HOUSING WORKS LYMAN PROSPECT HDFC (EIN 464555144) - 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

CHARLES KING

Phone

3474737400

Tax Period

2023-07-01 to 2024-06-30

HOUSING WORKS LYMAN PROSPECT HDFC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $305K in total revenue in fiscal year 2023. Expenses of $401K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE HOUSING FOR FORMERLY HOMELESS PERSONS OF LOW INCOME WITH AIDS OR HIV-RELATED ILLNESSES.

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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 $291,008

Investment Income $0

Other Revenue $13,506

TOTAL REVENUE $304,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $401,123

Other Expenses $401,123

TOTAL EXPENSES $401,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,514	$302,476	+0.0%
Expenses	$401,123	$537,234	-0.3%
Net Income	$-96,609	$-234,758	-0.6%

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

$1,031,394

Total Directors

$757,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$35,201	$283,789
CHARLES KING	CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$20,958	$473,511
EARL WARD ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER (OUTGOING)	1.00	Officer	$0	$7,199	$274,094

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	No data	No data	No data	No data
2024	$304,514	$401,123	$566,366	$-96,609
2023	$302,476	$537,234	$580,982	$-234,758
2022	$223,311	$343,694	$709,996	$-120,383
2021	$138,277	$383,027	$585,382	$-244,750
2020	$358,278	$334,841	$641,810	$23,437
2019	$365,571	$799,160	$708,439	$-433,589
2018	$480,182	$678,567	$1,062,683	$-198,385

HOUSING WORKS LYMAN PROSPECT HDFC