EAST ONE THIRTY EIGHTH HOUSING DEVELOPMENT FUND COMPANY INC (EIN 272817926) - 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

PAUL R FREITAG

Phone

2127216032

Tax Period

2023-07-01 to 2024-06-30

EAST ONE THIRTY EIGHTH HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $704K in total revenue in fiscal year 2023. The organization ran a surplus of $412K, a strong 59% operating margin.

Mission

NOT-FOR-PROFIT HOUSING DEVELOPMENT COPORATION COMMITTED TO DEVELOPING, OPERATING, AND MANAGING HOUSING 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 $97,324

Program Service Revenue $601,154

Investment Income $5,056

Other Revenue $0

TOTAL REVENUE $703,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,514

Fundraising Expenses $0

Program Expenses $286,138

Other Expenses $203,724

TOTAL EXPENSES $291,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$703,534	$694,910	+0.0%
Expenses	$291,238	$325,291	-0.1%
Net Income	$412,296	$369,619	+0.1%

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

Employees

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

$838,679

Total Directors

$493,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE HILGER	COO/ASSIST SECRETARY	1.00	Officer Director	$0	$7,302	$199,961
PAUL R FREITAG	VICE PRESIDENT	1.00	Officer Director	$0	$53,667	$293,303
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL J DROSIN	DIR OF PROPERTY MNGMENT	1.00	Officer	$0	$34,296	$170,814
NANDA WIN	CFO/TREASURER (OUTGOING)	1.00	Officer	$0	$48,477	$174,601
DEEPAK BUTANI	CFO (INCOMING)	1.00	Officer	$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	$703,534	$291,238	$3,098,111	$412,296
2023	$694,910	$325,291	$2,813,798	$369,619
2022	$683,735	$336,820	$1,614,775	$346,915
2021	$709,716	$300,030	$1,266,347	$409,686
2020	$991,862	$274,918	$898,406	$716,944
2019	$218,300	$121,745	$523,223	$96,555
2018	$95,714	$118,601	$200,263	$-22,887

EAST ONE THIRTY EIGHTH HOUSING DEVELOPMENT FUND COMPANY INC