KINGSLEY HOUSE II 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

VINODH VIVEKANANDA

Phone

6314217371

Tax Period

2023-01-01 to 2023-12-31

KINGSLEY HOUSE II INC, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $217K in total revenue in fiscal year 2023. Revenue surged 749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 68% operating margin.

Mission

TO SUPPORT WHITE PLAINS PRESBYTERIAN CHURCH IN FULFILLING ITS MISSION TO ASSIST THE POOR AND DISTRESSED WITH THEIR NEED FOR AFFORDABLE, SAFE, CLEAN, AND SANITARY HOUSING IN WHITE PLAINS, NY

Program Service Accomplishments

Program 1

Expenses: $68,000 Revenue: $217,079

PROVIDE ASSISTANCE IN DEVELOPING AND MANAGING A 164 UNIT APARTMENT BUILDING THAT WILL PROVIDE AFFORDABLE, SAFE, CLEAN, AND SANITARY HOUSING TO HELP IMPROVE LIVING CONDITIONS FOR POOR AND...

PROVIDE ASSISTANCE IN DEVELOPING AND MANAGING A 164 UNIT APARTMENT BUILDING THAT WILL PROVIDE AFFORDABLE, SAFE, CLEAN, AND SANITARY HOUSING TO HELP IMPROVE LIVING CONDITIONS FOR POOR AND UNDERPRIVELEGED MEMBERS OF THE COMMUNITY IN WHITE PLAINS, NY. PROVIDING SUPPORT TO WHITE PLAINS PRESBYTERIAN CHURCH FOR PROGRAMS AND ACTIVITIES FOR THE POOR AND DISTRESSED TENANTS OF THE AFFORDABLE RENTAL PROJECT LOCATED AT 41 BARKER AVENUE, WHITE PLAINS NY.

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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 $0

Program Service Revenue $217,079

Investment Income $0

Other Revenue $0

TOTAL REVENUE $217,079

Expense Breakdown

Grants Paid $68,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,000

Other Expenses $780

TOTAL EXPENSES $68,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,079	$25,569	+7.5%
Expenses	$68,780	N/A	N/A
Net Income	$148,299	$25,569	+4.8%

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
YASMIN BARNES	CO-CHAIR	5.00	Officer Director	$0	$0	$0
VINODH VIVEKANANDA	CO-CHAIR	5.00	Officer Director	$0	$0	$0
MARC YOUSSEF EL KHOURY	MEMBER	1.00	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	$217,079	$68,780	$350,137	$148,299
2021	$210,269	$34,000	$176,269	$176,269