HARLEM COMMUNITY INITIATIVE HDFC (EIN 824258057) - 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

2018

Legal Domicile

Principal Officer

RUDYARD WHYTE ESQ

Phone

2122839180

Tax Period

2023-01-01 to 2023-12-31

HARLEM COMMUNITY INITIATIVE HDFC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $429K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $589K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE PERMANENT HOUSING TO HIV/AIDS CLIENTS IN MANHATTAN

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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 $428,621

Investment Income $0

Other Revenue $0

TOTAL REVENUE $428,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $548,628

Other Expenses $588,995

TOTAL EXPENSES $588,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,621	$451,721	-0.1%
Expenses	$588,995	$675,143	-0.1%
Net Income	$-160,374	$-223,422	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRIE ADEDEGE CPA	TREASURER	N/A	Director	$0	$0	$0
CAROLE DONEGHY	SECRETARY	N/A	Director	$0	$0	$0
RUDYARD WHYTE ESQ	PRESIDENT	N/A	Director	$0	$0	$0
VIVIAN MCCAIN	MEMBER	N/A	Director	$0	$0	$0
PERETA RODRIGUEZ	MEMBER	N/A	Director	$0	$0	$0
VIOLET TABOR	EXECUTIVE DI	N/A	Officer	$0	$0	$0

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	$428,621	$588,995	$6,994,326	$-160,374
2022	$451,721	$675,143	$7,139,915	$-223,422
2021	$617,223	$493,559	$7,363,703	$123,664

HARLEM COMMUNITY INITIATIVE HDFC