16 DUTCH HOUSING DEVELOPMENT FUND CORPORATION

EIN: 208424822 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$583,088
Total Expenses
$83,984
Total Assets
N/A
Net Assets
N/A
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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
2007
Legal Domicile
NY
Principal Officer
WAYNE HO
Phone
2129410920
Tax Period
2023-01-01 to 2023-12-31

16 DUTCH HOUSING DEVELOPMENT FUND CORPORATION, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $583K in total revenue in fiscal year 2023. Revenue surged 1044% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 86% operating margin.

Mission

THE ORGANIZATION OPERATES AND NOMINALLY OWNS A CONDOMINIUM UNIT CONSISTING OF RESIDENTIAL APARTMENTS DEDICATED EXCLUSIVELY TO LOW INCOME INDIVIDUALS OR FAMILIES WHO QUALIFY UNDER THE APPLICABLE LOW INCOME HOUSING PLAN REGULATORY AGREEMENT WITH NYC HOUSING, PRESERVATION AND DEVELOPMENT (HPD).

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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 $61,767
Program Service Revenue $0
Investment Income $196,321
Other Revenue $325,000
TOTAL REVENUE $583,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $83,984
TOTAL EXPENSES $83,984

Year-over-Year Comparison

2023 2022 Change
Revenue $583,088 $50,981 +10.4%
Expenses $83,984 $132,851 -0.4%
Net Income $499,104 $-81,870 -7.1%
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
5
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
5
$624,175
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDDIE MO DIRECTOR 1.00
Director
$0 $0 $0
FLORA SI DIRECTOR 1.00
Director
$0 $0 $0
HOWARD CHIN CO-CHAIR 1.00
Officer Director
$0 $0 $0
JAY LAU DIRECTOR 1.00
Director
$0 $0 $0
CALVIN CHIN DIRECTOR 1.00
Director
$0 $0 $0
CHESTER LEE DIRECTOR 1.00
Director
$0 $0 $0
VERONICA TSANG DIRECTOR 1.00
Director
$0 $0 $0
ALAN J GERSON GENERAL COUNSEL 5.00
Officer
$0 $7,639 $123,856
JONATHAN BRAKE CFO 5.00
Officer
$0 $0 $0
WAYNE HO PRESIDENT & CEO 5.00
Officer
$0 $20,203 $286,677
ANTHONY FULLINGTON CFO 5.00
Officer
$0 $7,639 $213,642
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 $583,088 $83,984 No data $499,104
2022 $50,981 $132,851 $478,710 $-81,870
2022 $50,981 $132,851 $1,150,138 $-81,870
2021 $38,854 $296,337 $478,735 $-257,483
2020 $266,862 $256,772 $23,877,870 $10,090
2019 $262,461 $250,256 $23,961,556 $12,205
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