332 EAST 22ND STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL (EIN 260331924) - 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

2007

Legal Domicile

Principal Officer

DAVID GREENFIELD

Phone

2124539500

Tax Period

2025-01-01 to 2025-05-31

332 EAST 22ND STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL, founded in 2007, is a micro nonprofit that reported $88K in total revenue in fiscal year 2025. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE SUBSIDIZED RENTAL HOUSING FOR SENIORS AND LOW INCOME INDIVIDUALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,867

Investment Income $311

Other Revenue $5,250

TOTAL REVENUE $88,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,505

Other Expenses $99,134

TOTAL EXPENSES $99,134

Year-over-Year Comparison

	2025	2024	Change
Revenue	$88,428	$244,329	-0.6%
Expenses	$99,134	$301,629	-0.7%
Net Income	$-10,706	$-57,300	-0.8%

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

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

$637,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA SPITZER	TREASURER	0.10	Officer Director	$0	$0	$0
KENNETH ECKSTEIN	SECRETARY	0.10	Officer Director	$0	$0	$0
STACEY SCHEINBERG	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID GREENFIELD	CEO	0.10	Officer	$0	$25,446	$288,795
ELENA SYTCHEVA	CO-MANAGING DIRECTOR	0.10	Officer	$0	$8,299	$74,033
PHILIP KIBEL	CFO	0.10	Officer	$0	$24,310	$142,231
ROBERT NEWMAN	COO	0.10	Officer	$0	$3,544	$132,803

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	$88,428	$99,134	No data	$-10,706
2024	No data	No data	No data	No data
2023	$202,314	$265,392	$2,321,798	$-63,078
2022	$165,014	$282,104	$2,364,831	$-117,090
2022	$165,014	$282,104	$2,364,831	$-117,090
2021	$284,303	$348,795	$2,406,629	$-64,492
2020	$365,292	$333,551	$2,516,621	$31,741
2019	$204,451	$247,642	$2,511,073	$-43,191
2018	$236,754	$181,342	$2,490,854	$55,412

332 EAST 22ND STREET HOUSING DEVELOPMENT FUND CORPORATION C/O MET COUNCIL