RESIDE AFFORDABLE INC (EIN 831154621) - 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

2019

Legal Domicile

Principal Officer

MARTIN JOSEPH

Phone

7183874448

Tax Period

2023-01-01 to 2023-12-31

RESIDE AFFORDABLE INC, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $284K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 24% operating margin.

Mission

RESIDE AFFORDABLE SERVES AS NEW YORK CITY'S PRIMARY NONPROFIT INTERMEDIARY FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING, ASSISTING IN THE DEVELOPMENT AND PROMOTION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP THROUGH AN ARRAY OF SPECIALIZED PROGRAMS AND SERVICES. RESIDE AFFORDABLE DIRECTS THESE EFFORTS TOWARD SUPPORTING THE LOW INCOME PUBLIC WITH AFFORDABLE HOUSING, BY MARKETING LOW INCOME UNITS.

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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 $283,815

Investment Income $0

Other Revenue $0

TOTAL REVENUE $283,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,865

Fundraising Expenses $0

Other Expenses $164,047

TOTAL EXPENSES $214,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,815	$228,350	+0.2%
Expenses	$214,912	$224,910	0.0%
Net Income	$68,903	$3,440	+19.0%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN JOSEPH	OFFICER	2.00	Officer Director	$0	$0	$0
HAROLD FREUND	DIRECTOR	2.00	Director	$0	$0	$0
SHULEM ROSENBERG	DIRECTOR	2.00	Director	$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	$283,815	$214,912	$284,941	$68,903
2022	$228,350	$224,910	$163,793	$3,440

RESIDE AFFORDABLE INC