HOUSING ASSOCIATION FOR TYRONE II … - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

RABBI AUDREY R KOROTKIN

Phone

8149449466

Tax Period

2024-10-01 to 2025-09-30

HOUSING ASSOCIATION FOR TYRONE II INC SYLVAN ACRES APARTMENTS is a small nonprofit that reported $327K in total revenue in fiscal year 2024. Expenses of $384K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW COST HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN NEED

Program Service Accomplishments

Program 1

Expenses: $333,897 Revenue: $98,330

TO PROVIDE LOW COST HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN NEED

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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 $229,100

Program Service Revenue $92,240

Investment Income $35

Other Revenue $6,090

TOTAL REVENUE $327,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,893

Fundraising Expenses $0

Program Expenses $333,897

Other Expenses $260,741

TOTAL EXPENSES $383,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,465	$318,439	+0.0%
Expenses	$383,634	$371,872	+0.0%
Net Income	$-56,169	$-53,433	+0.1%

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	Role	Reportable Comp	Other Comp	Total
REV CARL SCHMITT	DIRECTOR	Director	$0	$0	$0
REV MARK LILLER	DIRECTOR	Director	$0	$0	$0
CATHY HARLOW	DIRECTOR	Director	$0	$0	$0
RABBI AUDREY R KOROTKIN	PRESIDENT	Officer	$0	$0	$0
MARGARET MCNITT	VICE PRESIDENT	Officer	$0	$0	$0
JEAN BRESSLER	SECRETARY/TREASURER	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
2025	$327,465	$383,634	$332,328	$-56,169
2024	$318,439	$371,872	$397,625	$-53,433
2023	$325,419	$345,998	$427,805	$-20,579
2022	$342,825	$346,263	$459,892	$-3,438
2021	$313,644	$332,705	$473,869	$-19,061
2020	$314,840	$325,573	$512,595	$-10,733
2019	$313,911	$321,545	$531,529	$-7,634

HOUSING ASSOCIATION FOR TYRONE II INC SYLVAN ACRES APARTMENTS