DALY 180 HOUSING DEVELOPMENT FUND CORPORATION (EIN 462496701) - 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

LUKEMAN OGUNYINKA

Phone

2122439090

Tax Period

2024-07-01 to 2025-06-30

DALY 180 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 32% operating deficit.

Mission

DALY 180 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE AN 84-UNIT RESIDENTIAL BUILDING LOCATED IN BRONX, NY, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,907,839

Investment Income $13,635

Other Revenue $54,191

TOTAL REVENUE $1,975,665

Expense Breakdown

Grants Paid $392,108

Salaries & Benefits $201,139

Fundraising Expenses $0

Program Expenses $2,442,613

Other Expenses $2,004,905

TOTAL EXPENSES $2,598,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,975,665	$1,865,251	+0.1%
Expenses	$2,598,152	$2,462,045	+0.1%
Net Income	$-622,487	$-596,794	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$2,557,761

Total Directors

$1,865,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT/CEO	1.00	Officer Director	$0	$180,441	$1,043,975
BART MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ROBERT PIGOTT JR	VICE PRESIDENT AND SECRETARY	1.00	Officer Director	$0	$87,569	$454,550
LUKEMAN OGUNYINKA	TREASURER	1.00	Officer Director	$0	$9,964	$367,205
MATTHEW KELLY	VICE PRESIDENT	1.00	Officer	$0	$70,079	$311,460
MICHAEL WADMAN	VICE PRESIDENT	1.00	Officer	$0	$59,437	$380,571

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	$1,975,665	$2,598,152	$4,599,310	$-622,487
2024	No data	No data	No data	No data
2023	$1,808,062	$2,118,811	$5,922,969	$-310,749
2022	$1,642,965	$2,028,135	$6,067,612	$-385,170
2021	$4,208,429	$1,975,487	$6,589,431	$2,232,942
2020	$2,169,232	$1,822,194	$6,611,808	$347,038
2019	$1,276,595	$1,851,343	$5,994,579	$-574,748
2018	$1,205,516	$1,694,626	$6,363,959	$-489,110

DALY 180 HOUSING DEVELOPMENT FUND CORPORATION