DONA PETRA SANTIAGO APARTMENTS HOUSING DEVELOPMENT FUND CORP

EIN: 800383860 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$616,370
Total Expenses
$1,042,541
Total Assets
$10,646,317
Net Assets
$-4,326,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
GEORGINA ACEVEDO
Phone
2126774772
Tax Period
2023-01-01 to 2023-12-31

DONA PETRA SANTIAGO APARTMENTS HOUSING DEVELOPMENT FUND CORP, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $616K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 69% operating deficit.

Mission

THE PROJECT IS AN 57-UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN NEW YORK, NY. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

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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 $615,796
Investment Income $574
Other Revenue $0
TOTAL REVENUE $616,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $961,329
Other Expenses $1,042,541
TOTAL EXPENSES $1,042,541

Year-over-Year Comparison

2023 2022 Change
Revenue $616,370 $625,528 0.0%
Expenses $1,042,541 $1,071,366 0.0%
Net Income $-426,171 $-445,838 0.0%
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

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Governance

Voting Members
4
Independent Members
4
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGINA ACEVEDO CHAIR 1.00
Officer Director
$0 $0 $0
RIKELMI MARTE VICE CHAIR 1.00
Director
$0 $0 $0
KEVIN MCALLISTER TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH FERNANDEZ SECRETARY 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
2024 No data No data No data No data
2023 $616,370 $1,042,541 $10,646,317 $-426,171
2022 $625,528 $1,071,366 $11,017,572 $-445,838
2021 $609,987 $968,812 $11,335,315 $-358,825
2020 $605,147 $1,065,198 $11,812,094 $-460,051
2019 $600,488 $935,580 $12,109,921 $-335,092
2018 $560,463 $926,170 $12,926,496 $-365,707
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