POSITIVELY THIRD STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 300054211) - 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

2002

Legal Domicile

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

TO PROVIDE AFFORDABLE HOUSING & SOCIAL SERVICES TO LOW INCOME OLDER ADULTS LIVING INDEPENDENTLY.

🔒

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 (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

🔒

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

Volunteers

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

$1,125,417

Total Directors

Key Employees

Highest Compensated

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

POSITIVELY THIRD STREET HOUSING DEVELOPMENT FUND CORPORATION