130 29th STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 204732803 Housing & Shelter

BROOKLYN, NY

Total Revenue
$109,016
Total Expenses
$152,089
Total Assets
$895,223
Net Assets
$-494,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Phone
7182372017
Tax Period
2022-07-01 to 2023-06-30

130 29th STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2022. Expenses of $152K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE AN APARTMENT BUILDING TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

Program Service Accomplishments

Program 1
Expenses: $127,619

THE ORGANIZATION'S APARTMENT BUILDING HAS A CAPACITY OF 8 APARTMENTS WHICH WERE 100% OCCUPPIED DURING THE YEAR.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $109,001
Investment Income $15
Other Revenue $0
TOTAL REVENUE $109,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,619
Other Expenses $152,089
TOTAL EXPENSES $152,089

Year-over-Year Comparison

2022 2021 Change
Revenue $109,016 $101,459 +0.1%
Expenses $152,089 $153,450 0.0%
Net Income $-43,073 $-51,991 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
3
$412,834
Total Directors
3
$412,834
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE DE LA UZ Secretary 0.50
Officer Director
$0 $10,691 $243,845
JAY MARCUS Treasurer 0.50
Officer Director
$0 $35,101 $168,989
DANY CUNINGHAM President 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
2023 $109,016 $152,089 $895,223 $-43,073
2022 $101,459 $153,450 $918,974 $-51,991
2021 $99,475 $163,352 $966,374 $-63,877
2020 $96,764 $139,157 $1,030,445 $-42,393
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