CROTONA 1405 BOSTON ROAD HOUSING DEVELOPMENT FUND CORPORATION

EIN: 844980174 Housing & Shelter

NEW YORK, NY

Total Revenue
N/A
Total Expenses
$2,741
Total Assets
$1,349,080
Net Assets
$1,349,080
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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
2020
Legal Domicile
NY
Principal Officer
GARY P JENKINS
Phone
2123029456
Tax Period
2024-07-01 to 2025-06-30

Mission

TO DEVELOP HOUSING EXCLUSIVELY FOR PERSONS OF LOW INCOME.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,741
Other Expenses $2,741
TOTAL EXPENSES $2,741

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $2,741 N/A N/A
Net Income N/A $0 N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
6
$574,055
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HEFT PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIN H ABRAMS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL BARNETT TREASURER 1.00
Officer Director
$0 $0 $0
PETER BREST SECRETARY 1.00
Officer Director
$0 $0 $0
FREDERICK SHACK CEO 1.00
Officer
$0 $18,776 $326,571
ROBERT MCPHILLIPS CFO 1.00
Officer
$0 $66,809 $247,484
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 No data $2,741 $1,349,080 No data
2024 No data No data $1,351,821 No data
2023 $7,086 $30 $4,053,912 $7,056
2022 No data $8,159 $3,276,728 No data
2021 No data $6,044 $2,637,307 No data
2020 $1,366,175 $7,207 $2,372,470 $1,358,968
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