HOUSING WORKS 454 LEXINGTON AVENUE

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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

2002

Legal Domicile

Principal Officer

CHARLES KING

Phone

3474737400

Tax Period

2024-07-01 to 2025-06-30

Mission

HOUSING WORKS' HOUSING PROGRAMS DO MORE THAN PUT ROOFS OVER OUR CLIENTS' HEADS; THEY ARE AN ESSENTIAL FOUNDATION FOR OUR CLIENTS TO ACHIEVE MENTAL HEALTH, PHYSICAL HEALTH, AND POLITICAL EMPOWERMENT AS PEOPLE LIVING WITH HIV/AIDS. ALL HOUSING WORKS CLIENTS WHO LIVE IN OUR HOUSING ARE LINKED TO OUR COMPREHENSIVE SERVICES, WHICH INCLUDE PRIMARY CARE, JOB TRAINING, NUTRITIONAL COUNSELING AND MEALS, DRUG TREATMENT, AND HIV PREVENTION EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $129,575

HOUSING WORKS LEXINGTON OPERATES THE WOMEN'S TRANSITIONAL HOUSING PROGRAM (WTHP) WHICH PROVIDES 20 UNITS OF CONGREGATE TRANSITIONAL HOUSING IN BEDFORD-STUYVESANT, BROOKLYN, FOR SINGLE WOMEN LIVING...

HOUSING WORKS LEXINGTON OPERATES THE WOMEN'S TRANSITIONAL HOUSING PROGRAM (WTHP) WHICH PROVIDES 20 UNITS OF CONGREGATE TRANSITIONAL HOUSING IN BEDFORD-STUYVESANT, BROOKLYN, FOR SINGLE WOMEN LIVING WITH HIV/AIDS WHO ARE RELEASED FROM THE CORRECTIONAL SYSTEM. THEWTHP WORKS WITH CORRECTIONAL FACILITIES TO PLACE WOMEN IN THE LEXINGTON APARTMENTS WITHIN 24 HOURS OF RELEASE. IN ADDITION TO HOUSING, THE WOMEN RECEIVE MEALS, COUNSELING, AND OTHER CRITICAL SERVICES THROUGH HOUSING WORKS' NEARBY ADULT DAY HEALTH CARE CENTERS IN DOWNTOWN BROOKLYN, EAST NEW YORK, THE EAST VILLAGE, AND THE WEST VILLAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,575

Other Expenses $165,596

TOTAL EXPENSES $165,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$165,596	$126,337	+0.3%
Net Income	N/A	$-126,337	N/A

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

$1,389,643

Total Directors

$864,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$41,218	$297,717
CHARLES KING	CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$29,412	$566,893
EARL WARD ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
IAN HANLEY	CHIEF FINANCIAL OFFICER (FROM 1/25)	1.00	Officer	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER (THRU 7/24)	1.00	Officer	$0	$5,306	$274,536
MARIUSZ GOLIANEK	INTERRIM CFO (FROM 8/24-THRU 12/24)	1.00	Officer	$0	$24,410	$250,497

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	$165,596	$1,359,002	No data
2024	No data	$126,337	$1,836,841	No data
2023	No data	$109,408	$1,521,350	No data
2022	No data	$141,016	$1,629,340	No data
2021	$4,569	$152,735	$1,738,168	$-148,166
2020	$2,674	$147,528	$1,844,434	$-144,854
2019	$1,753	$172,165	$2,075,899	$-170,412
2018	$3,708	$135,862	$2,061,562	$-132,154