FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION (EIN 264642733) - 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

Phone

7182372017

Tax Period

2022-07-01 to 2023-06-30

FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $322K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $384K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN, DEVELOP AND OPERATE APARTMENT BUILDINGS FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

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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 $20,000

Program Service Revenue $301,165

Investment Income $50

Other Revenue $765

TOTAL REVENUE $321,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,247

Other Expenses $384,029

TOTAL EXPENSES $384,029

Year-over-Year Comparison

	2022	2021	Change
Revenue	$321,980	$289,423	+0.1%
Expenses	$384,029	$377,735	+0.0%
Net Income	$-62,049	$-88,312	-0.3%

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

$243,845

Total Directors

$243,845

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DE LA UZ	Secretary	0.50	Officer Director	$0	$10,691	$243,845
JESSICA YAGER	President	1.00	Officer Director	$0	$0	$0
DANY CUNNINGHAM	Treasurer	0.50	Officer Director	$0	$0	$0
JAY MARCUS	TREASURER	0.50		$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	No data	No data	No data	No data
2023	$321,980	$384,029	$3,180,424	$-62,049
2022	$289,423	$377,735	$3,169,877	$-88,312
2021	$232,046	$388,542	$3,365,359	$-156,496
2020	$268,260	$355,488	$3,375,558	$-87,228

FAC ADVANCE HOUSING DEVELOPMENT FUND CORPORATION