Bay House Housing Development Fund Corporation (EIN 475248224) - 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

RICHARD NIGHTINGALE

Phone

9143452800

Tax Period

2024-01-01 to 2024-12-31

Bay House Housing Development Fund Corporation, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $184K in total revenue in fiscal year 2024. Expenses of $281K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO DEVELOP 157 BRUCE AVE IN YONKERS NY FOR THE PURPOSE OF CREATING THE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES ON REAL PROPERTY TO BE OWNED BY THE CORPORATION.

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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 $86,093

Program Service Revenue $88,800

Investment Income $9,350

Other Revenue $0

TOTAL REVENUE $184,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,863

Fundraising Expenses $0

Program Expenses $269,854

Other Expenses $195,201

TOTAL EXPENSES $281,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,243	$179,420	+0.0%
Expenses	$281,064	$254,117	+0.1%
Net Income	$-96,821	$-74,697	+0.3%

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

Employees

N/A

Volunteers

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

$534,607

Total Directors

$534,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD NIGHTINGALE	secretary/treasurer	1.0	Officer Director	$0	$53,979	$534,607
JESSE KRASNOW	president	1.0	Officer Director	$0	$0	$0
JEFFERSON BOYCE	DIRECTOR	1.0	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	$184,243	$281,064	$4,006,581	$-96,821
2023	$179,420	$254,117	$4,099,843	$-74,697
2022	$163,160	$249,871	$4,176,448	$-86,711
2021	$153,047	$219,485	$4,249,835	$-66,438
2020	$143,721	$211,041	$4,316,580	$-67,320
2019	$145,474	$207,116	$4,381,725	$-61,642
2018	$143,843	$207,123	$4,448,053	$-63,280

Bay House Housing Development Fund Corporation