VIP COLLEGE AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 364570934) - 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

2003

Legal Domicile

Principal Officer

DEBBIAN FLETCHER-BLAKE

Phone

7185835150

Tax Period

2022-07-01 to 2023-06-30

VIP COLLEGE AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $918K in total revenue in fiscal year 2022. Expenses of $1.3M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING IN THE SOUTH BRONX, 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $903,165

Investment Income $14,211

Other Revenue $160

TOTAL REVENUE $917,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,015,564

Other Expenses $1,266,753

TOTAL EXPENSES $1,266,753

Year-over-Year Comparison

	2022	2021	Change
Revenue	$917,536	$932,384	0.0%
Expenses	$1,266,753	$1,148,809	+0.1%
Net Income	$-349,217	$-216,425	+0.6%

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

$663,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI STURGEON	DIRECTOR	0.50	Director	$0	$0	$0
JOHN P NERO	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SALVATORE GOGLIORMELLA	SECRETARY	0.50	Officer Director	$0	$0	$0
SETH TOWNSEND	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM TRUST JR	TREASURER	0.50	Officer Director	$0	$0	$0
ZENALI TIRADO	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
DEBBIAN FLETCHER-BLAKE	PRESIDENT/CEO	4.00	Officer	$0	$50,896	$404,440
FRANK KPLOANYI	CFO	4.00	Officer	$0	$35,309	$259,326

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	No data	No data	No data	No data
2023	$917,536	$1,266,753	$7,781,730	$-349,217
2022	$932,384	$1,148,809	$8,096,287	$-216,425
2021	$954,422	$1,019,098	$8,261,145	$-64,676
2020	$959,168	$958,036	$8,338,923	$1,132
2019	$913,069	$925,825	$8,340,356	$-12,756
2018	$887,339	$853,417	$8,353,166	$33,922

VIP COLLEGE AVENUE HOUSING DEVELOPMENT FUND CORPORATION