FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION (EIN 470919280) - 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

2003

Legal Domicile

Phone

7182372017

Tax Period

2022-07-01 to 2023-06-30

FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $427K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $569K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $48,000

Program Service Revenue $372,712

Investment Income $119

Other Revenue $5,954

TOTAL REVENUE $426,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,785

Other Expenses $569,248

TOTAL EXPENSES $569,248

Year-over-Year Comparison

	2022	2021	Change
Revenue	$426,785	$474,019	-0.1%
Expenses	$569,248	$568,819	+0.0%
Net Income	$-142,463	$-94,800	+0.5%

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

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

$412,834

Total Directors

$412,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DE LA UZ	Secretary	0.50	Officer Director	$0	$10,691	$243,845
JAY MARCUS	Treasurer	0.50	Officer Director	$0	$35,101	$168,989
DANY CUNNINGHAM	President	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
2024	No data	No data	No data	No data
2023	$426,785	$569,248	$3,448,424	$-142,463
2022	$474,019	$568,819	$3,463,972	$-94,800
2021	$384,835	$619,310	$3,616,045	$-234,475
2020	$416,090	$614,941	$3,833,496	$-198,851

FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION