SUNSET GARDENS HOUSING DEVELOPMENT… - Form 990 Financial Data

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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

VICKI MATCH SUNA

Phone

7186308201

Tax Period

2019-01-01 to 2019-12-31

SUNSET GARDENS HOUSING DEVELOPMENT FUND C/O NYU LANGONE HEALTH SYSTEM, founded in 2003, is a small nonprofit that reported $306K in total revenue in fiscal year 2019. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $993K exceeded revenue, resulting in a 224% operating deficit.

Mission

SUNSET GARDENS OWNED AND OPERATED AN 81 UNIT BUILDING IN BROOKLYN NY THAT PROVIDED AFFORDABLE HOUSING IN THE COMMUNITY. ON DECEMBER 10, 2019, THE PROPERTY WAS SOLD IN A HUD APPROVED SALE IN ORDER TO FACILITATE THE CONTINUED COMMITMENT TO AFFORDABLE HOUSING BY A NEW OWNER.

Program Service Accomplishments

Program 1

Expenses: $796,456 Revenue: $300,753

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,104,720

Investment Income $-798,698

Other Revenue $0

TOTAL REVENUE $306,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $307,812

Fundraising Expenses $0

Program Expenses $796,456

Other Expenses $684,970

TOTAL EXPENSES $992,782

Year-over-Year Comparison

	2019	2018	Change
Revenue	$306,022	$1,082,216	-0.7%
Expenses	$992,782	$1,043,448	0.0%
Net Income	$-686,760	$38,768	-18.7%

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

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

$15,395,356

Total Directors

$17,497,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI MATCH SUNA	PRESIDENT	1.00	Officer Director	$0	$823,648	$4,091,351
JOSEPH LHOTA	VICE PRESIDENT	1.00	Officer Director	$0	$640,434	$3,671,131
DANIEL WIDAWSKY	TREASURER	1.00	Officer Director	$0	$1,324,367	$7,090,190
JEANNE LEE	TRUSTEE	1.00	Director	$0	$30,614	$603,068
BRET RUDY	TRUSTEE	1.00	Director	$0	$115,112	$1,566,885
DEBRA MCCARTHY	TRUSTEE	1.00	Director	$0	$29,720	$474,985
LARRY MCREYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
BEAU EVERETT	SECRETARY	1.00	Officer	$0	$28,224	$542,684

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
2019	$306,022	$992,782	No data	$-686,760
2018	$1,082,216	$1,043,448	$2,209,355	$38,768

SUNSET GARDENS HOUSING DEVELOPMENT FUND C/O NYU LANGONE HEALTH SYSTEM