HARLEM TENANTS ASSOCIATION INC

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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

1970

Legal Domicile

Principal Officer

LAVITA HOLMES

Phone

4077326850

Tax Period

2025-02-01 to 2026-01-31

HARLEM TENANTS ASSOCIATION INC, founded in 1970, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $1,630,740 Revenue: $1,740,089

HARLEM TENANTS ASSOCIATION PROVIDES HOUSING FOR 126 FAMILIES OF LOW AND MODERATE INCOME. HARMLEM TENANTS ASSOCIATION HELPS ADVANCE AND PROMOTE THE SUSTAINABILITY FOR THE WELFARE OF THE COMMUNITY. THE ASSOCIATION PROMOTES HEALTHY FAMILIES BY PROVIDING A 2-ACRE COMMUNITY GARDEN. THE ASSOCIATION ALSO PROVIDES COMMUNITY AWARENESS AND CULTURE AWARENESS BY PROVIDING A COMMUNITY PARK. HTA PROVIDES AN ELECTRONIC DIGITAL SIGN TO KEEP THE COMMUNITY AWARE OF ALL EVENTS. THE ASSOCIATION PROVIDES MENTORING AND APPRENTICESHIP. THE RESOURCE ROOM IS EQUIPPED FOR TRAINING AND MEETING. THE FOOD DISTRIBUTION PROGRAM PROVIDES FOOD FOR SENIOR CITIZENS AND A SUMMER FEEDING PROGRAM FOR CHILDREN. THE ASSOCIATION BUILT AN AMPHITHEATER BY CORPORATE SPONSORS THAT WAS COMPLETED IN 2025. A MONUMENTAL BRIDGE WAS ALSO BUILT IN 2025 FROM CORPORATE SPONSORSHIP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,740,089

Investment Income $7,567

Other Revenue $0

TOTAL REVENUE $1,747,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,676

Fundraising Expenses $0

Program Expenses $1,630,740

Other Expenses $1,455,091

TOTAL EXPENSES $1,752,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,747,656	$1,510,654	+0.2%
Expenses	$1,752,767	$1,713,314	+0.0%
Net Income	$-5,111	$-202,660	-1.0%

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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVITA HOLMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
VIK MOOSAI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLANN J JACKSAN HONORS	SECRETARY	1.00	Officer Director	$0	$0	$0
KRYSTAL CHAPPELL	TREASURER	1.00	Officer Director	$0	$0	$0
JANET TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LATROY MONROE	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE WARREN	BOARD MEMBER	1.00	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
2026	$1,747,656	$1,752,767	$1,294,812	$-5,111
2025	$1,510,654	$1,713,314	$1,455,020	$-202,660
2024	$1,454,739	$1,604,040	$1,651,976	$-149,301
2023	$1,468,446	$1,527,169	$1,763,025	$-58,723
2022	$1,368,500	$1,646,810	$1,748,755	$-278,310
2021	$1,441,589	$1,320,237	$2,002,922	$121,352
2020	$1,381,471	$1,405,407	$1,852,884	$-23,936
2019	$1,373,913	$1,235,269	$1,881,699	$138,644