FEDERATION OF ORGANIZATIONS HOUSING DEVELOPMENT PROGRAM I INC (EIN 201020412) - 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

2004

Legal Domicile

Principal Officer

PHILIP MATCOVSKY

Phone

6316695355

Tax Period

2023-01-01 to 2023-12-31

FEDERATION OF ORGANIZATIONS HOUSING DEVELOPMENT PROGRAM I INC, founded in 2004, is a micro nonprofit in the Human Services sector that reported $75K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $126K exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDING HOUSING TO PERSONS WITH MENTAL ILLNESS.

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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 $56,253

Program Service Revenue $18,488

Investment Income $414

Other Revenue $0

TOTAL REVENUE $75,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,447

Fundraising Expenses $0

Program Expenses $79,823

Other Expenses $122,450

TOTAL EXPENSES $125,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,155	$93,247	-0.2%
Expenses	$125,897	$104,737	+0.2%
Net Income	$-50,742	$-11,490	+3.4%

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

$1,165,339

Total Directors

$809,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA FARON	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$49,481	$431,299
PHILIP MATCOVSKY	SECRETARY	1.00	Officer Director	$0	$28,276	$377,962
NANCY SCHONBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD VARON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG DURSO	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN MCCARTHY	CFO	1.00	Officer	$0	$49,604	$356,078

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	$75,155	$125,897	$629,852	$-50,742
2022	$93,247	$104,737	$602,590	$-11,490
2021	$93,208	$82,804	$597,910	$10,404
2020	$90,186	$95,161	$611,131	$-4,975
2019	$89,795	$96,896	$599,726	$-7,101
2018	$162,990	$121,202	$601,414	$41,788

FEDERATION OF ORGANIZATIONS HOUSING DEVELOPMENT PROGRAM I INC