BGC-I NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY (EIN 383080446) - 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

1992

Legal Domicile

Principal Officer

RICHARD KERBAWY

Phone

5178536655

Tax Period

2023-01-01 to 2023-12-31

BGC-I NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 12% surplus.

Mission

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME.

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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 $0

Program Service Revenue $1,696,601

Investment Income $22,074

Other Revenue $0

TOTAL REVENUE $1,718,675

Expense Breakdown

Grants Paid $91,667

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $929,053

Other Expenses $1,418,826

TOTAL EXPENSES $1,510,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,718,675	$1,696,575	+0.0%
Expenses	$1,510,493	$1,552,540	0.0%
Net Income	$208,182	$144,035	+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

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
LAURIE SCHWARTZ	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KERBAWY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOHN A SAUCHAK	BOARD MEMBER	0.50	Director	$0	$0	$0
KURT HANUS	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$1,718,675	$1,510,493	$4,297,607	$208,182
2022	$1,696,575	$1,552,540	$4,203,353	$144,035
2021	$1,629,671	$1,451,157	$4,159,969	$178,514
2020	$1,549,989	$1,635,352	$4,002,187	$-85,363
2019	$1,502,235	$1,455,439	$3,922,885	$46,796
2018	$1,471,424	$2,971,682	$3,974,538	$-1,500,258

BGC-I NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY