753 CLASSON AVENUE HOUSING CO

EIN: 146002715

NEW YORK, NY

Total Revenue
$1,945,086
Total Expenses
$2,196,893
Total Assets
$6,397,193
Net Assets
$-1,233,112
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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
NY
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.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
8
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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