JEROME AVE CARE FOR THE HOMELESS HOUSING DEVELOPMENT FUND COMPANY (EIN 201377483) - 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

2003

Legal Domicile

Principal Officer

GEORGE NASHAK

Phone

2123664459

Tax Period

2023-01-01 to 2023-12-31

JEROME AVE CARE FOR THE HOMELESS HOUSING DEVELOPMENT FUND COMPANY, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $8.0M in total revenue in fiscal year 2023.

Mission

TO OPERATE A 200-BED TRANSITIONAL RESIDENCE FOR HOMELESS WOMEN.

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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 $8,028,555

Program Service Revenue $0

Investment Income $0

Other Revenue $2

TOTAL REVENUE $8,028,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,518,874

Fundraising Expenses $0

Program Expenses $7,817,420

Other Expenses $5,298,546

TOTAL EXPENSES $7,817,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,028,557	$7,843,480	+0.0%
Expenses	$7,817,420	$7,520,963	+0.0%
Net Income	$211,137	$322,517	-0.3%

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

$1,233,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD BAILEY MD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PHILIP J MALEBRANCHE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SURJIT CHANA	SECRETARY	1.00	Officer Director	$0	$0	$0
TIMOTHY KARCHER	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE NASHAK	PRESIDENT AND CEO	1.00	Officer	$0	$8,794	$374,047
JOHN CHUE	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,501	$202,276
JONATHAN-RAMOS SANTOS	CHIEF PROGRAM OFFICER	1.00	Officer	$0	$35,745	$148,762
RONALD LAWSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$48,389	$239,056
TAWANA HILL	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$22,973	$269,559

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	$8,028,557	$7,817,420	$9,818,146	$211,137
2022	$7,843,480	$7,520,963	$12,590,480	$322,517
2021	$9,215,112	$8,796,469	$8,771,577	$418,643
2020	$9,194,591	$9,198,477	$9,454,947	$-3,886
2019	$9,289,479	$8,249,604	$7,863,394	$1,039,875
2018	$8,497,145	$8,245,234	$8,660,170	$251,911
2017	$8,176,017	$8,205,184	$9,438,005	$-29,167

JEROME AVE CARE FOR THE HOMELESS HOUSING DEVELOPMENT FUND COMPANY