KB25 HOUSING DEVELOPMENT FUND CORPORATION (EIN 470976556) - 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

ADAM WEINSTEIN

Phone

2122439090

Tax Period

2024-01-01 to 2024-12-31

KB25 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 43% operating deficit.

Mission

KB25 HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR PERSONS OF LOW AND MODERATE 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 $1,314,876

Investment Income $1,193

Other Revenue $11,646

TOTAL REVENUE $1,327,715

Expense Breakdown

Grants Paid $765,000

Salaries & Benefits $116,384

Fundraising Expenses $0

Program Expenses $1,753,376

Other Expenses $1,013,295

TOTAL EXPENSES $1,894,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,327,715	$1,345,394	0.0%
Expenses	$1,894,679	$1,224,233	+0.5%
Net Income	$-566,964	$121,161	-5.7%

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

N/A

Employees

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

$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
JAMES ROBERT PIGOTT JR	VICE PRESIDENT AND SECRETA	1.00	Officer Director	$0	$87,569	$454,550
LUKEMAN OGUNYINKA	TREASURER	1.00	Officer Director	$0	$9,964	$367,205
MATTHEW KELLY	OUTGOING 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
2024	$1,327,715	$1,894,679	$14,331,668	$-566,964
2023	$1,345,394	$1,224,233	$15,017,009	$121,161
2022	$1,157,387	$1,929,669	$14,959,638	$-772,282
2022	$1,157,387	$1,929,669	$14,959,638	$-772,282
2021	$1,060,355	$1,418,629	$15,497,020	$-358,274
2020	$1,087,699	$1,316,035	$15,872,026	$-228,336
2019	$1,178,295	$1,297,900	$16,297,846	$-119,605
2018	$945,227	$1,615,911	$16,551,721	$-670,684

KB25 HOUSING DEVELOPMENT FUND CORPORATION