INTERFAITH COUNCIL FOR ACTION INC

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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

1968

Legal Domicile

Principal Officer

JAMES HERNANDEZ

Phone

9149415252

Tax Period

2024-01-01 to 2024-12-31

INTERFAITH COUNCIL FOR ACTION INC, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024.

Mission

TO FOSTER, PROMOTE, AND SPONSOR BETTER HOUSING, RECREATIONAL, EDUCATIONAL, OR SOCIAL CONDITIONS FOR LOW TO MODERATE INCOME EARNERS.

Program Service Accomplishments

Program 1

Expenses: $1,141,520 Revenue: $1,121,535

IFCA OWNS AND MANAGES 16 MULTI-FAMILY BUILDINGS IN OSSINING AND TARRYTOWN, NY, COMPRISED OF 93 RENTAL APARTMENTS. APPROXIMATELY 220 LOW AND MODERATE INCOME PEOPLE RESIDE IN THESE APARTMENTS. THE...

IFCA OWNS AND MANAGES 16 MULTI-FAMILY BUILDINGS IN OSSINING AND TARRYTOWN, NY, COMPRISED OF 93 RENTAL APARTMENTS. APPROXIMATELY 220 LOW AND MODERATE INCOME PEOPLE RESIDE IN THESE APARTMENTS. THE RENTS ARE SET BELOW MARKET RATES, ENSURING THAT INDIVIDUALS AND FAMILIES HAVE ACCESS TO SAFE, QUALITY, AND AFFORDABLE HOUSING IN THE COMMUNITY WHERE THEY LIVE AND WORK.

Program 2

Expenses: $742,993

SINCE THE 1980'S, IFCA HAS PARTNERED WITH THE WESTCHESTER COUNTY DEPARTMENT OF SOCIAL SERVICES TO PROVIDE SCATTER-SITE EMERGENCY APARTMENTS FOR FAMILIES TRANSITIONING FROM A HOMELESS SHELTER TO...

SINCE THE 1980'S, IFCA HAS PARTNERED WITH THE WESTCHESTER COUNTY DEPARTMENT OF SOCIAL SERVICES TO PROVIDE SCATTER-SITE EMERGENCY APARTMENTS FOR FAMILIES TRANSITIONING FROM A HOMELESS SHELTER TO TEMPORARY HOUSING. OUR ON-STAFF SOCIAL WORKERS PROVIDE CASE MANAGEMENT SERVICES TO ASSIST FAMILIES ON THEIR PATH TO SELF SUFFICIENCY.

Program 3

Expenses: $239,749

THANKS TO FUNDING FROM THE NEW YORK STATE HOME LOCAL PROGRAM, IFCA IS ABLE TO ADMINISTER THE TENANT BASED RENTAL ASSISTANCE ("TBRA") PROGRAM. THE TBRA PROGRAM PROVIDES A MONTHLY RENTAL SUBSIDY AND/OR A SECURITY DEPOSIT ASSISTANCE GRANT TO INDIVIDUALS AND FAMILIES THAT MEET THE ELIGIBILITY REQUIREMENTS. THESE HOME FUNDS ARE INTENDED TO PROVIDE DIRECT ASSISTANCE TO HOUSEHOLDS PAYING MORE THAN 30% OF THEIR MONTHLY INCOME FOR RENT OR SECURITY DEPOSIT ASSISTANCE. TBRA IS A RENTAL SUBSIDY THAT HELPS FILL THE GAP BETWEEN WHAT A RENTER CAN AFFORD AND THE ACTUAL RENT FOR A PLACE TO CALL HOME.

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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 $1,210,885

Program Service Revenue $1,217,207

Investment Income $21,060

Other Revenue $148,121

TOTAL REVENUE $2,597,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $855,729

Fundraising Expenses $25,144

Program Expenses $2,504,768

Other Expenses $1,826,839

TOTAL EXPENSES $2,682,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,597,273	$2,631,063	0.0%
Expenses	$2,682,568	$2,698,093	0.0%
Net Income	$-85,295	$-67,030	+0.3%

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

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

$3,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC TALBOTT	TREASURER	1.00	Officer Director	$0	$0	$0
MADIHA KANWAL	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE CHEATHAM	CHAIR	5.00	Officer Director	$0	$0	$0
MARY ANN ROBERTS	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ALLISTAIR REASON	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY PAOVELLA	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN JONES	DIRECTOR	1.00	Director	$0	$0	$0
SHELTON WALDEN	DIRECTOR	1.00	Director	$0	$0	$0
THOMASINA LAIDLEY-BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAL ARONSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES HERNANDEZ	EXECUTIVE DIRECTOR EFF. 12/5/24	40.00	Officer	$3,823	$0	$3,823
JACKIE SHAW	FORMER EXECUTIVE DIRECTOR	40.00		$117,947	$0	$117,947

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
2024	$2,597,273	$2,682,568	$8,644,846	$-85,295
2023	$2,631,063	$2,698,093	$9,384,749	$-67,030
2022	$2,648,852	$2,464,787	$9,387,919	$184,065
2021	$3,274,030	$2,312,609	$9,277,021	$961,421
2020	$3,761,555	$2,411,010	$8,225,176	$1,350,545
2019	$3,840,408	$2,566,146	$7,163,540	$1,274,262
2018	$2,237,289	$2,443,386	$5,339,337	$-206,097