HOUSING WORKS CLAREMONT HOUSING DEVELOPMENT FUND CORPORATION (EIN 832385009) - 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

CHARLES KING

Phone

3474737400

Tax Period

2024-07-01 to 2025-06-30

HOUSING WORKS CLAREMONT HOUSING DEVELOPMENT FUND CORPORATION, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $270K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 274% operating deficit.

Mission

TO PROVIDE PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW INCOME NEW YORKERS LIVING WITH HIV/AIDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $263,632

Investment Income $0

Other Revenue $5,874

TOTAL REVENUE $269,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,008,683

Other Expenses $1,008,683

TOTAL EXPENSES $1,008,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,506	$293,364	-0.1%
Expenses	$1,008,683	$433,815	+1.3%
Net Income	$-739,177	$-140,451	+4.3%

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

N/A

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

$1,389,643

Total Directors

$864,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$41,218	$297,717
CHARLES KING	CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$29,412	$566,893
IAN HANLEY	CHIEF FINANCIAL OFFICER (FROM 1/25)	1.00	Officer	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER (THRU 7/24)	1.00	Officer	$0	$5,306	$274,536
MARIUSZ GOLIANEK	INTERRIM CFO (FROM 8/24-THRU 12/24)	1.00	Officer	$0	$24,410	$250,497

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
2025	$269,506	$1,008,683	$568,520	$-739,177
2024	No data	No data	No data	No data
2023	No data	$152,695	$388,487	No data
2022	No data	$164,925	$388,487	No data
2021	No data	$242,059	$388,487	No data
2019	$384,441	$1,006	$389,493	$383,435

HOUSING WORKS CLAREMONT HOUSING DEVELOPMENT FUND CORPORATION