THREE ARTS CLUB HOUSING DEVELOPMENT FUND COMPANY INC (EIN 815151097) - 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

2017

Legal Domicile

Principal Officer

DEEPAK BUTANI

Phone

2127216032

Tax Period

2024-07-01 to 2025-06-30

THREE ARTS CLUB HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2017, is a micro nonprofit in the Housing & Shelter sector that reported $10K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 21418% operating deficit.

Mission

A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION (CONTINUED ON SCHEDULE O)

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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 $0

Program Service Revenue $10,373

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,791

Fundraising Expenses $0

Program Expenses $2,227,987

Other Expenses $2,202,296

TOTAL EXPENSES $2,232,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,373	$13,566	-0.2%
Expenses	$2,232,087	$2,218,882	+0.0%
Net Income	$-2,221,714	$-2,205,316	+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

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

$808,737

Total Directors

$517,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE HILGER	COO/ASSIST SECRETARY	1.00	Officer Director	$0	$7,709	$217,076
PAUL R FREITAG	VICE PRESIDENT	1.00	Officer Director	$0	$51,320	$300,806
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL J DROSIN	ASST. VP/FACILITIES MGR (OUTGOING)	1.00	Officer	$0	$37,139	$177,696
DEEPAK BUTANI	CFO/TREASURER	1.00	Officer	$0	$17,868	$113,159

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
2025	$10,373	$2,232,087	$40,181,588	$-2,221,714
2024	$13,566	$2,218,882	$40,162,408	$-2,205,316
2023	$11,317	$2,189,768	$40,306,113	$-2,178,451
2022	$78,445	$2,295,615	$40,633,400	$-2,217,170
2021	$86,980	$2,152,675	$41,258,201	$-2,065,695
2020	$98,747	$2,155,324	$42,115,387	$-2,056,577
2019	$584,307	$2,208,871	$43,017,505	$-1,624,564
2018	$937,773	$2,616,089	$43,537,038	$-1,678,316

THREE ARTS CLUB HOUSING DEVELOPMENT FUND COMPANY INC