ARDSLEY HOUSING DEVELOPMENT FUND CORP (EIN 260561516) - 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

Kimberlie Jacobs

Phone

9143328801

Tax Period

2023-09-01 to 2024-08-31

ARDSLEY HOUSING DEVELOPMENT FUND CORP, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $42K in total revenue in fiscal year 2023. Net assets of $503K represent 144 months of operating reserves.

Mission

DEVELOP AND OPERATE HOMELESS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,804

Investment Income $17

Other Revenue $0

TOTAL REVENUE $41,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,833

Other Expenses $43,113

TOTAL EXPENSES $43,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,821	$43,573	0.0%
Expenses	$43,113	$47,290	-0.1%
Net Income	$-1,292	$-3,717	-0.7%

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

$92,734

Total Directors

$1,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Widmarc Thomas	Executive Dir.	1.00	Officer	$0	$12,106	$91,189
Linda S Houser	Interim ED/Secr	1.00	Officer Director	$0	$0	$1,545
Kimberlie Jacobs	Chairman	2.00	Officer Director	$0	$0	$0
Stephanie Minor	Vice Chairman	1.00	Officer Director	$0	$0	$0
Susan McCarthy	Vice Chair/Secr	1.00	Officer Director	$0	$0	$0
John Williams	Treasurer	1.00	Officer 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
2024	$41,821	$43,113	$511,027	$-1,292
2023	$43,573	$47,290	$511,085	$-3,717
2022	$16,699	$52,306	$527,946	$-35,607
2021	$35,985	$62,540	$558,729	$-26,555
2020	$38,793	$48,881	$580,715	$-10,088
2019	$38,443	$47,766	$598,116	$-9,323
2018	$37,606	$43,263	$605,184	$-5,657

ARDSLEY HOUSING DEVELOPMENT FUND CORP