PARK SIDE 104 HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 272844696 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$453,120
Total Expenses
$574,794
Total Assets
$2,074,062
Net Assets
$-901,845
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Tax Period
2024-07-01 to 2025-06-30

PARK SIDE 104 HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $453K in total revenue in fiscal year 2024. Expenses of $575K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE ADEQUATE LOW INCOME HOUSING TO RESIDENTS OF THE MANHATTAN VALLEY REGION OF MANHATTAN, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $528,970 Revenue: $439,229

ALL EXPENSES RELATED TO MAINTAIN AND MANAGE THE BUILDINGS OF THE ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $439,229
Investment Income $13,891
Other Revenue $0
TOTAL REVENUE $453,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $528,970
Other Expenses $574,794
TOTAL EXPENSES $574,794

Year-over-Year Comparison

2024 2023 Change
Revenue $453,120 $447,276 +0.0%
Expenses $574,794 $576,039 0.0%
Net Income $-121,674 $-128,763 -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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Governance

Voting Members
3
Independent Members
2
Employees
N/A
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
1
$135,250
Total Directors
3
$135,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN P BAEZ Vice President 1.00
Officer Director
$0 $4,935 $135,250
BRADFORD WINSTON President 1.00
Director
$0 $0 $0
SANDRA B POWERS TREASURER/SECY 1.00
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
2025 $453,120 $574,794 $2,074,062 $-121,674
2024 $447,276 $576,039 $2,028,236 $-128,763
2023 $430,199 $543,665 $2,127,339 $-113,466
2020 $410,244 $453,565 $2,165,362 $-43,321
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