NYCHA III PARENT HOUSING DEVELOPMENT FUND CORPORATION

EIN: 460916438 Housing & Shelter

NEW YORK, NY

Total Revenue
$147,391
Total Expenses
N/A
Total Assets
$1,415,871
Net Assets
$1,415,871
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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
LISA BOVA-HIATT
Phone
2123063000
Tax Period
2024-01-01 to 2024-12-31

NYCHA III PARENT HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSE OF DEVELOPING A HOUSING PROJECT FOR PERSONS OF 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $147,391
Investment Income $0
Other Revenue $0
TOTAL REVENUE $147,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $147,391 $3,393,625 -1.0%
Expenses N/A $3,375,795 -1.0%
Net Income N/A $17,830 N/A
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
4
Independent Members
1
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
6
$2,240,313
Total Directors
4
$1,286,787
Key Employees
1
$333,402
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR A GONZALEZ MEMBER 0.10
Director
$0 $0 $4,455
LISA BOVA-HIATT PRESIDENT & CEO 0.10
Officer Director
$0 $96,272 $527,354
EVA TRIMBLE VICE PRESIDENT 0.10
Officer Director
$0 $73,039 $387,404
DAVID ROHDE SECRETARY AND TREASURER 0.10
Officer Director
$0 $46,075 $367,574
GEORGIANA OKOROJI ASSISTANT TREASURER 0.10
Officer
$0 $36,943 $294,722
JEFFREY LESNOY CHIEF ACCOUNTING OFFICER 0.10
Officer
$0 $55,922 $300,122
ANNIKA LESCOTT-MARTINEZ FIRST FINANCIAL OFFICER 0.10
Officer
$0 $75,697 $363,137
JONATHAN GOUVEIA EVP - REAL ESTATE 0.10
Key Emp
$0 $45,721 $333,402
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 $147,391 No data $1,415,871 No data
2023 $3,393,625 $3,375,795 $1,268,480 $17,830
2022 $3,095,749 $3,102,870 $1,402,150 $-7,121
2021 $4,462,418 $4,359,009 $1,911,508 $103,409
2020 $8,730,229 $8,308,220 $1,196,963 $422,009
2019 $28,812,064 $28,449,864 $26,653,202 $362,200
2018 $3,240,063 $3,198,463 $296,702 $41,600
2017 $15,610,438 $15,360,317 $250,121 $250,121
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