417 HOUSING DEVELOPMENT FUND COMPA… - Form 990 Financial Data

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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

DAWN WELLS-CLYBURN

Phone

7168840356

Tax Period

2023-01-01 to 2023-12-31

417 HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2018, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME IN THE CITY OF BUFFALO, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $182,695 Revenue: $73,275

TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, WHICH HOUSING ACCOMODATIONS INCLUDE 9 LOW-INCOME RESIDENTIAL UNITS AND 1 COMMERCIAL UNIT, LOCATED IN THE CITY OF BUFFALO, NEW...

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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 $22,499

Program Service Revenue $73,275

Investment Income $0

Other Revenue $0

TOTAL REVENUE $95,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,695

Other Expenses $182,695

TOTAL EXPENSES $182,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,774	$160,274	-0.4%
Expenses	$182,695	$131,587	+0.4%
Net Income	$-86,921	$28,687	-4.0%

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

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

$185,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JAHNKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAMONE ALEXANDER	SECRETARY	2.00	Director	$0	$0	$0
JIM ANDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
RAHWA GHIRMATZION	VICE PRESIDENT	2.00	Officer	$0	$0	$103,452
DAWN WELLS-CLYBURN	VICE PRESIDENT	2.00	Officer	$0	$0	$82,294

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	$95,774	$182,695	$2,325,233	$-86,921
2022	$160,274	$131,587	$2,409,833	$28,687
2021	$1	$48	$2,078,738	$-47
2020	No data	$206	$1,712,242	No data

417 HOUSING DEVELOPMENT FUND COMPANY INC