NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RIDGEWOOD BUSHWICK HOMESTEADING ASSISTANCE HDFC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $693K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 60% operating deficit.
THE ORGANIZATION'S PURPOSE IS TO TAKE TITLE AND SERVE AS INTERIM OWNER AND MANAGER OF LOW-INCOME HOUSING PROJECTS PRIOR TO CONVERSION TO CO-OP GROUPS.
RIDGEWOOD BUSHWICK HDFC IS A JOINT VENTURE BETWEEN UHAB AND RISEBORO COMMUNITY PARTNERSHIP. IT SERVES AS INTERIM OWNER OF 17 FOUR- TO SIX-UNIT BUILDINGS, COMPRISED OF 89 UNITS OF LOW-INCOME HOUSING...
RIDGEWOOD BUSHWICK HDFC IS A JOINT VENTURE BETWEEN UHAB AND RISEBORO COMMUNITY PARTNERSHIP. IT SERVES AS INTERIM OWNER OF 17 FOUR- TO SIX-UNIT BUILDINGS, COMPRISED OF 89 UNITS OF LOW-INCOME HOUSING, IN THE BUSHWICK SECTION OF BROOKLYN. ON BEHALF OF THE HDFC, UHAB FACILITATES FINANCING AND PROVIDES RENOVATION MANAGEMENT AND OVERSIGHT, AS WELL AS RESIDENT TRAINING AND TECHNICAL ASSISTANCE. UHAB WILL ALSO UNDERTAKE THE CREATION OF A COMMUNITY LAND TRUST AND THE COOPERATIVE CONVERSION LEGAL WORK FOR THIS SCATTER-SITE AFFORDABLE HOUSING DEVELOPMENT, WHICH IS BECOMING A COMMUNITY COOPERATIVE ON A LAND TRUST. RISEBORO COMMUNITY PARTNERSHIP HAS BEEN RESPONSIBLE FOR THE MANAGEMENT OF THE BUILDINGS AND RESIDENT RELOCATION DURING CONSTRUCTION, WHICH IS COMPLETED ON ALL BUILDINGS. WE ARE AWAITING APPROVAL OF THE COMMUNITY LAND TRUST/COOPERATIVE OFFERING FROM THE NEW YORK STATE ATTORNEY GENERAL
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $693,357 | $677,067 | +0.0% |
| Expenses | $1,108,240 | $817,119 | +0.4% |
| Net Income | $-414,883 | $-140,052 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARGY BROWN | CO-CHAIR | 1.00 |
Officer
Director
|
$0 | $48,055 | $247,816 |
| SCOTT SHORT | CO-CHAIR THRU 08/08/24 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD HEITLER | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARINA METALIOS | DIRECTOR | 1.00 |
Director
|
$0 | $275 | $94,838 |
| KIERAN HARRINGTON | CO-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $693,357 | $1,108,240 | $18,056,154 | $-414,883 |
| 2024 | No data | No data | No data | No data |
| 2023 | $683,250 | $635,140 | $17,228,612 | $48,110 |
| 2022 | $655,373 | $768,427 | $21,927,959 | $-113,054 |
| 2021 | $640,875 | $573,319 | $18,999,517 | $67,556 |
| 2020 | $626,130 | $645,141 | $20,512,088 | $-19,011 |
| 2019 | $899,885 | $981,051 | $20,104,075 | $-81,166 |
| 2018 | $919,720 | $1,128,709 | $20,121,338 | $-208,989 |
Compare RIDGEWOOD BUSHWICK HOMESTEADING ASSISTANCE HDFC with other nonprofits in New York and across the country.