FAIR HOUSING DEVELOPMENT FUND CORP

EIN: 237129067

GLEN COVE, NY

Total Revenue
$725,668
Total Expenses
$847,578
Total Assets
$1,199,889
Net Assets
$1,084,102
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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
1970
Legal Domicile
NY
Principal Officer
REV ALFRED EVANS
Phone
5166714326
Tax Period
2022-06-01 to 2023-05-31

FAIR HOUSING DEVELOPMENT FUND CORP, founded in 1970, is a small nonprofit that reported $726K in total revenue in fiscal year 2022. Expenses of $848K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW AND MIDDLE INCOME HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $717,964
Investment Income $3,865
Other Revenue $3,839
TOTAL REVENUE $725,668

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,853
Fundraising Expenses $0
Program Expenses $717,037
Other Expenses $765,725
TOTAL EXPENSES $847,578

Year-over-Year Comparison

2022 2021 Change
Revenue $725,668 $721,335 +0.0%
Expenses $847,578 $729,504 +0.2%
Net Income $-121,910 $-8,169 +13.9%
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
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE MCCURTY PRESIDENT 5.00
Officer Director
$0 $0 $0
REV ALFRED EVANS BOARD MEMBER 2.00
Director
$0 $0 $0
DANIELLE WILLIS BOARD MEMBER 2.00
Director
$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
2023 $725,668 $847,578 $1,199,889 $-121,910
2022 $721,335 $729,504 $1,303,259 $-8,169
2021 $736,549 $802,248 $1,355,896 $-65,699
2020 $743,022 $746,609 $1,427,654 $-3,587
2018 $707,793 $730,943 $1,537,660 $-23,150
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