FEDERATION BUILDING 74 HOUSING DEVELOPMENT FUND CORPORATION (EIN 273339228) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

BARBARA FARON

Phone

2128191130

Tax Period

2024-07-01 to 2025-06-30

FEDERATION BUILDING 74 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $947K, a strong 79% operating margin.

Mission

REAL ESTATE DEVELOPMENT OF LOW INCOME HOUSING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $749,474

Program Service Revenue $0

Investment Income $452,142

Other Revenue $0

TOTAL REVENUE $1,201,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $254,150

Other Expenses $254,150

TOTAL EXPENSES $254,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,201,616	$1,189,525	+0.0%
Expenses	$254,150	$273,768	-0.1%
Net Income	$947,466	$915,757	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA FARON	PRESIDENT	1.00	Officer	$0	$0	$0
PHIL MATCOVSKY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
NANCY SCHONBERG	TREASURER	1.00	Officer	$0	$0	$0
GREGORY DURSO	SECRETARY	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	$1,201,616	$254,150	$17,370,089	$947,466
2024	No data	No data	No data	No data
2023	$1,177,750	$292,609	$16,477,894	$885,141
2022	$1,166,287	$310,701	$16,049,618	$855,586
2021	$1,155,131	$328,081	$15,632,803	$827,050
2020	$1,144,275	$344,770	$15,227,146	$799,505
2019	$1,133,708	$360,799	$14,832,345	$772,909
2018	$1,123,425	$2,072,277	$14,448,111	$-948,852

FEDERATION BUILDING 74 HOUSING DEVELOPMENT FUND CORPORATION