ADDABBO CENTER FUTURE HOME INC (EIN 821499016) - 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

YERUCHEM PHILLIP GOLDFEDE

Phone

9738714200

Tax Period

2023-01-01 to 2023-12-31

ADDABBO CENTER FUTURE HOME INC, founded in 2017, is a small nonprofit in the Health Care sector that reported $544K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $234K, a strong 43% operating margin.

Mission

THE PURPOSE IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CENTER FOR THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. IN QUEENS, NEW YORK.

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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 $544,118

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $544,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $310,240

TOTAL EXPENSES $310,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,118	$490,592	+0.1%
Expenses	$310,240	$53,938	+4.8%
Net Income	$233,878	$436,654	-0.5%

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

$773,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY LEON	TREASURER	1.00	Officer Director	$0	$0	$0
DR ALPHONSO WYATT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA SIMON	SECRETARY	1.00	Officer Director	$0	$0	$0
YERUCHEM PHILLIP GOLDFEDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM H NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MIRIAM DABBAH	CEO	1.00	Officer	$0	$49,061	$356,826
LAWRENCE WOJCIK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$10,492	$239,706
THOMAS MEYERS	CHIEF COMPLIANCE OFFICER/INTERIM CEO	1.00	Officer	$0	$7,659	$176,976

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	$544,118	$310,240	$25,285,976	$233,878
2022	$490,592	$53,938	$25,286,303	$436,654
2021	No data	$21,936	$22,796,301	No data
2020	$1,600,001	$44,398	$19,512,027	$1,555,603
2019	No data	$243,568	$17,859,907	No data
2018	$3,181,221	$628,071	$18,052,727	$2,553,150

ADDABBO CENTER FUTURE HOME INC