784,795

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MITCHELL	PRESIDENT/CEO, BOARD DIRECTOR	3.00	Officer Director	$0	$17,176	$402,176
NICOLE SELIGMAN	CHAIR	0.25	Officer Director	$0	$0	$0
COSMO SAGINARIO	TREASURER/BOARD DIRECTOR	0.25	Officer Director	$0	$0	$0
MATT AZZNARA	BOARD DIRECTOR	0.25	Director	$0	$0	$0
JOSH WEISENBECK	BOARD DIRECTOR	0.25	Director	$0	$0	$0
JOEL TRACTENBERG	BOARD DIRECTOR	0.25	Director	$0	$0	$0
JESSE WILKINS	BOARD DIRECTOR	0.25	Director	$0	$0	$0
DAVID SHAPIRO	BOARD DIRECTOR	0.25	Director	$0	$0	$0
NADIA BLOCK	BOARD DIRECTOR	0.25	Director	$0	$0	$0
FRANK GRIBBON	BOARD DIRECTOR	0.25	Director	$0	$0	$0
JOHN P MCDONALD	BOARD DIRECTOR	0.25	Officer Director	$0	$42,974	$382,619
OWEN THOMAS	BOARD DIRECTOR	0.25	Director	$0	$0	$0
ANTHONY J MANGIONE	CFAO	1.00	Officer	$0	$56,299	$378,043
HARRIET MCDONALD	DIR. TO 10/24,FMR PRES/CEO TO 10/22	0.00		$0	$21,700	$1,021,700

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	$1,488,234	$1,474,444	$8,592,309	$13,790
2024	$1,471,269	$1,999,542	$9,333,223	$-528,273
2023	$1,488,234	$1,912,045	$10,035,076	$-423,811
2022	$1,488,234	$1,871,198	$10,780,582	$-382,964
2021	$1,488,234	$2,020,780	$11,526,466	$-532,546
2020	$1,488,234	$2,083,866	$12,281,923	$-595,632
2019	$1,488,234	$2,222,470	$13,037,380	$-734,236
2018	$1,488,234	$2,181,427	$13,791,742	$-693,193

PORTER AVENUE HOUSING DEVELOPMENT C/O THE DOE FUND INC