BOSTON TREMONT HOUSING DEVELOPMENT FUND CORPORATION

EIN: 474953714 Housing & Shelter

NEW YORK, NY

Total Revenue
$14,429,781
Total Expenses
$11,780,873
Total Assets
$20,985,367
Net Assets
$16,697,232
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
ADAM WEINSTEIN
Phone
2122439090
Tax Period
2024-01-01 to 2024-12-31

BOSTON TREMONT HOUSING DEVELOPMENT FUND CORPORATION, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $2.6M, a strong 18% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN NEW YORK CITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,138,686
Investment Income $234,097
Other Revenue $56,998
TOTAL REVENUE $14,429,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,236,771
Fundraising Expenses $0
Program Expenses $9,986,623
Other Expenses $8,544,102
TOTAL EXPENSES $11,780,873

Year-over-Year Comparison

2024 2023 Change
Revenue $14,429,781 $15,313,989 -0.1%
Expenses $11,780,873 $12,764,039 -0.1%
Net Income $2,648,908 $2,549,950 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
51
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
5
$2,557,761
Total Directors
3
$1,865,730
Key Employees
0
$0
Highest Compensated
2
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
EFRAIN MORALES MAINTENACE SUPERVISOR 40.00
Highest
$114,122 $1,329 $115,451
KEVIN HORNE FACILITIES DIRECTOR 40.00
Highest
$119,857 $921 $120,778
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 $14,429,781 $11,780,873 $20,985,367 $2,648,908
2023 $15,313,989 $12,764,039 $21,039,530 $2,549,950
2022 $15,029,377 $13,881,733 $19,612,383 $1,147,644
2022 $15,029,377 $13,881,733 $19,612,383 $1,147,644
2021 $24,917,100 $13,088,553 $28,761,784 $11,828,547
2020 $14,388,192 $13,083,548 $18,909,780 $1,304,644
2019 $14,902,281 $10,802,703 $19,311,527 $4,099,578
2018 $12,447,127 $10,879,846 $14,322,093 $1,567,281
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BOSTON TREMONT HOUSING DEVELOPMENT FUND CORPORATION with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.