FOUNDATION FOR URBAN HEALTH WELL B… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

PALOMA HERNANDEZ

Phone

7185891687

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR URBAN HEALTH WELL BEING INC, founded in 2003, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 441% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 73% operating margin.

Mission

TO PROMOTE THE HEALTHY WELL-BEING OF THE RESIDENTS OF THE CITY OF NEW YORK, SUPPORT ACCESS TO PROGRAMS ADDRESSING THE NEEDS OF MEDICALLY INDIGENT RESIDENTS, AND CONDUCT LAWFUL ACTIVITIES FOR CHARITABLE PURPOSES, IN ALIGNMENT WITH THE GOALS OF URBAN HEALTH PLAN, INC.

Program Service Accomplishments

Program 1

Expenses: $21,000

ASSISTED WITH THE FINANCING STRUCTURE OF THE NEW MARKET TAX CREDIT DEAL AND THE CONSTRUCTION OF A NEW MEDICAL FACILITY WITH ITS PARENT COMPANY, URBAN HEALTH PLAN, INC.

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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 $301,414

Program Service Revenue $0

Investment Income $1,317,470

Other Revenue $-35,332

TOTAL REVENUE $1,583,552

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $36,569

Program Expenses $21,000

Other Expenses $406,204

TOTAL EXPENSES $427,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,583,552	$292,573	+4.4%
Expenses	$427,204	$6,057,890	-0.9%
Net Income	$1,156,348	$-5,765,317	-1.2%

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

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

$1,321,479

Total Directors

$879,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIFFORD CHARLES	TREASURER	1.00	Officer Director	$0	$0	$0
FRANCIA CASTRO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PALOMA HERNANDEZ	PRESIDENT	5.00	Officer Director	$0	$52,114	$879,680
ROSEMARIE LONGO	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL ACINAPURA	BOARD MEMBER	1.00	Director	$0	$0	$0
BERENICE DIAZ	VP OF FINANCE & CFO	5.00	Officer	$0	$72,804	$441,799

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	No data	No data	No data	No data
2023	$1,583,552	$427,204	$48,485,365	$1,156,348
2022	$292,573	$6,057,890	$35,061,983	$-5,765,317
2021	$40,321,454	$26,496	$41,169,778	$40,294,958
2020	$212,663	$21,720	$874,493	$190,943
2019	$221,634	$29,147	$682,830	$192,487
2018	$865,046	$17,546,772	$490,343	$-16,681,726

FOUNDATION FOR URBAN HEALTH WELL BEING INC