DIVISION HOUSING CORPORATION (EIN 453615582) - 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

MSGR ANTHONY HERNANDEZ

Phone

2126928351

Tax Period

2024-01-01 to 2024-12-31

DIVISION HOUSING CORPORATION, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 100% operating margin.

Mission

TO OWN, REHABILITATE, MAINTAIN, AND MANAGE, ON A NONPROFIT BASIS, A MUNICIPALLY-AIDED HOUSING PROJECT IN BROOKLYN, NY, FOR PERSONS WITH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,826,404

Investment Income $826,605

Other Revenue $0

TOTAL REVENUE $2,653,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,207

Other Expenses $9,843

TOTAL EXPENSES $9,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,653,009	$2,014,774	+0.3%
Expenses	$9,843	$15,861	-0.4%
Net Income	$2,643,166	$1,998,913	+0.3%

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

$128,250

Total Directors

$128,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONSIGNOR ANTHONY HERNANDEZ	PRESIDENT	5.00	Officer Director	$0	$0	$128,250
RABBI JOSHUA ROSENBAUM	DIRECTOR	3.00	Director	$0	$0	$0
MARY DUNBAR	SECRETARY / TREASURER	3.00	Officer Director	$0	$0	$0
REVEREND JEREMIAS CASTILLO	DIRECTOR	3.00	Director	$0	$0	$0
MIGUEL HERNANDEZ	DIRECTOR (THRU 5/8/24)	3.00	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	$2,653,009	$9,843	$15,824,747	$2,643,166
2023	$15,028,478	$7,369,253	$11,078,346	$7,659,225
2023	$2,014,774	$15,861	$13,092,259	$1,998,913
2022	$16,618,579	$14,864,860	$37,066,960	$1,753,719
2021	$16,150,700	$14,006,692	$37,717,601	$2,144,008

DIVISION HOUSING CORPORATION