BGC NONPROFIT HOUSING CORPORATION … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

RICHARD KERBAWY

Phone

5178536655

Tax Period

2024-01-01 to 2024-12-31

BGC NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 15% surplus.

Mission

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME AND TO PROVIDE FOR THEIR SOCIAL, PHYSICAL, AND HEALTH NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,105,740 Revenue: $2,032,993

BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS PROVIDES 180 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE...

Program 2

Expenses: $91,667

INCOME FROM BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE TAX-EXEMPT...

INCOME FROM BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE TAX-EXEMPT PURPOSE OF BGC-LINDEN LANE.

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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 $2,032,993

Investment Income $36,036

Other Revenue $0

TOTAL REVENUE $2,069,029

Expense Breakdown

Grants Paid $91,667

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,197,407

Other Expenses $1,669,091

TOTAL EXPENSES $1,760,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,069,029	$1,945,803	+0.1%
Expenses	$1,760,758	$4,709,257	-0.6%
Net Income	$308,271	$-2,763,454	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT HANUS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JOHN A SAUCHAK	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURIE SCHWARTZ	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KERBAWY	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
2024	$2,069,029	$1,760,758	$6,824,636	$308,271
2023	$1,945,803	$4,709,257	$6,641,304	$-2,763,454
2022	$1,885,861	$1,814,203	$9,485,113	$71,658
2021	$1,858,824	$1,749,260	$9,545,653	$109,564
2020	$1,759,602	$1,577,998	$5,140,404	$181,604
2019	$1,737,995	$1,554,305	$5,025,126	$183,690
2018	$1,651,820	$2,265,189	$4,884,135	$-613,369

BGC NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY