ICL MYRTLE AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 474658047) - 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

2015

Legal Domicile

Principal Officer

Rondel Boodram

Phone

8778295500

Tax Period

2024-07-01 to 2025-06-30

ICL MYRTLE AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $475K in total revenue in fiscal year 2024. The organization ran a surplus of $224K, a strong 47% operating margin.

Mission

TO PROVIDE SUPPORTIVE HOUSING SERVICE.

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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 $475,258

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,788

Other Expenses $250,788

TOTAL EXPENSES $250,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,258	$475,258	N/A
Expenses	$250,788	$258,951	0.0%
Net Income	$224,470	$216,307	+0.0%

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

$918,676

Total Directors

$918,676

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jody Rudin	Chair person	0.50	Officer Director	$0	$37,751	$553,565
Nikant Ohri	Former treasurer	0.50		$0	$17,499	$323,215
Troy Boyle	Secretary	0.50	Officer Director	$0	$17,071	$275,450
Twiggy Rodriguez	Former secretary	0.50		$0	$16,961	$159,565
Rondel Boodram	Treasurer	0.50	Officer Director	$0	$6,934	$89,661

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	$475,258	$250,788	$8,369,616	$224,470
2024	$475,258	$258,951	$8,369,616	$216,307
2023	$475,258	$266,818	$8,369,616	$208,440
2022	$475,258	$274,398	$8,369,616	$200,860
2021	$475,258	$281,702	$8,369,616	$193,556
2020	$475,258	$288,742	$8,369,616	$186,516
2019	$475,258	$295,525	$8,369,616	$179,733
2018	$475,258	$302,060	$8,369,616	$173,198

ICL MYRTLE AVENUE HOUSING DEVELOPMENT FUND CORPORATION