WEST 108TH STREET HOUSING DEVELOPMENT FUND COMPANY INC (EIN 815181888) - 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

PAUL R FREITAG

Phone

2127216032

Tax Period

2023-07-01 to 2024-06-30

WEST 108TH STREET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $245K in total revenue in fiscal year 2023. Expenses of $300K exceeded revenue, resulting in a 23% operating deficit.

Mission

WEST 108TH STREET HDFC (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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $244,196

Investment Income $0

Other Revenue $732

TOTAL REVENUE $244,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,883

Other Expenses $300,263

TOTAL EXPENSES $300,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,928	$238,809	+0.0%
Expenses	$300,263	$273,150	+0.1%
Net Income	$-55,335	$-34,341	+0.6%

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

$838,679

Total Directors

$493,264

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	$7,302	$199,961
PAUL R FREITAG	VICE PRESIDENT	1.00	Officer Director	$0	$53,667	$293,303
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL J DROSIN	DIR OF PROPERTY MNGMENT	1.00	Officer	$0	$34,296	$170,814
DEEPAK BUTANI	CFO (INCOMING)	1.00	Officer	$0	$0	$0
NANDA WIN	CFO/TREASURER (OUTGOING)	1.00	Officer	$0	$48,477	$174,601

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	No data	No data	No data	No data
2024	$244,928	$300,263	$6,427,898	$-55,335

WEST 108TH STREET HOUSING DEVELOPMENT FUND COMPANY INC