HOUSING WORKS USED BOOK CAFE INC (EIN 260720507) - 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

CHARLES KING

Phone

3474737400

Tax Period

2022-07-01 to 2023-06-30

HOUSING WORKS USED BOOK CAFE INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE A USED BOOKSTORE, LITERARY HUB & CONCERT VENUE LOCATED IN DOWNTOWN MANHATTAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,624,668

Program Service Revenue $0

Investment Income $0

Other Revenue $295,444

TOTAL REVENUE $1,920,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,933,741

Other Expenses $1,965,923

TOTAL EXPENSES $1,965,923

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,920,112	$1,534,444	+0.3%
Expenses	$1,965,923	$2,017,501	0.0%
Net Income	$-45,811	$-483,057	-0.9%

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

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

$1,120,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN LIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON STOSUY	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKS HEADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CALEDONIA KEARNS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL PLAMBECK	SECRETARY	1.00	Officer Director	$0	$0	$0
GLORY EDIM	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN ROSNER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY DANEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LIBBY FLORES	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK MCCARVEL	BOARD CHAIR	1.00	Director	$0	$0	$0
THOMAS KRETCHMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
YVETTE HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES KING	PRESIDENT & CEO	1.00	Officer	$0	$16,962	$473,043
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$5,416	$278,658
MATTHEW BERNARDO	CHIEF OPERATING OFFICER	1.00	Officer	$0	$29,779	$369,233

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,920,112	$1,965,923	$5,772,851	$-45,811
2022	$1,534,444	$2,017,501	$5,589,607	$-483,057
2021	$417,079	$1,533,729	$1,257,687	$-1,116,650
2020	$2,273,933	$2,410,238	$1,560,392	$-136,305
2019	$2,932,802	$2,972,453	$1,297,888	$-39,651
2018	$2,032,952	$2,533,569	$1,045,336	$-500,617

HOUSING WORKS USED BOOK CAFE INC