MANDELA II HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 454214739 501(c)(3) Education

NEW YORK, NY

Total Revenue
$478,356
Total Expenses
$665,197
Total Assets
$2,754,523
Net Assets
$-1,817,738
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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
2012
Legal Domicile
NY
Phone
2126784410
Tax Period
2023-07-01 to 2024-06-30

MANDELA II HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2012, is a small nonprofit in the Education sector that reported $478K in total revenue in fiscal year 2023. Expenses of $665K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE ADEQUATE LOW INCOME HOUSING FOR THE MANHATTAN VALLEY AREA OF MANHATTAN.

Program Service Accomplishments

Program 1
Expenses: $613,841 Revenue: $460,173

ALL EXPENSES RELATED TO MAINTAIN AND MANAGE THE BUILDING AT MANDELA II 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $460,117
Investment Income $18,183
Other Revenue $56
TOTAL REVENUE $478,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $613,841
Other Expenses $665,197
TOTAL EXPENSES $665,197

Year-over-Year Comparison

2023 2022 Change
Revenue $478,356 $451,857 +0.1%
Expenses $665,197 $634,681 +0.0%
Net Income $-186,841 $-182,824 +0.0%
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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Governance

Voting Members
3
Independent Members
2
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
1
$130,210
Total Directors
3
$130,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN P BAEZ Vice President 1.00
Officer Director
$0 $3,715 $130,210
JOHN P DUFFELL President 1.00
Director
$0 $0 $0
SANDRA B POWERS Treasurer/Secy 1.00
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
2025 No data No data No data No data
2024 $478,356 $665,197 $2,754,523 $-186,841
2023 $451,757 $634,681 $2,807,440 $-182,924
2020 $392,819 $661,011 $2,973,386 $-268,192
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