FOUR STREETS HOUSING DEVELOPMENT FUND CO

EIN: 341977017 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$455,287
Total Expenses
$639,494
Total Assets
$5,247,379
Net Assets
$-2,120,322
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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
2004
Legal Domicile
NY
Principal Officer
JEFFREY DUNSTON
Phone
7184539490
Tax Period
2023-07-01 to 2024-06-30

FOUR STREETS HOUSING DEVELOPMENT FUND CO, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $455K in total revenue in fiscal year 2023. Expenses of $639K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN SECTIONS OF BROOKLYN, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $590,463 Revenue: $455,287

TO PROVIDE AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN SECTIONS OF BROOKLYN, NEW YORK.

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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 $455,287
Investment Income $0
Other Revenue $0
TOTAL REVENUE $455,287

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $590,463
Other Expenses $639,494
TOTAL EXPENSES $639,494

Year-over-Year Comparison

2023 2022 Change
Revenue $455,287 $456,638 0.0%
Expenses $639,494 $746,682 -0.1%
Net Income $-184,207 $-290,044 -0.4%
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
N/A
Volunteers
N/A

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
$298,920
Total Directors
3
$298,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DUNSTON DIRECTOR 0.33
Officer Director
$0 $0 $298,920
NATHANIEL MONTGOMERY DIRECTOR 0.33
Director
$0 $0 $0
LUCY ALVAREZ DIRECTOR 0.33
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
2024 $455,287 $639,494 $5,247,379 $-184,207
2023 $456,638 $746,682 $5,273,999 $-290,044
2022 No data No data $5,610,910 No data
2021 $459,167 $603,023 $5,610,910 $-143,856
2020 $448,500 $574,538 $5,733,861 $-126,038
2019 $439,455 $519,702 $5,862,845 $-80,247
2018 $403,822 $541,977 $5,976,545 $-138,155
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