POSITIVELY THIRD STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 300054211 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,127,107
Total Expenses
$1,206,220
Total Assets
$8,173,656
Net Assets
$-307,307
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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
2002
Legal Domicile
NY
Principal Officer
KATHRYN HASLANGER
Phone
2122735200
Tax Period
2023-07-01 to 2024-06-30

POSITIVELY THIRD STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

AS PART OF THE JASA'S COMPREHENSIVE NETWORK OF SERVICES FOR OLDER ADULTS, THE POSITIVELY THIRD STREET HOUSING DEVELOPMENT FUND CO., INC PROVIDES AFFORDABLE HOUSING AND SOCIAL SERVICES TO LOW INCOME OLDER ADULTS LIVING INDEPENDENTLY.

Program Service Accomplishments

Program 1
Expenses: $1,096,561 Revenue: $1,116,972

THE CORPORATION PROVIDES AFFORDABLE HOUSING AND AUXILIARY FACILITIES FOR OLDER ADULTS OF LOW INCOME. THE PROJECT CONSISTS OF 53 UNITS LOCATED IN NEW YORK, NY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,116,064
Investment Income $10,135
Other Revenue $908
TOTAL REVENUE $1,127,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,311
Fundraising Expenses $0
Program Expenses $1,096,561
Other Expenses $1,152,909
TOTAL EXPENSES $1,206,220

Year-over-Year Comparison

2023 2022 Change
Revenue $1,127,107 $1,174,502 0.0%
Expenses $1,206,220 $1,142,090 +0.1%
Net Income $-79,113 $32,412 -3.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
3

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
4
$1,125,417
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN HASLANGER CEO 1.00
Officer
$0 $69,645 $510,263
DONALD MANNING VP/ASST. TREASURER, ASST. 1.00
Officer
$0 $16,567 $337,328
MATTHEW LOCURTO CFO 1.00
Officer
$0 $46,680 $277,826
DAVID HILDES BOARD MEMBER 1.00
Director
$0 $0 $0
MARK IMOWITZ BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN SIROKA PRESIDENT 1.00
Officer 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 No data No data No data No data
2024 $1,127,107 $1,206,220 $8,173,656 $-79,113
2023 $1,174,502 $1,142,090 $8,173,553 $32,412
2022 $854,347 $1,120,110 $8,062,085 $-265,763
2021 $844,407 $1,050,210 $8,389,895 $-205,803
2020 $850,582 $965,558 $8,511,955 $-114,976
2019 $804,761 $977,234 $8,692,684 $-172,473
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