1965 BELMONT AVENUE HOUSING DEVELOPMENT FUND (EIN 263013552) - 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

2010

Legal Domicile

Principal Officer

FREDERICK SHACK

Phone

2127367385

Tax Period

2023-07-01 to 2024-06-30

1965 BELMONT AVENUE HOUSING DEVELOPMENT FUND, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $948K in total revenue in fiscal year 2023.

Mission

REAL ESTATE DEVELOPMENT OF LOW INCOME 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 $816,069

Program Service Revenue $0

Investment Income $131,865

Other Revenue $0

TOTAL REVENUE $947,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $529,814

Other Expenses $947,934

TOTAL EXPENSES $947,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$947,934	$948,727	0.0%
Expenses	$947,934	$948,727	0.0%
Net Income	$0	$0	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HEFT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN ABRAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANNE SUN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRADLEY HANDLER	TREASURER	1.00	Officer Director	$0	$0	$0
FREDERICK SHACK	CEO	1.00	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	No data	No data	No data	No data
2024	$947,934	$947,934	$9,448,758	No data
2023	$948,727	$948,727	$9,735,012	No data
2022	$949,431	$949,431	$10,005,981	No data
2021	$950,041	$950,041	$10,262,482	No data
2018	$951,362	$951,361	$10,952,695	$1

1965 BELMONT AVENUE HOUSING DEVELOPMENT FUND