RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION

EIN: 203853610 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,297,050
Total Expenses
$4,339,553
Total Assets
$16,158,584
Net Assets
$-5,078,907
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
MR SALVATORE D'AVOLA
Phone
2125848981
Tax Period
2024-01-01 to 2024-12-31

RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $4.3M exceeded revenue, resulting in a 235% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES,IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,000
Program Service Revenue $679,275
Investment Income $407,775
Other Revenue $0
TOTAL REVENUE $1,297,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,794,975
Other Expenses $4,339,553
TOTAL EXPENSES $4,339,553

Year-over-Year Comparison

2024 2023 Change
Revenue $1,297,050 $1,391,758 -0.1%
Expenses $4,339,553 $1,051,508 +3.1%
Net Income $-3,042,503 $340,250 -9.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
6
$301,125
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNETTA SEECHARRAN DIRECTOR 1.00
Director
$0 $0 $0
ARTURO SUAREZ TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN SEGEL PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTIE PEALE DIRECTOR 1.00
Director
$0 $0 $0
JANE SILVERMAN DIRECTOR 1.00
Director
$0 $0 $0
NICOLAS LEMBO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TONYA ORES DIRECTOR 1.00
Director
$0 $0 $0
VICTORIA ROWE BARRECA SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD PINNER ASSISTANT SECRETARY 1.00
Officer
$0 $0 $0
SALVATORE D'AVOLA ASSISTANT SECRETARY 2.00
Officer
$0 $26,421 $301,125
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 $1,297,050 $4,339,553 $16,158,584 $-3,042,503
2023 $1,391,758 $1,051,508 $19,083,678 $340,250
2022 $1,221,445 $1,334,533 $18,974,158 $-113,088
2021 $472,260 $594,571 $19,539,526 $-122,311
2021 $472,260 $594,571 $19,539,526 $-122,311
2020 $839,041 $1,619,497 $19,654,734 $-780,456
2019 $1,366,196 $3,135,047 $20,544,476 $-1,768,851
2018 $6,565,343 $568,497 $21,672,198 $5,996,846
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RESTORED HOMES HOUSING DEVELOPMENT FUND CORPORATION with other nonprofits in New York and across the country.