1508-10 AMSTERDAM AVENUE HDFC (EIN 262568622) - 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

2008

Legal Domicile

Principal Officer

DONALD C NOTICE

Phone

2128621399

Tax Period

2023-01-01 to 2023-12-31

1508-10 AMSTERDAM AVENUE HDFC, founded in 2008, is a small nonprofit that reported $307K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $412K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION WAS ORGANIZED TO PROVIDE HOUSING TO MODERATE AND LOW INCOME FAMILIES. ITS PURPOSE IS TO RELIEVE CONGESTION AND OVERCROWDING IN HOUSING AMONG POOR FAMILIES, MENTALLY DISADVANTAGED PERSONS AND THE HOMELESS. THE ORGANIZATIONS PRIMARY MISSION IS TO INCREASE HOUSING OPPORTUNITIES FOR INDIGENT PEOPLE IN THE WEST HARLEM AND WASHINGTON HEIGHTS AREAS.

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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 $224,249

Investment Income $11

Other Revenue $82,824

TOTAL REVENUE $307,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390,596

Other Expenses $412,106

TOTAL EXPENSES $412,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,084	$221,775	+0.4%
Expenses	$412,106	$522,637	-0.2%
Net Income	$-105,022	$-300,862	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENEVIEVE OUTLAW	Secretary	10.00	Officer Director	$0	$0	$0
DIANE INCE	Treasurer	10.00	Officer Director	$0	$0	$0
ILEANA DELAROSA	Chairperson	10.00	Officer Director	$0	$0	$0
COURTNEY BENNETT	BOARD MEMBER	10.00	Director	$0	$0	$0
LENORE B BROWN	Vice Chair	10.00	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	No data	No data	No data	No data
2023	$307,084	$412,106	$2,294,014	$-105,022
2022	$221,775	$522,637	$2,382,449	$-300,862
2021	$224,870	$364,865	$2,610,245	$-139,995
2020	$223,640	$306,438	$2,690,679	$-82,798
2019	$226,413	$318,894	$2,796,585	$-92,481
2018	$185,551	$306,413	$2,924,264	$-120,862

1508-10 AMSTERDAM AVENUE HDFC