WEST BUSHWICK 203K HDFC (EIN 202985867) - 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

SCOTT SHORT

Phone

7183663800

Tax Period

2022-07-01 to 2023-06-30

WEST BUSHWICK 203K HDFC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

WEST BUSHWICK 203K HDFC'S MISSION IS TO ACQUIRE, OWN, DEVELOP, CONSTRUCT AND/OR REHABILITATE, LEASE, MANAGE AND OPERATE AFFORDABLE SCATTER-SITE MULTI-FAMILY HOUSING FOR LOW-INCOME FAMILIES.

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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 $706,299

Program Service Revenue $861,288

Investment Income $5,444

Other Revenue $18,041

TOTAL REVENUE $1,591,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,534,281

Other Expenses $1,836,280

TOTAL EXPENSES $1,836,280

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,591,072	$1,731,857	-0.1%
Expenses	$1,836,280	$1,861,830	0.0%
Net Income	$-245,208	$-129,973	+0.9%

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

N/A

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

$939,527

Total Directors

$939,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SHORT	DIRECTOR/PRESIDENT/CEO	1.00	Officer Director	$0	$54,404	$500,372
EMILY KURTZ	DIRECTOR/VP/TREASURER	1.00	Officer Director	$0	$46,484	$260,108
D ALEXANDRA DYER	CFO THRU AUG 2022	1.00	Officer Director	$0	$12,188	$179,047
JENNIFER NHU NGUYEN	CFO AS OF MARCH 2023	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,591,072	$1,836,280	$20,784,368	$-245,208
2022	$1,731,857	$1,861,830	$21,227,067	$-129,973
2021	$1,548,174	$1,920,143	$21,505,862	$-371,969
2020	$1,574,794	$1,638,997	$22,000,033	$-64,203
2019	$1,575,446	$1,811,491	$22,231,146	$-236,045
2018	$1,562,992	$1,688,240	$22,611,214	$-125,248

WEST BUSHWICK 203K HDFC