130 29th STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 204732803) - 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

2006

Legal Domicile

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.

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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 (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

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

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

$412,834

Total Directors

$412,834

Key Employees

Highest Compensated

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

130 29th STREET HOUSING DEVELOPMENT FUND CORPORATION