HOUSING WORKS HARLEM HOUSING DEVELOPMENT FUND CORPORATION (EIN 300055829) - 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

2000

Legal Domicile

Principal Officer

CHARLES KING

Phone

3474737400

Tax Period

2024-07-01 to 2025-06-30

HOUSING WORKS HARLEM HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2024. Expenses of $239K exceeded revenue, resulting in a 66% operating deficit.

Mission

PROVIDE PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS.

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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 $0

Program Service Revenue $143,426

Investment Income $0

Other Revenue $0

TOTAL REVENUE $143,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,859

Other Expenses $238,706

TOTAL EXPENSES $238,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,426	$141,888	+0.0%
Expenses	$238,706	$280,537	-0.1%
Net Income	$-95,280	$-138,649	-0.3%

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

Employees

N/A

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

$1,389,643

Total Directors

$864,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$41,218	$297,717
CHARLES KING	CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$29,412	$566,893
EARL WARD ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
IAN HANLEY	CHIEF FINANCIAL OFFICER (FROM 1/25)	1.00	Officer	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER (THRU 7/24)	1.00	Officer	$0	$5,306	$274,536
MARIUSZ GOLIANEK	INTERRIM CFO (FROM 8/24-THRU 12/24)	1.00	Officer	$0	$24,410	$250,497

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	$143,426	$238,706	$1,778,560	$-95,280
2024	$141,888	$280,537	$1,916,120	$-138,649
2023	$58,953	$171,190	$2,013,187	$-112,237
2022	$35,154	$242,375	$2,174,234	$-207,221
2021	$54,026	$214,750	$2,231,024	$-160,724
2020	$45,178	$213,774	$2,349,633	$-168,596
2019	$45,585	$237,350	$2,545,530	$-191,765
2018	$51,984	$191,953	$2,624,164	$-139,969

HOUSING WORKS HARLEM HOUSING DEVELOPMENT FUND CORPORATION