LENOX AND PENNAMON HDFC C/O WEST HARLEM COMMUNITY ORGANIZATION (EIN 270409163) - 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

JEROME WHITE

Phone

2126785660

Tax Period

2023-01-01 to 2023-12-31

LENOX AND PENNAMON HDFC C/O WEST HARLEM COMMUNITY ORGANIZATION, founded in 2009, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 86% operating deficit.

Mission

WITH COMMUNITY RESIDENTS LEADING THE WAY, THE MISSION OF LENOX AND PENNAMON HDFC IS TO BUILD A STRONG, SUSTAINABLE CENTRAL HARLEM COMMUNITY, WHERE YOUTH AND ADULTS ACHIEVE EDUCATIONAL AND ECONOMIC SUCCESS, SECURE AFFORDABLE HOUSING, AND DEVELOP LEADERSHIP SKILLS TO TRANSFOM THEIR LIVES AND COMMUNITY.

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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 $3,501

Investment Income $2,078,075

Other Revenue $0

TOTAL REVENUE $2,081,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,864,393

Other Expenses $3,864,393

TOTAL EXPENSES $3,864,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,081,576	$1,704,361	+0.2%
Expenses	$3,864,393	$2,135,017	+0.8%
Net Income	$-1,782,817	$-430,656	+3.1%

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

N/A

Employees

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
JEROME WHITE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BILL FRIED	SECRETARY	1.00	Officer Director	$0	$0	$0
DARLENE MOORE	TREASURER	1.00	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
2023	$2,081,576	$3,864,393	No data	$-1,782,817
2022	$1,704,361	$2,135,017	$4,524,571	$-430,656
2021	$682,039	$886,485	$5,660,140	$-204,446
2020	$711,246	$1,254,527	$5,502,861	$-543,281
2020	$711,246	$1,254,527	$5,502,861	$-543,281
2019	$762,844	$1,187,185	$5,563,630	$-424,341
2018	$749,801	$1,150,447	$5,726,490	$-400,646

LENOX AND PENNAMON HDFC C/O WEST HARLEM COMMUNITY ORGANIZATION