NHDC FOREST HILLS APARTMENTS INC (EIN 593728338) - 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

2001

Legal Domicile

Principal Officer

TOM PENTOLINO

Phone

9094832444

Tax Period

2023-01-01 to 2023-12-31

NHDC FOREST HILLS APARTMENTS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $826K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $161K, a strong 19% operating margin.

Mission

PROVIDING AFFORDABLE RENTAL HOUSING THAT EMPOWERS LOW-INCOME RESIDENTS AND CHANGES COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $826,099

Investment Income $273

Other Revenue $0

TOTAL REVENUE $826,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,388

Fundraising Expenses $0

Program Expenses $520,148

Other Expenses $556,072

TOTAL EXPENSES $665,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$826,372	$762,762	+0.1%
Expenses	$665,460	$479,335	+0.4%
Net Income	$160,912	$283,427	-0.4%

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

$753,084

Total Directors

$753,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RUANE	PRESIDENT	1.00	Officer Director	$0	$26,000	$244,230
ROBERT DIAZ	EXECUTIVE VP/SECRETARY/GENERAL COUNSEL	0.90	Officer Director	$0	$20,727	$267,382
MICHAEL FINN	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$30,000	$241,472

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	No data	No data	No data	No data
2023	$826,372	$665,460	$2,194,432	$160,912
2022	$762,762	$479,335	$2,064,882	$283,427
2021	$596,911	$490,336	$1,806,808	$106,575
2020	$482,777	$469,861	$1,726,877	$12,916
2019	$492,646	$449,252	$1,738,106	$43,394
2018	$481,256	$437,580	$1,718,479	$43,676

NHDC FOREST HILLS APARTMENTS INC