479 COURTLANDT AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 461021430) - 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

2013

Legal Domicile

Principal Officer

SALVATORE GIGANTE

Phone

3477262547

Tax Period

2023-01-01 to 2023-12-31

479 COURTLANDT AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $358K in total revenue in fiscal year 2023. Expenses of $453K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE COMPANY OWNS AND OPERATES LOW INCOME HOUSING IN THE SOUTH BRONX.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $353,500

Investment Income $4,461

Other Revenue $0

TOTAL REVENUE $357,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,591

Fundraising Expenses $0

Program Expenses $412,501

Other Expenses $400,795

TOTAL EXPENSES $453,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,961	$365,986	0.0%
Expenses	$453,386	$387,733	+0.2%
Net Income	$-95,425	$-21,747	+3.4%

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

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

$251,995

Total Directors

$251,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENRICO BOCCIA	CHAIR	0.05	Officer Director	$0	$0	$0
EVELYN VELAZQUEZ	TREASURER/SE	0.05	Officer Director	$0	$0	$0
SALVATORE GIGANTE	VICE PRESIDE	0.30	Officer Director	$0	$0	$251,995
SONAL SHAH	CONTROLLER	N/A	Highest	$0	$0	$139,248

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	No data	No data	No data	No data
2023	$357,961	$453,386	$2,065,297	$-95,425
2022	$365,986	$387,733	$2,058,606	$-21,747
2021	$407,298	$425,377	$2,079,159	$-18,079
2020	$393,923	$403,044	$2,111,700	$-9,121
2019	$415,279	$397,467	$2,069,200	$17,812
2018	$397,695	$392,431	$2,062,297	$5,264

479 COURTLANDT AVENUE HOUSING DEVELOPMENT FUND CORPORATION