MARKUS GARDENS HOUSING DEVELOPMENT FUND CORPORATION

EIN: 454735722 Housing & Shelter

NEW YORK, NY

Total Revenue
$1,031,064
Total Expenses
$305,843
Total Assets
$18,225,530
Net Assets
$10,187,846
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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
Principal Officer
DANIEL K JOHANSSON
Phone
2122748558
Tax Period
2024-07-01 to 2025-06-30

MARKUS GARDENS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $725K, a strong 70% operating margin.

Mission

ASSIST IN DEVELOPMENT AND CONSTRUCTION OF LOW INCOME HOUSING FOR PERSONS WITH MENTAL ILLNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $859,321
Program Service Revenue $171,743
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,031,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $303,891
Other Expenses $305,843
TOTAL EXPENSES $305,843

Year-over-Year Comparison

2024 2023 Change
Revenue $1,031,064 $1,031,064 N/A
Expenses $305,843 $324,832 -0.1%
Net Income $725,221 $706,232 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
5

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
5
$818,031
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY S HOFFMAN MD PRESIDENT 0.10
Officer Director
$0 $0 $0
ROBERT JUDEM-CAUTIN LCSW SECRETARY 0.10
Officer Director
$0 $0 $0
JAMES B CLOONAN CFP TREASURER 0.10
Officer Director
$0 $0 $0
PETER BALDONADO LCSW DIRECTOR 0.10
Director
$0 $0 $0
DANIEL B GERARD DIRECTOR 0.10
Director
$0 $0 $0
ALEXANDER KHANDJI MD DIRECTOR 0.10
Director
$0 $0 $0
KENNETH MERLO ESQ DIRECTOR 0.10
Director
$0 $0 $0
RICHARD ROBERTS JD DIRECTOR 0.10
Director
$0 $0 $0
DANIEL K JOHANSSON EXECUTIVE VP & CEO 2.00
Officer
$0 $162,448 $542,980
BHASKAR SAHNI DIR. FINANCE & ADMIN 2.00
Officer
$0 $45,743 $275,051
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 $1,031,064 $305,843 $18,225,530 $725,221
2024 No data No data No data No data
2023 $1,031,066 $343,593 $17,885,370 $687,473
2022 $1,031,064 $361,722 $17,714,877 $669,342
2021 $1,031,064 $379,214 $17,544,410 $651,850
2020 $1,031,064 $395,523 $17,375,217 $635,541
2019 $1,031,064 $412,065 $17,203,475 $618,999
2018 $1,031,063 $428,979 $17,034,257 $602,084
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