ESTHER GITLOW TOWERS II HOUSING DEVELOPMENT FUND CORP (EIN 203265317) - 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

IRA PERLSTEIN

Phone

8453579507

Tax Period

2024-07-01 to 2025-06-30

ESTHER GITLOW TOWERS II HOUSING DEVELOPMENT FUND CORP, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $901K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO OFFER LOW-INCOME SENIOR CITIZENS WITH SAFE AND AFFORDABLE HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $663,449

Program Service Revenue $237,639

Investment Income $347

Other Revenue $0

TOTAL REVENUE $901,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,209

Fundraising Expenses $0

Program Expenses $967,062

Other Expenses $878,881

TOTAL EXPENSES $1,249,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$901,435	$768,974	+0.2%
Expenses	$1,249,090	$1,165,233	+0.1%
Net Income	$-347,655	$-396,259	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE FEFFERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANNA GITLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVRA KANTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE MOSKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLAN GITLOW	VP FUNDRAISING	1.00	Officer	$0	$0	$0
STEPHEN KEPNISS	TREASURER/INVESTMENT	1.00	Officer	$0	$0	$0
SUSAN MOSKOWITZ	VP MEMBERSHIP	1.00	Officer	$0	$0	$0
IRA PERLSTEIN	PRESIDENT	1.00	Officer	$0	$0	$0
SHARON SEIDEN	SECRETARY	1.00	Officer	$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	$901,435	$1,249,090	$9,370,241	$-347,655
2024	$768,974	$1,165,233	$9,717,096	$-396,259
2023	$765,163	$1,122,130	$10,104,938	$-356,967
2022	$751,350	$1,033,561	$10,458,277	$-282,211
2021	$740,450	$1,028,505	$10,733,240	$-288,055
2020	$746,690	$961,477	$11,011,290	$-214,787
2019	$748,263	$954,482	$11,211,770	$-206,219

ESTHER GITLOW TOWERS II HOUSING DEVELOPMENT FUND CORP