FAC RENAISSANCE HOUSING DEVELOPMENT FUND CORPORATION (EIN 811004692) - 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

2015

Legal Domicile

Principal Officer

MICHELLE DE LA UZ

Phone

7182372017

Tax Period

2023-01-01 to 2023-12-31

FAC RENAISSANCE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO DEVELOP, MAINTAIN AND PROVIDE DECENT AND AFFORDABLE HOUSING FOR QUALIFIED LOW-INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,000

Program Service Revenue $1,184,575

Investment Income $2,081

Other Revenue $81,276

TOTAL REVENUE $1,417,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,575,226

Other Expenses $1,662,334

TOTAL EXPENSES $1,662,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,417,932	$1,328,049	+0.1%
Expenses	$1,662,334	$1,672,935	0.0%
Net Income	$-244,402	$-344,886	-0.3%

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

$255,546

Total Directors

$457,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY MARCUS	OUTGOING TREASURER	0.50	Officer Director	$0	$0	$0
MICHELLE DE LA UZ	SECRETARY	0.50	Officer Director	$0	$10,726	$255,546
JESSICA YAGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM YATES	TREASURER	0.50	Director	$0	$41,171	$202,232

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	$1,417,932	$1,662,334	$14,212,706	$-244,402
2022	$1,328,049	$1,672,935	$14,469,482	$-344,886
2021	$1,252,229	$1,642,752	$14,815,189	$-390,523
2020	$1,248,949	$1,751,993	$14,741,686	$-503,044
2019	$1,144,093	$1,277,935	$14,492,437	$-133,842
2018	$1,033,017	$986,230	$14,209,894	$46,787

FAC RENAISSANCE HOUSING DEVELOPMENT FUND CORPORATION