E REYES APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 264762092) - 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

2009

Legal Domicile

Principal Officer

JUAN RAMOS

Phone

7183873600

Tax Period

2023-01-01 to 2023-12-31

E REYES APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 27% operating margin.

Mission

ORGANIZED EXCLUSIVELY TO OWN, REHABILITATE, MANAGE, LEASE, MAINTAIN DEVELOP AND OPERATE HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 $447,004

Program Service Revenue $629,093

Investment Income $6,053

Other Revenue $36,563

TOTAL REVENUE $1,118,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $766,913

Other Expenses $817,842

TOTAL EXPENSES $817,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,118,713	$742,388	+0.5%
Expenses	$817,842	$820,658	0.0%
Net Income	$300,871	$-78,270	-4.8%

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

$381,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE ROSADO	BOARD MEMBER	0.50	Director	$0	$0	$0
CASSANDRA ACEVEDO	SECRETARY	0.50	Officer Director	$0	$0	$0
DAMARIS REYES	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID LOPEZ	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GLADYS OGANDO	BOARD MEMBER	0.50	Director	$0	$0	$0
ISRAEL ROSARIO	TREASURER	0.50	Officer Director	$0	$0	$0
MAISHA MORALES	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIA OCASIO	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTIN NEEDLEMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
RAY NARVAEZ	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
RICARDO MOLINA	BOARD MEMBER	0.50	Director	$0	$0	$0
WILFREDO VARGAS	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE PACHECO	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM O'SHEA	BOARD MEMBER	0.50	Director	$0	$0	$0
YOWALKZ ROSARIO	BOARD MEMBER	0.50	Director	$0	$0	$0
JUAN RAMOS	EXECUTIVE DIRECTOR	0.50	Officer	$0	$17,573	$209,348
LENETTE BERRIOS	FINANCE DIRECTOR	0.50	Officer	$0	$17,573	$172,107

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	$1,118,713	$817,842	$2,694,726	$300,871
2022	$742,388	$820,658	$2,361,742	$-78,270
2021	$867,517	$809,465	$2,435,268	$58,052
2020	$712,149	$742,058	$2,378,967	$-29,909
2019	$677,887	$750,540	$2,363,346	$-72,653
2018	$679,004	$639,004	$2,430,708	$40,000

E REYES APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION