ST MARK AFFORDABLE HOUSING DEVLOP FUND CORPORATION (EIN 452158586) - 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

2011

Legal Domicile

Principal Officer

Beverly Jules

Phone

7187566607

Tax Period

2023-01-01 to 2023-12-31

ST MARK AFFORDABLE HOUSING DEVLOP FUND CORPORATION, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

OPERATES LOW INCOME HOUSING APARTMENTS

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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 $1,805,202

Investment Income $17,661

Other Revenue $13,256

TOTAL REVENUE $1,836,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,477

Fundraising Expenses $0

Other Expenses $2,127,455

TOTAL EXPENSES $2,488,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,836,119	$1,853,732	0.0%
Expenses	$2,488,932	$2,329,928	+0.1%
Net Income	$-652,813	$-476,196	+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

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
Kino G L Vitet	President	005.00	Director	$0	$0	$0
Beverly Jules	Member	005.00	Director	$0	$0	$0
Prince Felix	Member	005.00	Director	$0	$0	$0
Rosalind Goodluck	Member	005.00	Director	$0	$0	$0
Philbert Williams	Treas	005.00	Director	$0	$0	$0
Keith Anderson	Member	005.00	Director	$0	$0	$0
Marilyn Bathersfield	Member	005.00	Director	$0	$0	$0
Oswald OE Brotherson	Member	005.00	Director	$0	$0	$0
Josephine Calder	Member	005.00	Director	$0	$0	$0
Marcia Cole-Saunders	Member	005.00	Director	$0	$0	$0
Ann Edwards	Member	005.00	Director	$0	$0	$0
DR Joan Grant-Boyd	Member	005.00	Director	$0	$0	$0
Michael Holder	Member	005.00	Director	$0	$0	$0
Joslin Johnson	Member	005.00	Director	$0	$0	$0
Monique Reefer	Member	005.00	Director	$0	$0	$0
Jason Smith	Member	005.00	Director	$0	$0	$0
Jean-Antoine Toussaint	Member	005.00	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	$1,836,119	$2,488,932	$10,051,779	$-652,813
2022	$1,853,732	$2,329,928	$10,635,486	$-476,196
2021	$3,010,067	$2,249,964	$10,707,878	$760,103
2020	$1,816,574	$2,115,652	$10,325,638	$-299,078
2019	$1,784,954	$2,024,591	$10,613,934	$-239,637
2018	$1,789,297	$2,157,565	$10,748,439	$-368,268

ST MARK AFFORDABLE HOUSING DEVLOP FUND CORPORATION