63 THOMPSON STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 270646479 Housing & Shelter

NEW YORK, NY

Total Revenue
$492,372
Total Expenses
$544,864
Total Assets
$8,480,858
Net Assets
$-1,877,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
ADAM WEINSTEIN
Phone
2122439090
Tax Period
2022-07-01 to 2023-06-30

63 THOMPSON STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $492K in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $545K exceeded revenue, resulting in a 11% operating deficit.

Mission

63 THOMPSON STREET HOUSING DEVELOPMENT FUND CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, OWNING AND OPERATING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1
Expenses: $411,630 Revenue: $491,834

63 THOMPSON STREET HOUSING DEVELOPMENT FUND CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, OWNING AND OPERATING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW...

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63 THOMPSON STREET HOUSING DEVELOPMENT FUND CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, OWNING AND OPERATING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME. IT PROVIDED 21 AFFORDABLE HOUSING UNITS DURING THE YEAR.

Program 2
Expenses: $85,000

GRANT TO PHIPPS HOUSES, AN AFFILIATE ORGANIZATION UNDER IRC 501(C)(4), TO BE USED ONLY FOR THE PURPOSE OF PROMOTING AFFORDABLE 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $454,155
Investment Income $538
Other Revenue $37,679
TOTAL REVENUE $492,372

Expense Breakdown

Grants Paid $85,000
Salaries & Benefits $26,813
Fundraising Expenses $0
Program Expenses $496,630
Other Expenses $433,051
TOTAL EXPENSES $544,864

Year-over-Year Comparison

2022 2021 Change
Revenue $492,372 $410,958 +0.2%
Expenses $544,864 $540,569 +0.0%
Net Income $-52,492 $-129,611 -0.6%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
1
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
5
$2,546,572
Total Directors
3
$1,770,151
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM WEINSTEIN PRESIDENT/CEO 1.00
Officer Director
$0 $162,116 $968,887
JAMES ROBERT PIGOTT JR VICE PRESIDENT AND SECRETARY 1.00
Officer Director
$0 $74,966 $415,028
BRIAN BRICKER TREASURER 1.00
Officer Director
$0 $69,454 $386,236
MATTHEW KELLY VICE PRESIDENT 1.00
Officer
$0 $70,890 $407,918
MICHAEL WADMAN VICE PRESIDENT 1.00
Officer
$0 $57,805 $368,503
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 $492,372 $544,864 $8,480,858 $-52,492
2022 $410,958 $540,569 $8,524,997 $-129,611
2021 $409,453 $647,889 $8,681,626 $-238,436
2020 $518,508 $658,887 $8,948,487 $-140,379
2019 $523,174 $766,237 $9,124,839 $-243,063
2018 $447,015 $517,064 $9,421,074 $-70,049
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