SETTLEMENT HOUSING FUND INC (EIN 237078882) - 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

1969

Legal Domicile

Principal Officer

CHARLES WARREN

Phone

2122656530

Tax Period

2024-01-01 to 2024-12-31

SETTLEMENT HOUSING FUND INC, founded in 1969, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $13.8M left a modest 9% surplus.

Mission

SETTLEMENT HOUSING FUND CREATED AND SUSTAINS HIGH QUALITY AFFORDABLE HOUSING AND PROGRAMS, BUILDING STRONG AND ECONOMICALLY DIVERSE NEIGHBORHOODS THROUGHOUT NEW YORK CITY. SETTLEMENT HOUSING FUND WORKS CLOSELY WITH COMMUNITY PARTNERS TO PROVIDE LOW-AND MODERATE-INCOME NEW YORKERS WITH PATHWAYS TO LONG-TERM AFFORDABLE HOUSING, EDUCATION, EMPLOYMENT AND WELLNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,220,747

Program Service Revenue $9,238,518

Investment Income $1,214,817

Other Revenue $499,010

TOTAL REVENUE $15,173,092

Expense Breakdown

Grants Paid $159,660

Salaries & Benefits $8,081,716

Fundraising Expenses $310,781

Program Expenses $11,138,120

Other Expenses $5,509,183

TOTAL EXPENSES $13,750,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,173,092	$17,891,917	-0.2%
Expenses	$13,750,559	$13,912,236	0.0%
Net Income	$1,422,533	$3,979,681	-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

$1,027,294

Total Directors

Key Employees

$217,120

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BRASS	SECRETARY	0.25	Officer Director	$0	$0	$0
CHARLES WARREN	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
DAVID RICHARDSON ESQ	VICE CHAIR	0.25	Officer Director	$0	$0	$0
GARRAUD ETIENNE	DIRECTOR	0.25	Director	$0	$0	$0
GARY JACOB	VICE CHAIR	0.25	Officer Director	$0	$0	$0
JEFFERY GURAL	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER CARUCCI-WATERS	DIRECTOR	0.25	Director	$0	$0	$0
JOAN TALLY	DIRECTOR	0.25	Director	$0	$0	$0
JOHN VALLADARES	DIRECTOR	0.25	Director	$0	$0	$0
JUAN BARAHONA	DIRECTOR	0.25	Director	$0	$0	$0
JUDY KESSLER	DIRECTOR	0.25	Director	$0	$0	$0
MARVIN MARKUS	TREASURER	0.25	Officer Director	$0	$0	$0
MATTHEW WAMBUA	OUTGOING DIRECTOR	0.25	Director	$0	$0	$0
RACHEL GROSSMAN	DIRECTOR	0.25	Director	$0	$0	$0
SARAH WARD	DIRECTOR	0.25	Director	$0	$0	$0
SHERYL SIMON	DIRECTOR	0.25	Director	$0	$0	$0
SUE HELLER	DIRECTOR	0.25	Director	$0	$0	$0
ALEXA SEWELL	OUTGOING PRESIDENT	35.00	Officer	$67,225	$16,551	$83,776
JACQUELINE TOM	GENERAL COUNSEL	35.00	Officer	$202,209	$16,524	$218,733
JUDITH HERBSTMAN	PRESIDENT	35.00	Officer	$278,757	$37,831	$316,588
KRISTEN ANDREAZZA	CFO	35.00	Officer	$143,712	$24,423	$168,135
RICHARD JOHNS	CHIEF OPERATING OFFICER	35.00	Officer	$233,846	$6,216	$240,062
RIGAUD NOEL	EXECUTIVE DIRECTOR	35.00	Key Emp	$173,966	$1,104	$217,120
JAMES HUANG	DIRECTOR OF CONSTRUCTION	35.00	Highest	$179,129	$16,524	$195,653
JEREMY EHRHART	DIRECTOR OF ASSET MANAGEMENT	35.00	Highest	$139,887	$22,406	$162,293
MICHAEL GABOURY	DIRECTOR OF REAL ESTATE DE	35.00	Highest	$200,804	$16,524	$217,328
MICHELLE JIMENEZ	DIRECTOR OF HUMAN RESOURCE	35.00	Highest	$150,457	$37,831	$188,288
MILDRED FLORES-THEVENIN	DIRECTOR OF MARKETING	35.00	Highest	$151,748	$7,394	$159,142

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	$15,173,092	$13,750,559	$72,831,453	$1,422,533
2023	$17,891,917	$13,912,236	$70,172,909	$3,979,681
2022	$25,173,592	$13,266,279	$65,928,982	$11,907,313
2021	$11,765,294	$8,611,049	$50,728,547	$3,154,245
2020	$7,846,456	$9,281,604	$47,168,270	$-1,435,148
2019	$23,459,219	$6,606,556	$41,588,546	$16,852,663
2019	$24,636,239	$9,234,172	$46,069,147	$15,402,067
2018	$8,672,565	$19,166,528	$25,546,522	$-10,493,963

SETTLEMENT HOUSING FUND INC