ACTORS FUND HOUSING DEVELOPMENT CORPORATION (EIN 800522071) - 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

2009

Legal Domicile

Principal Officer

JOSEPH BENINCASA

Phone

2122217300

Tax Period

2024-01-01 to 2024-12-31

ACTORS FUND HOUSING DEVELOPMENT CORPORATION, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Net assets of $9.2M represent 26 months of operating reserves.

Mission

TO DEVELOP AFFORDABLE HOUSING FOR THE PERFORMING ARTS & ENTERTAINMENT COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $947,346

Program Service Revenue $2,540,427

Investment Income $819,414

Other Revenue $0

TOTAL REVENUE $4,307,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,995

Fundraising Expenses $0

Program Expenses $4,513,377

Other Expenses $4,246,816

TOTAL EXPENSES $4,544,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,307,187	$18,171,689	-0.8%
Expenses	$4,544,811	$3,991,288	+0.1%
Net Income	$-237,624	$14,180,401	-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

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

$2,364,329

Total Directors

$2,766,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BENINCASA	PRESIDENT	10.00	Officer Director	$0	$91,971	$1,004,062
DANIEL ARNOW - VICE PRESIDENT	& EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$16,075	$189,517
KEITH MCNUTT	VICE PRESIDENT	10.00	Officer Director	$0	$78,448	$332,161
BARBARA DAVIS	SECRETARY	10.00	Officer Director	$0	$112,457	$622,808
KAREN WANG	TREASURER	10.00	Officer Director	$0	$49,071	$215,781
ROBERT WANKEL	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN ESCOFFERY	DIRECTOR (AS OF 09/2024)	1.00	Director	$0	$0	$0
ABBY HAMLIN	DIRECTOR	1.00	Director	$0	$0	$0
IRWIN JAY DEUTCH	DIRECTOR	1.00	Director	$0	$0	$0
ROCCO LANDESMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEWART LANE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MARCHETTA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCDONOUGH	DIRECTOR (AS OF 09/2024)	1.00	Director	$0	$0	$0
MARCUS RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ROWDEN	DIRECTOR	1.00	Director	$0	$0	$0
TONY SALAZAR	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SEGURA	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN STROHL	DIRECTOR	1.00	Director	$0	$102,048	$401,791
DAVID WALSH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WEISS	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
JOSEPH WENDER	DIRECTOR (THRU 06/2024)	1.00	Director	$0	$0	$0
CONNIE YOO	FORMER TREASURER	0.00		$0	$100,418	$446,440

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	$4,307,187	$4,544,811	$29,567,180	$-237,624
2023	$18,171,689	$3,991,288	$31,147,405	$14,180,401
2022	$2,701,938	$3,679,532	$16,892,978	$-977,594
2021	$2,696,190	$3,407,290	$17,340,144	$-711,100
2020	$3,685,702	$3,231,265	$17,219,910	$454,437
2019	$3,695,274	$3,540,922	$17,640,627	$154,352
2018	$2,315,299	$3,130,486	$26,331,263	$-815,187

ACTORS FUND HOUSING DEVELOPMENT CORPORATION