Reclaim Housing Development Fund Corporation (EIN 272047238) - 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

Jumelia Abrahamson

Phone

7189333101

Tax Period

2023-01-01 to 2023-12-31

Reclaim Housing Development Fund Corporation, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2023. Expenses of $3.5M left a modest 6% surplus.

Mission

PRESERVATION & IMPROVEMENT OF HOUSING IN BRONX, NY

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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 $3,475,141

Investment Income $228,107

Other Revenue $0

TOTAL REVENUE $3,703,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,976

Fundraising Expenses $0

Program Expenses $3,411,606

Other Expenses $3,125,586

TOTAL EXPENSES $3,479,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,703,248	$3,543,007	+0.0%
Expenses	$3,479,562	$3,452,220	+0.0%
Net Income	$223,686	$90,787	+1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUMELIA ABRAHAMSON	TREASURER	1.0	Officer Director	$0	$0	$0
NIKAURYS QUITERIO	SECRETARY	1.0	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
2024	No data	No data	No data	No data
2023	$3,703,248	$3,479,562	$17,207,057	$223,686
2022	$3,543,007	$3,452,220	$16,849,443	$90,787
2021	$3,544,874	$3,493,506	$16,486,782	$51,368
2020	$3,620,536	$3,577,334	$16,429,294	$43,202
2019	$3,620,037	$3,000,756	$16,382,387	$619,281
2018	$3,541,061	$3,294,426	$15,642,548	$246,635

Reclaim Housing Development Fund Corporation