TWO BUILDINGS TENANTS UNITED HOUSING DEVELOPMENT FUND COMPANY (EIN 842438262) - 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

HARRIET COHEN

Tax Period

2023-01-01 to 2023-12-31

TWO BUILDINGS TENANTS UNITED HOUSING DEVELOPMENT FUND COMPANY, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $408K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $459K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE LOW/MODERATE INCOME HOUSING AND SOCIAL SERVICES.

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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 $4,500

Program Service Revenue $403,511

Investment Income $97

Other Revenue $0

TOTAL REVENUE $408,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,565

Fundraising Expenses $0

Program Expenses $415,015

Other Expenses $392,385

TOTAL EXPENSES $458,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,108	$374,506	+0.1%
Expenses	$458,950	$439,654	+0.0%
Net Income	$-50,842	$-65,148	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRIET COHEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHARLES WERTHEIMER	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL ATKINS	TREASURER	N/A	Officer 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	$408,108	$458,950	$2,817,041	$-50,842
2022	$374,506	$439,654	$2,795,004	$-65,148
2021	$371,563	$423,197	$2,843,639	$-51,634
2020	$380,252	$410,712	$2,884,219	$-30,460
2019	$158,685	$155,031	$2,928,543	$3,654

TWO BUILDINGS TENANTS UNITED HOUSING DEVELOPMENT FUND COMPANY