FEDERATION HOUSING INC (EIN 232122054) - 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

1978

Legal Domicile

Principal Officer

AVA GOLDMAN

Phone

2156736446

Tax Period

2023-09-01 to 2024-08-31

FEDERATION HOUSING INC, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 30% operating margin.

Mission

MANAGEMENT AND DEVELOPMENT OF FEDERALLY SUBSIDIZED HOUSING PROJECTS FOR THE ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,763,192

Program Service Revenue $1,797,311

Investment Income $526,786

Other Revenue $0

TOTAL REVENUE $4,087,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,373,804

Fundraising Expenses $44,055

Program Expenses $2,458,825

Other Expenses $1,482,297

TOTAL EXPENSES $2,856,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,087,289	$5,789,633	-0.3%
Expenses	$2,856,101	$2,647,997	+0.1%
Net Income	$1,231,188	$3,141,636	-0.6%

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

Volunteers

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

$290,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DAVIDSON ESQ	TREASURER	5.00	Officer Director	$0	$0	$0
JAY WEINSTEIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
MITCHELL GOLDENBERG	VICE PRESIDENT	5.00	Director	$0	$0	$0
KAREN COHEN	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY RUBIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSLYN POLLACK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GREEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FREEDMAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEROME HELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH ROSENBLOOM	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SOKOLOW	DIRECTOR	1.00	Director	$0	$0	$0
JASON MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PODIETZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANCINE TABAS	DIRECTOR	1.00	Director	$0	$0	$0
FLORRIE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LANDSBURG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WEISS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH GERSHEN GENNELLO	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN SALIGMAN	DIRECTOR	1.00	Director	$0	$0	$0
AVA GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALAN LINDY	DIRECTOR	1.00	Director	$0	$0	$0
JEROME GLICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
AVALIE SAPERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JB REIBSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CASSWAY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
SAUL REIBSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK LEVINSON	DIRECTOR	1.00	Director	$0	$0	$0
RADA LASITSA	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SPAK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER TINTENFASS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC NAFTULIN	EXECUTIVE DIRECTOR	40.00	Officer	$267,037	$23,138	$290,175

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	$4,087,289	$2,856,101	$41,346,702	$1,231,188
2023	$5,789,633	$2,647,997	$32,064,138	$3,141,636
2022	$2,883,569	$2,517,237	$27,482,518	$366,332
2021	$5,543,925	$2,009,718	$27,377,110	$3,534,207
2020	$1,992,676	$2,165,754	$21,756,223	$-173,078
2019	$2,908,479	$2,131,899	$52,896,306	$776,580
2018	$4,669,273	$2,139,772	$50,754,800	$2,529,501

FEDERATION HOUSING INC