409 GRAND AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 201876837) - 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

YVONNE CUMMINGS

Phone

7185222613

Tax Period

2022-07-01 to 2023-06-30

409 GRAND AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2004, is a micro nonprofit that reported $69K in total revenue in fiscal year 2022. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $106K exceeded revenue, resulting in a 55% operating deficit.

Mission

TO ACQUIRE, DEVELOP AND MAINTAIN, ON A NONPROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 $68,630

Investment Income $55

Other Revenue $75

TOTAL REVENUE $68,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,822

Other Expenses $106,285

TOTAL EXPENSES $106,285

Year-over-Year Comparison

	2022	2021	Change
Revenue	$68,760	$44,961	+0.5%
Expenses	$106,285	$73,228	+0.5%
Net Income	$-37,525	$-28,267	+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

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

$188,221

Total Directors

$188,221

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNELL GRIER	SECRETARY	0.50	Officer Director	$0	$7,774	$188,221
HEATHER GERSHEN	PRESIDENT	0.50	Officer Director	$0	$0	$0
IMANI GRISZELL	DIRECTOR	0.50	Director	$0	$0	$0
YVONNE CUMMINGS	TREASURER	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$68,760	$106,285	$540,776	$-37,525
2022	$44,961	$73,228	$587,556	$-28,267

409 GRAND AVENUE HOUSING DEVELOPMENT FUND CORPORATION