NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN (BEDFORD STUYVESANT) CDC INC

EIN: 471717438 501(c)(3) Human Services

BROOKLYN, NY

Total Revenue
$1,836,560
Total Expenses
$1,730,054
Total Assets
$1,106,060
Net Assets
$938,678
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
RICHARD TROUTH
Phone
7189192100
Tax Period
2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN (BEDFORD STUYVESANT) CDC INC, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 6% surplus.

Mission

The organizations mission is to revitalize underserved communities by creating and preserving affordable housing opportunities and increasing financial empowerment while promoting neughborhood stabilization. We are lead by local residents and guided by local needs.

Program Service Accomplishments

Program 1
Expenses: $620,750 Revenue: $825,000

HOME PURCHASE/OWNERSHIP GRANTS AHC

Program 2
Expenses: $193,125 Revenue: $80,000

HOME REPAIR GRANTS

Program 3
Expenses: $57,223 Revenue: $106,421

NORC EDUCATION ASSISTANCE OUTREACH AND OTHER PROGRAMS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,832,610
Program Service Revenue $3,701
Investment Income $249
Other Revenue $0
TOTAL REVENUE $1,836,560

Expense Breakdown

Grants Paid $813,875
Salaries & Benefits $612,772
Fundraising Expenses $26,518
Program Expenses $1,494,986
Other Expenses $295,907
TOTAL EXPENSES $1,730,054

Year-over-Year Comparison

2024 2023 Change
Revenue $1,836,560 $1,157,571 +0.6%
Expenses $1,730,054 $1,058,221 +0.6%
Net Income $106,506 $99,350 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
6
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
4
$0
Total Directors
11
$136,921
Key Employees
1
$136,921
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD TROUTH EXECUTIVE DIRECTOR 040.00
Director Key Emp Highest
$136,921 $0 $136,921
JAMES C DURRAH BOARD CHAIRMAN 002.00
Officer Director
$0 $0 $0
BETTY ESTATON SECRETARY 002.00
Officer Director
$0 $0 $0
JAYESH GAJJAR TREASURER 002.00
Officer Director
$0 $0 $0
SUNDRA L FRANKLIN DECEASED DIRECTOR 001.00
Director
$0 $0 $0
TYRONE PITTMAN DIRECTOR 001.00
Director
$0 $0 $0
TREMAINE WRIGHT DIRECTOR 001.00
Director
$0 $0 $0
BESSIE EDWARDS DIRECTOR 001.00
Director
$0 $0 $0
KIRNON JOAQUIM VICE CHAIR 002.00
Officer Director
$0 $0 $0
BRENA BRACY-SEALS DIRECTOR 001.00
Director
$0 $0 $0
ANGEL MELENDEZ DIRECTOR 001.00
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 $1,836,560 $1,730,054 $1,106,060 $106,506
2023 $1,157,571 $1,058,221 $1,020,647 $99,350
2022 $986,331 $931,841 $902,008 $54,490
2021 $801,648 $782,466 $839,212 $19,182
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