GRAND STREET SETTLEMENT SENIOR HOUSING DEVELOPMENT FUND (EIN 421607854) - 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

2002

Legal Domicile

Principal Officer

PATRICIA BRENNAN

Phone

2122258093

Tax Period

2023-07-01 to 2024-06-30

GRAND STREET SETTLEMENT SENIOR HOUSING DEVELOPMENT FUND, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.2M in total revenue in fiscal year 2023. Revenue surged 547% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.3M, a strong 85% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY INDIVIDUALS.

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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 $11,140,600

Program Service Revenue $2,055,782

Investment Income $33,254

Other Revenue $0

TOTAL REVENUE $13,229,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,816

Fundraising Expenses $0

Program Expenses $1,676,035

Other Expenses $1,716,458

TOTAL EXPENSES $1,958,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,229,636	$2,043,249	+5.5%
Expenses	$1,958,274	$1,883,965	+0.0%
Net Income	$11,271,362	$159,284	+69.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THEODORE ROBB	PRESIDENT	0.40	Officer Director	$0	$0	$0
KENNETH W LIEBMAN	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
PATRICIA BRENNAN	TREASURER	0.50	Officer Director	$0	$0	$0
GARY ICKOWICZ	SECRETARY	0.10	Officer Director	$0	$0	$0
BRIAN GOMEZ	MEMBER	0.10	Director	$0	$0	$0
ALBERTO JIMENEZ	MEMBER	0.10	Director	$0	$0	$0
BRYAN KOPLIN	MEMBER	0.10	Director	$0	$0	$0
ANDREW G CELLI JR	ASSISTANT SECRETARY	0.20	Director	$0	$0	$0
AMY PASQUARIELLO	MEMBER	0.10	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
2025	No data	No data	No data	No data
2024	$13,229,636	$1,958,274	$8,822,767	$11,271,362
2023	$2,043,249	$1,883,965	$8,565,169	$159,284
2022	$2,058,160	$1,740,782	$8,536,698	$317,378
2021	$2,007,252	$1,604,923	$8,450,829	$402,329
2020	$971,740	$1,308,960	$7,885,683	$-337,220
2019	$971,270	$1,260,182	$8,111,953	$-288,912

GRAND STREET SETTLEMENT SENIOR HOUSING DEVELOPMENT FUND