4-12 Gouverneur Place Housing Development Fund Corporation (EIN 273437725) - 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

RICHARD NIGHTINGALE

Phone

9143452800

Tax Period

2024-01-01 to 2024-12-31

4-12 Gouverneur Place Housing Development Fund Corporation, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $756K in total revenue in fiscal year 2024. The organization ran a surplus of $465K, a strong 61% operating margin.

Mission

ENABLING AND FACILITATING THE DEVELOPMENT OF A 50 UNIT AFFORDABLE/MENTAL HEALTH MIXED USING HOUSING PROJECT IN THE BRONX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $726,380

Program Service Revenue $0

Investment Income $29,429

Other Revenue $0

TOTAL REVENUE $755,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,083

Other Expenses $291,083

TOTAL EXPENSES $291,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$755,809	$755,809	N/A
Expenses	$291,083	$303,736	0.0%
Net Income	$464,726	$452,073	+0.0%

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

N/A

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

$1,338,642

Total Directors

$1,338,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD NIGHTINGALE	PRESIDENT/CEO	35.0	Officer Director	$0	$53,979	$534,607
JAMES COUGHLIN	SECRETARY/TREASURER	35.0	Officer Director	$0	$53,979	$418,027
andrew germansky	Sr. VP of Real Estate	35.0	Officer Director	$0	$53,130	$386,008

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	$755,809	$291,083	$12,056,206	$464,726
2023	$755,809	$303,736	$12,026,777	$452,073
2022	$755,809	$319,847	$11,997,349	$435,962
2021	$755,809	$333,460	$11,967,920	$422,349
2020	$755,809	$345,645	$11,938,491	$410,164
2019	$755,809	$357,900	$11,909,063	$397,909
2018	$755,809	$372,770	$11,879,634	$383,039

4-12 Gouverneur Place Housing Development Fund Corporation