600 EAST 156TH STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 822582038 Housing & Shelter

NEW YORK, NY

Total Revenue
$243,524
Total Expenses
$246,499
Total Assets
$17,779
Net Assets
$2,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
ADAM WEINSTEIN
Phone
2122439090
Tax Period
2024-01-01 to 2024-12-31

600 EAST 156TH STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $244K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE AFFORDABLE HOUSING LOCATED AT 600 EAST 156TH STREET, THE BRONX, NEW YORK PROVIDING 87 RESIDENTIAL APARTMENT UNITS FOR PERSONS OF LOW INCOME.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $243,524
Investment Income $0
Other Revenue $0
TOTAL REVENUE $243,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $238,459
Fundraising Expenses $0
Program Expenses $246,499
Other Expenses $8,040
TOTAL EXPENSES $246,499

Year-over-Year Comparison

2024 2023 Change
Revenue $243,524 $257,818 -0.1%
Expenses $246,499 $257,819 0.0%
Net Income $-2,975 $-1 +2974.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
3
Volunteers
N/A

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
3
$1,865,730
Total Directors
3
$1,865,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM WEINSTEIN PRESIDENT/CEO 1.00
Officer Director
$0 $180,441 $1,043,975
JAMES ROBERT PIGOTT JR VICE PRESIDENT/SECRETARY 1.00
Officer Director
$0 $87,569 $454,550
LUKEMAN OGUNYINKA TREASURER 1.00
Officer Director
$0 $9,964 $367,205
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 $243,524 $246,499 $17,779 $-2,975
2023 $257,818 $257,819 $23,286 $-1
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