NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION (EIN 464061174) - 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

BENJAMIN FULLER-GOOGINS

Phone

7182404111

Tax Period

2024-07-01 to 2025-06-30

NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $401K in total revenue in fiscal year 2024. Expenses of $553K exceeded revenue, resulting in a 38% operating deficit.

Mission

NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION (HDFC) ACQUIRED AND REHABILITATED FIVE LOW-INCOME HOUSING BUILDINGS LOCATED IN BROOKLYN. THESE BUILDINGS HAVE IN TOTAL 44 UNITS RENTED TO ELIGIBLE TENANTS.

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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 $286,528

Investment Income $0

Other Revenue $114,233

TOTAL REVENUE $400,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,738

Fundraising Expenses $0

Program Expenses $545,383

Other Expenses $503,988

TOTAL EXPENSES $552,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,761	$406,754	0.0%
Expenses	$552,726	$486,989	+0.1%
Net Income	$-151,965	$-80,235	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN FULLER-GOOGINS	EXECUTIVE DI	1.00	Officer	$0	$0	$0
CYNTHIA GONZALES	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENJAMIN M LEVINE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GEORGE FIALA	TREASURER	1.00	Officer 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
2025	$400,761	$552,726	$2,621,569	$-151,965
2024	No data	No data	No data	No data
2023	$434,739	$587,621	$2,598,032	$-152,882
2022	$458,750	$581,212	$2,607,114	$-122,462
2021	$435,367	$545,522	$2,652,764	$-110,155
2020	$437,589	$516,478	$2,767,482	$-78,889
2019	$420,382	$567,795	$2,753,980	$-147,413
2018	$378,191	$514,917	$2,848,505	$-136,726

NELSON LUQUER HOUSING DEVELOPMENT FUND CORPORATION