DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION HOUSING DEVELOPMENT FUND CORPORATION

EIN: 760709606 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$21,928,307
Total Expenses
$21,138,659
Total Assets
$64,668,676
Net Assets
$30,856,512
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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
NY
Principal Officer
ARLINE PARKS
Phone
7182929222
Tax Period
2023-01-01 to 2023-12-31

DIEGO BEEKMAN MUTUAL HOUSING ASSOCIATION HOUSING DEVELOPMENT FUND CORPORATION, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $21.9M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $21.1M left a modest 4% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE QUALITY AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,255,304
Investment Income $427,622
Other Revenue $245,381
TOTAL REVENUE $21,928,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,689,019
Fundraising Expenses $0
Program Expenses $18,359,538
Other Expenses $14,449,640
TOTAL EXPENSES $21,138,659

Year-over-Year Comparison

2023 2022 Change
Revenue $21,928,307 $30,092,590 -0.3%
Expenses $21,138,659 $23,430,434 -0.1%
Net Income $789,648 $6,662,156 -0.9%
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

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Governance

Voting Members
5
Independent Members
4
Employees
112
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
4
$258,464
Total Directors
5
$258,464
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARLINE PARKS CEO 40.00
Officer Director
$221,809 $36,655 $258,464
ANDREW REICHER BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARIA ORTIZ SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL PHILPS TREASURER 1.00
Officer Director
$0 $0 $0
JOHNINE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
LUIS A RIVERA SECURITY DIRECTOR 40.00
Highest
$131,232 $5,498 $136,730
ANSON ALFONSO SECURITY GUARD 40.00
Highest
$127,796 $16,775 $144,571
DARIO DELACRUZ SECURITY GUARD 40.00
Highest
$118,852 $20,635 $139,487
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 $21,928,307 $21,138,659 $64,668,676 $789,648
2022 $30,092,590 $23,430,434 $62,076,624 $6,662,156
2021 $24,267,142 $20,469,781 $60,873,005 $3,797,361
2020 $22,445,283 $20,568,124 $55,006,826 $1,877,159
2019 $22,713,063 $18,940,874 $52,000,216 $3,772,189
2019 $23,300,184 $20,550,129 $50,313,639 $2,750,055
2018 $22,444,616 $18,871,130 $47,140,504 $3,573,486
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