920 Prospect Gardens Housing Development Fund Corp (EIN 463830943) - 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

2014

Legal Domicile

Principal Officer

Raul Russi

Phone

7189933504

Tax Period

2024-01-01 to 2024-12-31

920 Prospect Gardens Housing Development Fund Corp, founded in 2014, is a small nonprofit that reported $835K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

OPERATION OF A 68 UNIT LOW-INCOME RESIDENTIAL HOUSING PROGRAM.

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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 $95,366

Program Service Revenue $713,205

Investment Income $26,419

Other Revenue $0

TOTAL REVENUE $834,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $960,272

Other Expenses $1,213,625

TOTAL EXPENSES $1,213,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,990	$845,620	0.0%
Expenses	$1,213,625	$1,243,295	0.0%
Net Income	$-378,635	$-397,675	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

N/A

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

$2,972,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raul Russi	President	0.0	Officer	$0	$101,830	$998,427
LYMARIS ALBORS	CHIEF EXECUTIVE OFFICER	0.0	Officer	$0	$56,068	$892,752
JOSE A RODRIGUEZ	CHIEF LEGAL OFFICER/EXECUTIVE	0.0	Officer	$0	$30,262	$592,593
VICKY GATELL	CHIEF FINANCIAL OFFICER	0.0	Officer	$0	$46,781	$488,994
Eliezer Rodriguez	Chair	1.0	Officer Director	$0	$0	$0
Kaleb Sanchez	vice chair	1.0	Officer Director	$0	$0	$0
Gilbert Hernandez	Secretary	1.0	Officer Director	$0	$0	$0
Pedro Falcon	Treasurer	1.0	Officer Director	$0	$0	$0
Arnie Segarra	Member	1.0	Director	$0	$0	$0

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	$834,990	$1,213,625	$5,970,162	$-378,635
2023	$845,620	$1,243,295	$6,156,011	$-397,675
2022	$816,199	$1,193,134	$6,355,870	$-376,935
2021	$826,714	$1,429,225	$6,730,449	$-602,511
2020	$836,258	$1,084,348	$6,802,209	$-248,090
2019	$886,712	$832,964	$6,992,109	$53,748
2018	$817,377	$900,423	$6,774,622	$-83,046

920 Prospect Gardens Housing Development Fund Corp