BEDFORD 203 HOUSING DEVELOPMENT FU… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JAMES M DILL

Phone

2122529377

Tax Period

2024-01-01 to 2024-12-31

BEDFORD 203 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,474,092

THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE BEDFORD. THE PROJECT HAS 107 HOUSING UNITS AND IS SITUATED AT 211 EAST 203RD...

THE ORGANIZATION PROVIDES SOCIAL SERVICES TO THE RESIDENTS OF THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE BEDFORD. THE PROJECT HAS 107 HOUSING UNITS AND IS SITUATED AT 211 EAST 203RD STREET, BRONX, NY. THE SERVICES ARE FUNDED BY A SOCIAL SERVICE CONTRACT WITH THE NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE. ALL ADMITTED RESIDENTS ARE REQUIRED TO MEET HUD'S CRITERIA FOR LOW INCOME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,233,551

Program Service Revenue $0

Investment Income $128

Other Revenue $0

TOTAL REVENUE $1,233,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,203,067

Fundraising Expenses $0

Program Expenses $1,474,092

Other Expenses $271,025

TOTAL EXPENSES $1,474,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,233,679	$1,356,003	-0.1%
Expenses	$1,474,092	$1,360,131	+0.1%
Net Income	$-240,413	$-4,128	+57.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$613,834

Total Directors

$385,465

Key Employees

$385,725

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M DILL	TRUSTEE/TREASURER/EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$15,005	$186,932
MOLLY MATTIMORE	TRUSTEE/SECRETARY/DEP EXEC DIRECTOR	5.00	Officer Director	$0	$20,708	$198,533
MARTIN MELTZER	CHAIR	1.00	Officer Director	$0	$0	$0
MARK SHAPIRO	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$25,114	$167,634
STEVEN GLICKMAN	DIR OF FINANCIAL REPORTING-BEG 9/24	5.00	Officer	$0	$4,955	$60,735
KRISTI CILENTI	DIRECTOR OF PROGRAMS	8.00	Key Emp	$0	$32,611	$194,424
DAN DANAHER	DIRECTOR OF OPERATIONS	8.00	Key Emp	$0	$32,420	$191,301
ALMIR LALICIC	DIRECTOR OF PROPERTY MANAGEMENT	8.00	Highest	$0	$19,672	$144,605
RALPH GARCIA	SECURITY DIRECTOR	8.00	Highest	$0	$35,000	$172,343
TENILLE DA MATHA SANTANNA	CONTROLLER	5.00	Highest	$0	$26,402	$134,374
WANDA CLARK	PROGRAM ACCOUNTANT	7.00	Highest	$0	$684	$101,790

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	$1,233,679	$1,474,092	$917,042	$-240,413
2023	$1,356,003	$1,360,131	$698,855	$-4,128
2022	$564,880	$845,479	$706,682	$-280,599
2021	No data	$58,493	$22,232	No data
2020	No data	$3,869	$30,784	No data
2019	No data	$6,550	$139,037	No data
2018	No data	$19,000	$5,703,731	No data

BEDFORD 203 HOUSING DEVELOPMENT FUND CORPORATION