BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)722 HENRY STREET APARTMENTS HDFC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $206K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $287K exceeded revenue, resulting in a 39% operating deficit.
THE ORGANIZATION WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING, AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW-INCOME WITHIN THE MEANING OF ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW. THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM ALL ACTS NECESSARY TO ACCOMPLISH THE ABOVE-MENTIONED PURPOSE, INCLUDING BUT NOT LIMITED TO OBTAINING A LOAN PURSUANT TO ARTICLE VIII OR ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW.
THE 722 HENRY STREET PROJECT IS THE FIRST AFFORDABLE HOUSING DEVELOPMENT IN RED HOOK OF CARROLL GARDENS ASSOCIATION, INC. THIS BUILDING PROVIDES 16 SPACIOUS APARTMENTS, WITH 30% OF THE UNITS SET...
THE 722 HENRY STREET PROJECT IS THE FIRST AFFORDABLE HOUSING DEVELOPMENT IN RED HOOK OF CARROLL GARDENS ASSOCIATION, INC. THIS BUILDING PROVIDES 16 SPACIOUS APARTMENTS, WITH 30% OF THE UNITS SET ASIDE FOR COMMUNITY RESIDENTS AND 30% FOR HOMELESS FAMILIES AND INDIVIDUALS. THE ORGANIZATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 16 APARTMENT UNITS. 722 HENRY STREET APARTMENTS HDFC WAS REPOSITIONED ON SEPTEMBER 25,2012. OWNERSHIP WAS TRANSFERRED FROM THE HENRY STREET ASSOCIATES LIMITED PARTNERSHIP TO THE 722 HENRY STREET APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, AN ENTITY 100% OWNED BY THE CARROLL GARDENS ASSOCIATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $206,058 | $175,136 | +0.2% |
| Expenses | $286,957 | $262,963 | +0.1% |
| Net Income | $-80,899 | $-87,827 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CYNTHIA GONZALEZ | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VILMA HERAMIA | EXECUTIVE DI | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| BENJAMIN M LEVINE | VICE-PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VICTOR J PAPA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $206,058 | $286,957 | $920,359 | $-80,899 |
| 2022 | $175,136 | $262,963 | $851,675 | $-87,827 |
| 2021 | $240,683 | $284,564 | $903,858 | $-43,881 |
| 2020 | $232,273 | $308,198 | $1,001,416 | $-75,925 |
| 2019 | $231,265 | $371,488 | $1,017,935 | $-140,223 |
| 2018 | $230,221 | $254,959 | $1,047,540 | $-24,738 |
Compare 722 HENRY STREET APARTMENTS HDFC with other nonprofits in New York and across the country.