BREMOND KING DAVIS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 473791580) - 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

2019

Legal Domicile

Principal Officer

THOMAS YU

Phone

2129642288

Tax Period

2022-01-01 to 2022-12-31

BREMOND KING DAVIS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2019, is a small nonprofit that reported $958K in total revenue in fiscal year 2022. Expenses of $1.7M exceeded revenue, resulting in a 78% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF DEVELOPING, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN NEW YORK CITY WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

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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 $0

Program Service Revenue $947,367

Investment Income $9,938

Other Revenue $806

TOTAL REVENUE $958,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,342

Fundraising Expenses $0

Program Expenses $1,573,731

Other Expenses $1,550,926

TOTAL EXPENSES $1,702,268

Year-over-Year Comparison

	2022	2021	Change
Revenue	$958,111	$901,826	+0.1%
Expenses	$1,702,268	$1,602,235	+0.1%
Net Income	$-744,157	$-700,409	+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

Governance

Voting Members

Independent Members

N/A

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

$993,120

Total Directors

$886,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HSUEH LAM YAN	SECRETARY	1.00	Officer Director	$0	$13,682	$177,261
JENNIFER SUN	CO-EXECUTIVE DIRECTOR (OUTGOING)	1.00	Officer Director	$0	$40,689	$200,749
NELSON CHAN	TREASURER	1.00	Officer Director	$0	$43,741	$186,723
THOMAS YU	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$53,087	$321,349
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER	1.00	Officer	$0	$10,776	$107,038

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
2022	$958,111	$1,702,268	$4,629,539	$-744,157
2021	$901,826	$1,602,235	$5,369,066	$-700,409

BREMOND KING DAVIS HOUSING DEVELOPMENT FUND COMPANY INC