641 HOUSING BENEFIT FUND INC

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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

Principal Officer

JAMES KILKENNY

Phone

9086874488

Tax Period

2023-01-01 to 2023-12-31

641 HOUSING BENEFIT FUND INC, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $758K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $235K, a strong 31% operating margin.

Mission

PROVIDE HOUSING ASSISTANCE TO ELDERLY PERSONS WITH FINANCIAL NEED.

Program Service Accomplishments

Program 1

Expenses: $421,000 Revenue: $0

PROVIDE FUNDING TO ELDERLY PERSONS WITH FINANCIAL NEED TO ENABLE THEM TO LIVE WITH DIGNITY AND INDEPENDENCE BY ASSISTING THEM WITH HOUSING RELATED EXPENSES.

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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 $177,838

Program Service Revenue $0

Investment Income $580,386

Other Revenue $0

TOTAL REVENUE $758,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,000

Other Expenses $102,666

TOTAL EXPENSES $523,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$758,224	$18,049,502	-1.0%
Expenses	$523,666	$37,424	+13.0%
Net Income	$234,558	$18,012,078	-1.0%

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

N/A

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

$560,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KILKENNY	DIRECTOR	1.00	Director	$0	$78,774	$211,200
CARLOS WONG	DIRECTOR-FORMER	1.00	Director	$0	$22,978	$52,364
MICHAEL MARCHELLO	DIRECTOR	1.00	Director	$0	$72,781	$181,489
GARY KANE	DIRECTOR	1.00	Director	$0	$48,207	$115,620

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	$758,224	$523,666	$18,526,009	$234,558
2022	$18,049,502	$37,424	$17,915,611	$18,012,078