Hsvs Property Foundation Ltd

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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

KENNETH P NOLAN ESQ

Phone

7184224200

Tax Period

2023-07-01 to 2024-06-30

Hsvs Property Foundation Ltd, founded in 2017, is a small nonprofit in the Human Services sector that reported $332K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $575K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO HOLD TITLE TO PROPERTY TO ST. VINCENT'S SERVICES, INC. D/B/A HEARTSHARE ST. VINCENT'S SERVICES ("HSVS"), IN ITS EFFORTS TO PROVIDE AND CARE FOR YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS, AND FAMILIES THROUGH THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF VARIOUS TYPES OF PROGRAMS, FACILITIES, HOMES AND RESIDENCES WHICH PROVIDE FOR THE PHYSICAL, MENTAL, SPIRITUAL, INTELLECTUAL AND EMOTIONAL WELFARE AND WELL-BEING OF SAID YOUNG BOYS AND GIRLS, ADOLESCENTS, YOUNG ADULTS, ADULTS AND FAMILIES. ENTIRE AMOUNT OF NET RENTAL INCOME, IF ANY, IS TO BE TURNED OVER TO HSVS, AN ORGANIZATION WITH A TAX EXEMPT STATUS.

Program Service Accomplishments

Program 1

TO HOLD TITLE TO BUILDINGS & LAND LOCATED IN NYC, FOR THE PURPOSE OF LEASING AND RENTING IN FURTHERANCE OF ST. VINCENT'S SERVICES' INC. MISSION, A CATHOLIC SOCIAL SERVICES AGENCY.

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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 $331,896

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,896

Expense Breakdown

Grants Paid $242,043

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $332,596

TOTAL EXPENSES $574,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,896	$469,815	-0.3%
Expenses	$574,639	$602,198	0.0%
Net Income	$-242,743	$-132,383	+0.8%

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

$917,452

Total Directors