NEW YORK HOUSING ASSOCIATION 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

1950

Legal Domicile

Principal Officer

ROBERT J CAPENOS

Phone

5188673242

Tax Period

2023-01-01 to 2023-12-31

NEW YORK HOUSING ASSOCIATION INC, founded in 1950, is a small nonprofit that reported $441K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $930K represent 25 months of operating reserves.

Mission

TO PROMOTE THE GENERAL WELFARE AND INTERESTS OF THE FACTORY-CONSTRUCTED RESIDENTIAL HOUSING INDUSTRY AND THE FACTORY-BUILT HOMEOWNER WITHIN THE STATE OF NEW YORK. THE ASSOCIATION IS COMPRISED OF PROFESSIONALS COMMITTED TO THE QUALITY AND GROWTH OF THE FACTORY-BUILT HOUSING INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $203,734

MEMBER SERVICES-INCLUDES PROVIDING INFORMATION, TECHNICAL ASSISTANCE AND EDUCATION TO THE ASSOCIATION'S MEMBERS, DESIGNED TO IMPROVE THE QUALITY AND GROWTH, AS WELL AS PROMOTING THE HIGHEST STANDARDS OF BUSINESS ETHICS AND PRACTICES OF THE HOUSING INDUSTRY. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL TRAINING SEMINARS, INFORMATIONAL PUBLICATIONS AND AREA MEETINGS WITH MEMBERS.

Program 2

Expenses: $122,209

LEGAL AND LEGISLATIVE EXPENSES-INCLUDES PLANNING AND IMPLEMENTING COMMUNITY AND GOVERNMENTAL BODIES' EDUCATION AND ADVOCACY EFFORTS ON HOUSING COMMUNITY ISSUES, INCLUDING LAWS REGARDING ZONING...

LEGAL AND LEGISLATIVE EXPENSES-INCLUDES PLANNING AND IMPLEMENTING COMMUNITY AND GOVERNMENTAL BODIES' EDUCATION AND ADVOCACY EFFORTS ON HOUSING COMMUNITY ISSUES, INCLUDING LAWS REGARDING ZONING, TRANSPORTATION AND BUILDING CODES OF MANUFACTURED HOMES.

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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 $448,448

Investment Income $-8,220

Other Revenue $981

TOTAL REVENUE $441,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,296

Fundraising Expenses $0

Program Expenses $325,943

Other Expenses $255,855

TOTAL EXPENSES $447,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,209	$565,434	-0.2%
Expenses	$447,151	$422,913	+0.1%
Net Income	$-5,942	$142,521	-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

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

$106,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BUSHEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL BANDEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN PFEIL	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE HOFFMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOEL HARPER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY REIBERT	DIRECTOR	1.00	Director	$0	$0	$0
RICH MEDVETZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COPELETTI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FURLONG	DIRECTOR	1.00	Director	$0	$0	$0
ANITA BRUCKNER	DIRECTOR	1.00	Director	$0	$0	$0
JOE BONO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
JARED HIRT	DIRECTOR	1.00	Director	$0	$0	$0
JP QUINN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF COOK	DIRECTOR	1.00	Director	$0	$0	$0
TIM NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J CAPENOS	EXECUTIVE DIRECTOR	20.00	Officer	$106,346	$0	$106,346

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	No data	No data	No data	No data
2023	$441,209	$447,151	$1,011,078	$-5,942
2022	$565,434	$422,913	$995,865	$142,521
2021	$479,199	$398,825	$939,137	$80,374
2020	$386,506	$369,669	$841,668	$16,837
2019	$466,798	$441,049	$804,608	$25,749
2018	$501,529	$431,522	$752,732	$70,007