GREGENE HOUSING DEVELOPMENT FUND C… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

VAL HENRY

Phone

2126655500

Tax Period

2023-01-01 to 2023-12-31

GREGENE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $377K in total revenue in fiscal year 2023. Expenses of $471K exceeded revenue, resulting in a 25% operating deficit.

Mission

GREGENE HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") HAS BEEN ORGANIZED EXCLUSIVELY TO ASSIST THE ACQUISITION AND OPERATION, ON A NONPROFIT BASIS, OF A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1

Expenses: $416,065 Revenue: $371,009

THE CORPORATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 34 APARTMENTS HOUSED IN FOUR MULTI-STORY BUILDINGS (THE "PROJECT"). SINCE THE PROJECT WAS DEVELOPED THROUGH PROCEEDS OF...

THE CORPORATION CONTINUED TO PROVIDE HOUSING TO LOW-INCOME TENANTS IN ITS 34 APARTMENTS HOUSED IN FOUR MULTI-STORY BUILDINGS (THE "PROJECT"). SINCE THE PROJECT WAS DEVELOPED THROUGH PROCEEDS OF LONG-TERM LOANS UNDER THE ARTICLE VIII OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK AND CITY OF NEW YORK HOUSING PRESERVATION AND DEVELOPMENT (HPD), THE CORPORATION CONTINUES TO OPERATE, MAINTAIN AND MANAGE THE PROJECT IN ACCORDANCE WITH THE REQUIREMENTS OF HPD, SPECIFICALLY IN TERMS OF ADMITTING ELIGIBLE TENANTS ONLY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $359,573

Investment Income $5,882

Other Revenue $11,436

TOTAL REVENUE $376,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,753

Fundraising Expenses $0

Program Expenses $416,065

Other Expenses $399,624

TOTAL EXPENSES $471,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,891	$358,039	+0.1%
Expenses	$471,377	$415,211	+0.1%
Net Income	$-94,486	$-57,172	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$190,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAL HENRY	EXECUTIVE DI	1.00	Officer	$0	$7,170	$190,738
CHARLES THOMAS	CHAIRMAN	0.25	Officer Director	$0	$0	$0
ALECIA D MASON	VICE CHAIRMA	0.25	Officer Director	$0	$0	$0
CORY SARGEANT	TREASURER PR	0.25	Officer Director	$0	$0	$0
MICHAEL BAILEY ESQ	MEMBER	0.25	Director	$0	$0	$0
C ALLYSON FRANKLIN ESQ	MEMBER	0.25	Director	$0	$0	$0
STEVE CROMITY	MEMBER	0.25	Director	$0	$0	$0
SONIA CLARKE	MEMBER	0.25	Director	$0	$0	$0
MILDRED SMITH	MEMBER	0.25	Director	$0	$0	$0
VICTORIA POWE-BITTLE	MEMBER	0.25	Director	$0	$0	$0
VON JOSEPH	MEMBER	0.25	Director	$0	$0	$0
KENNETH LAIDLOW	MEMBER	0.25	Director	$0	$0	$0
KENNETH L PYLE SR	MEMBER	0.25	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	$376,891	$471,377	$1,991,291	$-94,486
2022	$358,039	$415,211	$2,096,629	$-57,172
2021	$361,961	$420,019	$1,753,171	$-58,058
2020	$365,753	$384,544	$1,805,544	$-18,791
2019	$369,391	$377,371	$1,809,093	$-7,980
2018	$356,782	$403,918	$1,814,628	$-47,136

GREGENE HOUSING DEVELOPMENT FUND CORPORATION