Mid-Bronx Housing Development Fund Corporation (EIN 237363423) - 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

1974

Legal Domicile

Principal Officer

Jeanette Puryear

Phone

7185888200

Tax Period

2024-07-01 to 2025-06-30

Mid-Bronx Housing Development Fund Corporation, founded in 1974, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

Mis-Bronx HDFC was organized exclusively for the charitable purpose of developing housing for persons of low income located in the Bronx, NY.

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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 $0

Program Service Revenue $2,959,190

Investment Income $54,014

Other Revenue $150,000

TOTAL REVENUE $3,163,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,486

Fundraising Expenses $0

Program Expenses $4,537,132

Other Expenses $4,253,646

TOTAL EXPENSES $4,537,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,163,204	$3,611,911	-0.1%
Expenses	$4,537,132	$3,000,216	+0.5%
Net Income	$-1,373,928	$611,695	-3.2%

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

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
Dr Joe Albert Bush Sr	Chairman	1.00	Officer Director	$0	$0	$0
Mary Coleman	Vice Chair	1.00	Officer Director	$0	$0	$0
Jeanette Puryear	Secr/Treasurer	5.00	Officer Director	$0	$0	$0
Dr Madan Paul	Member	1.00	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
2025	$3,163,204	$4,537,132	$8,466,469	$-1,373,928
2024	$3,611,911	$3,000,216	$6,640,249	$611,695
2023	$3,243,386	$3,749,294	$5,836,858	$-505,908
2022	$3,021,247	$2,624,445	$5,532,789	$396,802
2021	$3,561,955	$2,433,653	$6,085,137	$1,128,302
2020	$3,289,916	$2,920,552	$5,900,250	$369,364
2020	$2,879,719	$3,418,296	$4,757,069	$-538,577
2019	$3,318,322	$2,579,877	$7,713,814	$738,445
2018	$3,223,032	$2,627,666	$6,308,840	$595,366
2018	$3,270,988	$2,613,190	$6,333,748	$657,798

Mid-Bronx Housing Development Fund Corporation