RIVERDALE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hudson House Housing Development Fund Company Inc, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 27% operating deficit.
IT IS THE MISSION OF HUDSON HOUSE HOUSING DEVELOPMENT FUND COMPANY, INC. TO PROVIDE HOUSING FOR PERSONS OF LOW INCOME AND IN PARTICULAR TO PROMOTE THE WELFARE OF THE ELDERLY AND TO PROVIDE ELDERLY PERSONS AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND WELL BEING. HUDSON HOUSE HOUSING DEVELOPMENT FUND COMPANY, INC. IS PART OF RIVERSPRING LIVING, A GROUP OF LONG TERM CARE AFFILIATES UNDER THIS COMMON BRAND NAME. RIVERSPRING LIVING SERVES OLDER ADULTS OF ALL FAITHS THROUGH COMPASSIONATE CARE AND VIBRANT COMMUNITY ENGAGEMENT. GUIDED BY JEWISH VALUES AND OUR NON-PROFIT MISSION, IT ADVOCATES AND CELEBRATES A VISION OF EMPOWERED AGING. RIVERSPRING LIVING'S PROGRAMS AND SERVICES INCLUDE MANAGED CARE, SENIOR HOUSING, HOME CARE, ASSISTED LIVING, REHABILITATION AND SKILLED NURSING SERVICES AND SPECIALIZED SERVICES SUCH AS ELDER JUSTICE AND MEMORY CARE. COLLECTIVELY, RIVERSPRING EMPOWERS OVER 18,000 PATIENTS, RESIDENTS AND MEMBERS TO LIVE FORWARD EVERY DAY.
LOW INCOME HOUSING PROVIDED TO 57 RESIDENTS AS OF DECEMBER 31, 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,249,386 | $959,058 | +0.3% |
| Expenses | $1,582,856 | $1,542,543 | +0.0% |
| Net Income | $-333,470 | $-583,485 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | Chairman | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Secretary/Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | President, CEO | 1.0 |
Officer
|
$0 | $65,382 | $2,065,154 |
| N/A | Chief Operating Officer | 1.0 |
Officer
|
$0 | $32,203 | $943,821 |
| N/A | Interim CFO | 1.0 |
Key Emp
|
$0 | $60,643 | $379,872 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,249,386 | $1,582,856 | $8,097,628 | $-333,470 |
| 2022 | $959,058 | $1,542,543 | $8,215,677 | $-583,485 |
| 2021 | $788,721 | $1,326,956 | $8,338,957 | $-538,235 |
| 2020 | $706,570 | $1,354,467 | $8,787,124 | $-647,897 |
| 2019 | $741,278 | $1,294,429 | $9,415,157 | $-553,151 |
| 2018 | $733,850 | $1,218,937 | $9,951,353 | $-485,087 |
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