SHAAREY ZEDEK HOUSING DEVELOPMENT FUND CORPORATION (EIN 161554234) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

STEVEN R JACOBS

Phone

7168343711

Tax Period

2022-07-01 to 2023-06-30

SHAAREY ZEDEK HOUSING DEVELOPMENT FUND CORPORATION, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $515K in total revenue in fiscal year 2022.

Mission

SENIOR HOUSING

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $497,673

Investment Income $7,751

Other Revenue $9,282

TOTAL REVENUE $514,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,374

Fundraising Expenses $0

Program Expenses $431,585

Other Expenses $493,735

TOTAL EXPENSES $556,109

Year-over-Year Comparison

	2022	2021	Change
Revenue	$514,706	$485,084	+0.1%
Expenses	$556,109	$566,061	0.0%
Net Income	$-41,403	$-80,977	-0.5%

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

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
STEVEN R JACOBS	PRESIDENT	0.10	Officer Director	$0	$0	$0
HARVEY KARDAMAN	CHAIRMAN OF THE BOARD	0.10	Officer Director	$0	$0	$0
ALLEN COOPER	SECRETARY	0.10	Officer Director	$0	$0	$0
J HERBERT SHEER	TREASURER	0.10	Officer Director	$0	$0	$0
DAVID WILLIAMS	DIRECTOR	0.10	Director	$0	$0	$0
JAMES KATZ	DIRECTOR	0.10	Director	$0	$0	$0
HARVEY PADOWLSKI	DIRECTOR	0.10	Director	$0	$0	$0
IRWIN WEINSTEIN	DIRECTOR	0.10	Director	$0	$0	$0
RICK ZAKALIK	DIRECTOR	0.10	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$514,706	$556,109	$2,694,812	$-41,403
2022	$485,084	$566,061	$2,730,545	$-80,977
2021	$498,988	$517,500	$2,860,543	$-18,512
2020	$487,218	$509,942	$2,937,206	$-22,724
2019	$477,999	$520,866	$3,024,385	$-42,867
2018	$450,190	$526,539	$3,126,716	$-76,349

SHAAREY ZEDEK HOUSING DEVELOPMENT FUND CORPORATION