FEDERATION HOUSING II INC (EIN 300529952) - 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

PHILIP MATCOVSKY

Phone

6316695355

Tax Period

2023-01-01 to 2023-12-31

FEDERATION HOUSING II INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $133K exceeded revenue, resulting in a 60% operating deficit.

Mission

HOUSING IS PROVIDED TO PERSONS WITH MENTAL ILLNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $65,753

Program Service Revenue $17,196

Investment Income $405

Other Revenue $0

TOTAL REVENUE $83,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,187

Fundraising Expenses $0

Program Expenses $98,245

Other Expenses $131,087

TOTAL EXPENSES $133,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,354	$76,090	+0.1%
Expenses	$133,274	$105,485	+0.3%
Net Income	$-49,920	$-29,395	+0.7%

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

$1,165,339

Total Directors

$809,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA FARON	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$49,481	$431,299
PHILIP MATCOVSKY	SECRETARY	5.00	Officer Director	$0	$28,276	$377,962
NANCY SCHONBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD VARON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG DURSO	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN MCCARTHY	CFO	5.00	Officer	$0	$49,604	$356,078

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	No data	No data	No data	No data
2023	$83,354	$133,274	$905,531	$-49,920
2022	$76,090	$105,485	$925,138	$-29,395
2021	$79,027	$125,069	$987,682	$-46,042
2020	$60,447	$134,280	$1,001,785	$-73,833
2019	$62,898	$104,805	$1,020,978	$-41,907
2018	$64,159	$116,494	$1,051,148	$-52,335

FEDERATION HOUSING II INC