HARRY & JEANETTE WEINBERG GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 204981328 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,638,961
Total Expenses
$1,602,105
Total Assets
$17,149,304
Net Assets
$2,242,129
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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
NY
Principal Officer
JEFFREY FARBER MD
Phone
2128705000
Tax Period
2023-01-01 to 2023-12-31

HARRY & JEANETTE WEINBERG GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,511,837 Revenue: $1,538,559

WEINBERG GARDENS IS A HOUSING AND URBAN DEVELOPMENT (HUD) 202 SENIOR APARTMENT RESIDENCE, AND IS THE THIRD SUCH BUILDING CONSTRUCTED BY THE ORGANIZATION THE 72 ONE-BEDROOM APARTMENT BUILDING FEATURES...

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WEINBERG GARDENS IS A HOUSING AND URBAN DEVELOPMENT (HUD) 202 SENIOR APARTMENT RESIDENCE, AND IS THE THIRD SUCH BUILDING CONSTRUCTED BY THE ORGANIZATION THE 72 ONE-BEDROOM APARTMENT BUILDING FEATURES COMMUNITY SPACES, ON-SITE LAUNDRY, A SPACIOUS LANDSCAPED DECK AND 24 HOUR SECURITY ALL APARTMENTS HAVE KITCHENS AND ARE HANDICAPPED ACCESSIBLE THE BUILDING, LOCATED AT 2550 WEBB AVENUE, BRONX, NY, OPENED IN 2010 AND WAS MADE POSSIBLE IN PART BY A GRANT FROM THE HARRY AND JEANETTE WEINBERG FOUNDATION, ONE OF THE LARGEST PRIVATE FOUNDATIONS IN THE UNITED STATES THE WEINBERG FOUNDATION PROVIDES GRANTS TO NOT-FOR-PROFITS THAT PROVIDE DIRECT SERVICES TO LOW-INCOME AND VULNERABLE INDIVIDUALS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,534,763
Investment Income $100,402
Other Revenue $3,796
TOTAL REVENUE $1,638,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,511,837
Other Expenses $1,602,105
TOTAL EXPENSES $1,602,105

Year-over-Year Comparison

2023 2022 Change
Revenue $1,638,961 $1,509,828 +0.1%
Expenses $1,602,105 $1,557,484 +0.0%
Net Income $36,856 $-47,656 -1.8%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
$1,810,340
Total Directors
7
$1,810,340
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN ALTSCHULER TREASURER 0.20
Officer Director
$0 $0 $0
ELIZABETH PAGEL SEREBRANSKY CO-CHAIR 0.20
Officer Director
$0 $0 $0
JEFFREY FARBER MD PRESIDENT AND CEO 0.20
Officer Director
$0 $61,538 $1,212,894
LISA FEINER DIRECTOR 0.20
Director
$0 $0 $0
MARK WEISS CFO 0.20
Officer Director
$0 $22,692 $597,446
PETER HESS DIRECTOR 0.20
Director
$0 $0 $0
TAMI J SCHNEIDER CO-CHAIR 0.20
Officer Director
$0 $0 $0
LYNN OBERLAND SECRETARY 0.20
Officer
$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
2024 No data No data No data No data
2023 $1,638,961 $1,602,105 $17,149,304 $36,856
2022 $1,509,828 $1,557,484 $16,877,104 $-47,656
2021 $1,447,229 $1,403,694 $17,441,632 $43,535
2020 $4,683,216 $1,921,598 $17,114,426 $2,761,618
2019 $969,377 $1,294,381 $12,987,483 $-325,004
2018 $743,947 $1,115,353 $13,298,234 $-371,406
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