753 CLASSON AVENUE HOUSING CO

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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

1995

Legal Domicile

Principal Officer

BERNARD K GRIER

Phone

2126746123

Tax Period

2023-04-01 to 2024-03-31

753 CLASSON AVENUE HOUSING CO, founded in 1995, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

753 CLASSON AVENUE HOUSING COMPANY WAS CREATED TO PROVIDE HOUSING FOR INTERFAITH HOUSING EMPLOYYES AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

753 CLASSON AVENUE COMPANY WAS CREATED TO PROVIDE HOUSING FOR INTERFAITH HOUSING EMPLOYEES AND THEIR FAMILIES.

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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 $0

Program Service Revenue $0

Investment Income $3,144

Other Revenue $1,941,942

TOTAL REVENUE $1,945,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,916

Fundraising Expenses $0

Other Expenses $1,663,977

TOTAL EXPENSES $2,196,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,945,086	$1,745,746	+0.1%
Expenses	$2,196,893	$2,037,252	+0.1%
Net Income	$-251,807	$-291,506	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNELL K GRIER	753 CLASSON AVE, BKLYN	100.00	Officer	$0	$0	$0
LARAY BROWN	753 CLASSON AVE, BKLYN, NY	100.00	Officer	$0	$0	$0

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	$1,945,086	$2,196,893	$6,397,193	$-251,807
2023	$1,745,746	$2,037,252	$1,352,328	$-291,506
2021	$1,670,924	$1,818,510	$1,684,186	$-147,586
2020	$1,652,409	$1,711,511	$1,631,854	$-59,102
2019	$1,749,777	$1,655,249	$1,522,907	$94,528