FAC RESTORE HOUSING DEVELOPMENT FUND CORPORATION (EIN 202896988) - 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

2005

Legal Domicile

Principal Officer

MICHELLE DE LA UZ

Phone

7182372017

Tax Period

2023-07-01 to 2024-06-30

FAC RESTORE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $466K in total revenue in fiscal year 2023. Expenses of $607K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE 5 APARTMENT BUILDINGS HOUSING QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

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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 $0

Program Service Revenue $459,566

Investment Income $282

Other Revenue $6,161

TOTAL REVENUE $466,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $473,979

Other Expenses $607,059

TOTAL EXPENSES $607,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,009	$482,782	0.0%
Expenses	$607,059	$606,951	+0.0%
Net Income	$-141,050	$-124,169	+0.1%

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

N/A

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

$655,889

Total Directors

$655,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DE LA UZ	SECRETARY	0.50	Officer Director	$0	$10,646	$255,466
WILLIAM YATES	TREASURER	0.50	Officer Director	$0	$39,855	$200,915
JAY A MARCUS	TREASURER	0.50	Officer Director	$0	$70,758	$199,508
DANY CUNNINGHAM	PRESIDENT	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	$466,009	$607,059	$3,563,741	$-141,050
2023	$482,782	$606,951	$3,553,659	$-124,169
2022	$449,140	$560,467	$3,614,864	$-111,327
2021	$425,757	$612,263	$3,776,043	$-186,506
2020	$443,308	$551,732	$4,015,566	$-108,424

FAC RESTORE HOUSING DEVELOPMENT FUND CORPORATION