HOUSING WORKS 874 JEFFERSON AVENUE (EIN 611432867) - 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

1995

Legal Domicile

Principal Officer

CHARLES KING

Phone

3474737400

Tax Period

2022-07-01 to 2023-06-30

HOUSING WORKS 874 JEFFERSON AVENUE, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $107K in total revenue in fiscal year 2022. Expenses of $181K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $106,811

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,415

Other Expenses $181,415

TOTAL EXPENSES $181,415

Year-over-Year Comparison

	2022	2021	Change
Revenue	$106,811	$105,546	+0.0%
Expenses	$181,415	$141,861	+0.3%
Net Income	$-74,604	$-36,315	+1.1%

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

$1,120,933

Total Directors

$842,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BERNARDO	CHIEF OPERATING OFFICER	1.00	Officer Director	$0	$29,779	$369,232
CHARLES KING	PRESIDENT & CEO	1.00	Officer Director	$0	$16,962	$473,043
EARL WARD	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$5,416	$278,658

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$106,811	$181,415	$2,352,643	$-74,604
2022	$105,546	$141,861	$2,517,434	$-36,315
2021	$127,022	$151,667	$2,514,971	$-24,645
2020	$135,162	$182,349	$2,652,774	$-47,187
2019	$122,001	$214,334	$2,748,790	$-92,333
2018	$146,884	$122,875	$2,799,835	$24,009

HOUSING WORKS 874 JEFFERSON AVENUE