NAZARETH HOUSE HOUSING DEVELOPMENT FUND CORPORATION (EIN 522264227) - 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

2000

Legal Domicile

Principal Officer

RACHEL LEVINE

Phone

2127771010

Tax Period

2024-07-01 to 2025-06-30

NAZARETH HOUSE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 72% operating deficit.

Mission

PROVIDE TRANSITIONAL & PERMANENT HOUSING TO LOW INCOME FAMILIES IN THE LOWER EAST SIDE OF NYC.

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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 $64,266

Program Service Revenue $114,099

Investment Income $11

Other Revenue $0

TOTAL REVENUE $178,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,716

Other Expenses $305,969

TOTAL EXPENSES $305,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,376	$242,811	-0.3%
Expenses	$305,969	$327,956	-0.1%
Net Income	$-127,593	$-85,145	+0.5%

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

$164,941

Total Directors

$164,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL LEVINE	EXECUTIVE DIRECTOR	3.00	Officer Director	$0	$9,341	$164,941
STEVE WRONSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSS M SARRAF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BENNETTE KRAMER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY-KAY ORR	TRUSTEE	1.00	Director	$0	$0	$0
MARY BETH HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
DEENAH MINOR	DIRECTOR OF FINANCE AS OF 5/25	1.00	Officer	$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
2025	$178,376	$305,969	$1,437,733	$-127,593
2024	$242,811	$327,956	$1,610,002	$-85,145
2023	$192,701	$288,351	$1,710,994	$-95,650
2022	$178,160	$312,764	$1,789,473	$-134,604
2021	$183,462	$288,893	$1,917,886	$-105,431
2020	$193,618	$278,586	$2,071,350	$-84,968
2019	$181,699	$275,644	$2,161,009	$-93,945
2018	$202,039	$277,842	$2,237,600	$-75,803

NAZARETH HOUSE HOUSING DEVELOPMENT FUND CORPORATION