AFFORDABLE FOR NY INC

🔒

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

2019

Legal Domicile

Principal Officer

MOSHE GUTMAN

Phone

3473888857

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE FOR NY INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $581K in total revenue in fiscal year 2023. Revenue surged 230% from the prior year, signaling strong growth momentum. Expenses of $512K left a modest 12% surplus.

Mission

AFFORDABLE FOR NEW YORK IS ACTING AS AN APPROVED HPD ADMIN AGENT TO OVERSEE LEASE UP AND MONITORING OF AFFORDABLE HOUSING IN NYC FOR INCLUSIONARY PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $366,550

AFFORDABLE FOR NEW YORK IS ACTING AS AN APPROVED HPD ADMIN AGENT TO OVERSEE LEASE UP AND MONITORING OF AFFORDABLE HOUSING IN NYC FOR INCLUSIONARY PROJECTS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $580,519

Investment Income $0

Other Revenue $0

TOTAL REVENUE $580,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $366,550

Other Expenses $511,559

TOTAL EXPENSES $511,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,519	$175,941	+2.3%
Expenses	$511,559	$261,797	+1.0%
Net Income	$68,960	$-85,856	-1.8%

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

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
EUGENE GOLDSTEIN	DIRECTOR	3.00	Director	$0	$0	$0
MOSHE GUTMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
FISHEL SCHLESINGER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
VICTOR SCHLESINGER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DAVID SPILMAN	DIRECTOR	3.00	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	$580,519	$511,559	$781,176	$68,960
2022	$175,941	$261,797	$144,687	$-85,856
2021	$254,057	$39,464	$230,543	$214,593