HABITAT FOR HUMANITY NYC FUND INC

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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

2017

Legal Domicile

Principal Officer

PEARL CHIN

Phone

2129914000

Tax Period

2024-07-01 to 2025-06-30

HABITAT FOR HUMANITY NYC FUND INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $412K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $553K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROMOTE THE COMMUNITY DEVELOPMENT AND HOMEOWNERSHIP AND TO EXPAND THE AVAILABILITY OF AFFORDABLE HOUSING BY PROVIDING FINANCING AND TECHNICAL ASSISTANCE AND OTHER EDUCATIONAL AND DEVELOPMENTAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $451,682 Revenue: $289,364

THE HABITAT NYC COMMUNITY FUND (THE "FUND") IS A CDFI-CERTIFIED REVOLVING LOAN FUND THAT PROVIDES ACCESS TO AFFORDABLE, FLEXIBLE FINANCING TO THOSE WHO NEED IT MOST AND ARE MOST FREQUENTLY DENIED IT, LIKE RESIDENT-OWNED AFFORDABLE HOUSING DEVELOPMENTS AND NON-PROFIT AFFORDABLE HOUSING DEVELOPERS. A LOAN FROM THE FUND CAN HELP EXISTING AFFORDABLE HOUSING DEVELOPMENTS MAKE CAPITAL REPAIRS, PAY OFF FINES AND LIENS, STABILIZE OVERALL FINANCES AND POTENTIALLY UNLOCK ADDITIONAL CAPITAL FROM OTHER, OFTEN PUBLIC, SOURCES. THE FUND ALSO LENDS CAPITAL TO NOT-FOR-PROFIT AFFORDABLE HOUSING DEVELOPERS, INCLUDING HABITAT FOR HUMANITY OFFICES ACROSS NEW YORK STATE, WHO MAY OTHERWISE BE UNABLE TO ACCESS THE TYPE OF CAPITAL THEY NEED THROUGH TRADITIONAL FINANCING. WITH AFFORDABLE CREDIT, THESE DEVELOPERS MAKE GREAT CHANGES WITHIN THEIR COMMUNITIES, BUILDING AND PRESERVING MORE HOUSING ACROSS THE STATE. TO DATE, WE'VE CLOSED ON A TOTAL OF 24 LOANS, LENT A TOTAL OF $5.4MM AND BUILT OR PRESERVED 760 UNITS OF HOUSING.

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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 $122,858

Program Service Revenue $276,380

Investment Income $0

Other Revenue $12,984

TOTAL REVENUE $412,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,818

Fundraising Expenses $0

Program Expenses $451,682

Other Expenses $183,134

TOTAL EXPENSES $552,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,222	$891,311	-0.5%
Expenses	$552,952	$607,868	-0.1%
Net Income	$-140,730	$283,443	-1.5%

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

$372,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA SEWELL	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
AMIR KIRKWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAIN HSU	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTIE PEALE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MCGUINNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
FATHER STEPHEN MIMNAUGH OFM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIAN ZUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK STREB	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ROBINSON	BOARD MEMBER (OUTGOING)	1.00	Director	$0	$0	$0
OSAZE ROMANY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIBITA KANEENE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER ILLUM	SECRETARY	4.00	Officer	$0	$38,991	$187,206
PEARL CHIN	TREASURER / CFO (INCOMING)	1.00	Officer	$0	$0	$0
STEVEN GOLDGRAB	TREASURER / CFO (OUTGOING)	1.00	Officer	$0	$34,534	$185,730

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	$412,222	$552,952	$5,377,530	$-140,730
2024	No data	No data	No data	No data
2023	$892,158	$688,517	$5,645,528	$203,641
2022	$613,393	$448,182	$5,047,221	$165,211
2021	$667,687	$356,079	$4,500,667	$311,608
2020	$670,957	$298,780	$3,417,268	$372,177
2019	$379,723	$380,939	$3,005,922	$-1,216
2018	$427,082	$183,389	$2,958,034	$243,693