2351 WALTON AVENUE HOUSING DEVELOPMENT FUND CORP C/O URBAN RESOURCE INSTITUTE (EIN 851989484) - 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

2021

Legal Domicile

Principal Officer

NATHANIEL FIELDS

Phone

6465880030

Tax Period

2024-07-01 to 2025-06-30

2351 WALTON AVENUE HOUSING DEVELOPMENT FUND CORP C/O URBAN RESOURCE INSTITUTE, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

THE 2351 WALTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION FOCUSES ON CONSTRUCTING, REHABILITATING AND OPERATING HOUSING FOR HOMELESS FAMILIES REFERRED BY THE NYC DEPARTMENT OF HOMELESS SERVICES. SINCE ITS INCEPTION IT HAS EXCLUSIVELY ONLY SERVED AS A COMPANY HOLDING TITLE TO PROPERTY. THE SOLE RESPONSIBILITY FOR MAINTAINING, DEVELOPING AND OPERATING ANY PROPERTY OWNED BY THE FUND WAS AT ITS INCEPTION DELEGATED TO URBAN RESOURCE INSTITUTE.

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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 $1,804,550

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,804,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,951,444

Other Expenses $1,951,444

TOTAL EXPENSES $1,951,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,804,550	$1,804,550	N/A
Expenses	$1,951,444	$1,210,399	+0.6%
Net Income	$-146,894	$594,151	-1.2%

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

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

$974,373

Total Directors

$974,373

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY B EDWARDS	TREASURER/CFO	1.00	Officer Director	$0	$23,495	$342,839
NATHANIEL FIELDS	PRESIDENT/CEO	1.00	Officer Director	$0	$80,793	$631,534
ROY A WILLIAMS	SECRETARY	1.00	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
2025	$1,804,550	$1,951,444	$26,121,302	$-146,894
2024	No data	No data	No data	No data
2023	No data	$1,957,938	$28,985,859	No data
2022	No data	$321,832	$15,000	No data
2021	$802,019	$515,509	$286,510	$286,510

2351 WALTON AVENUE HOUSING DEVELOPMENT FUND CORP C/O URBAN RESOURCE INSTITUTE