KENNEDY TOWERS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 223894037) - 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

2003

Legal Domicile

Principal Officer

DEBORAH WITKOWSKI

Phone

5182745571

Tax Period

2022-01-01 to 2022-12-31

KENNEDY TOWERS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2003, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE HOUSING AND SERVICES TO QUALIFIED INDIVIDUALS.

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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 $1,802,189

Investment Income $1,701

Other Revenue $19,867

TOTAL REVENUE $1,823,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,388

Fundraising Expenses $0

Program Expenses $2,085,761

Other Expenses $1,867,908

TOTAL EXPENSES $2,319,296

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,823,757	$1,681,037	+0.1%
Expenses	$2,319,296	$2,186,447	+0.1%
Net Income	$-495,539	$-505,410	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN STEELE	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN SANDERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN T RELF	COMMISSIONER	1.00	Officer Director	$0	$0	$0
DEBORA JACKSON	COMMISSIONER	1.00	Officer Director	$0	$0	$0
ELIZABETH RODRIGUEZ	COMMISSIONER	1.00	Officer Director	$0	$0	$0
WALTER HOWARD	COMMISSIONER	1.00	Officer Director	$0	$0	$0
WILDELIA NANCY ROMAN	COMMISSIONER	1.00	Officer Director	$0	$0	$0
DEBORAH WITKOWSKI	EXECUTIVE DI	40.00	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
2022	$1,823,757	$2,319,296	$12,824,623	$-495,539
2021	$1,681,037	$2,186,447	$13,015,115	$-505,410

KENNEDY TOWERS HOUSING DEVELOPMENT FUND COMPANY INC