287 HOUSING DEVELOPMENT FUND CORPORATION (EIN 461958016) - 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

KRISTEN ANDREAZZA

Phone

2122656530

Tax Period

2023-01-01 to 2023-12-31

287 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2023. Expenses of $377K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ACQUISITION, DEVELOPMENT AND MANAGEMENT OF 20 AFFORDABLE RESIDENTIAL HOUSING UNITS LOCATED AT 287 WEST 150TH STREET IN NEW YORK CITY.

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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 $295,819

Investment Income $0

Other Revenue $2,205

TOTAL REVENUE $298,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,705

Other Expenses $377,128

TOTAL EXPENSES $377,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,024	$294,257	+0.0%
Expenses	$377,128	$385,421	0.0%
Net Income	$-79,104	$-91,164	-0.1%

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

N/A

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

$671,959

Total Directors

$671,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA SEWELL	PRESIDENT	0.25	Officer Director	$0	$38,386	$328,408
FAZEELA SIDDIQUI	VICE PRESIDENT	0.25	Officer Director	$0	$27,311	$134,355
JACQUELINE TOM	SECRETARY/TREASURER	0.25	Officer Director	$0	$16,579	$209,196

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	$298,024	$377,128	$3,320,286	$-79,104
2022	$294,257	$385,421	$3,398,560	$-91,164
2021	$292,334	$380,882	$3,501,881	$-88,548
2020	$282,508	$368,029	$3,558,642	$-85,521
2019	$279,077	$388,758	$3,642,502	$-109,681
2018	$354,561	$318,556	$3,752,345	$36,005

287 HOUSING DEVELOPMENT FUND CORPORATION