THE 551 HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 861066508 501(c)(3)

New York, NY

Total Revenue
$320,821
Total Expenses
$333,643
Total Assets
$1,907,661
Net Assets
$-675,042
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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
2003
Legal Domicile
NY
Principal Officer
PAUL MOORE
Tax Period
2021-12-01 to 2022-11-30

THE 551 HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2003, is a small nonprofit that reported $321K in total revenue in fiscal year 2021.

Mission

TO PROVIDE CLEAN, AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS IN NEW YORK, 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $319,626
Investment Income $1,195
Other Revenue $0
TOTAL REVENUE $320,821

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $319,353
Other Expenses $333,643
TOTAL EXPENSES $333,643

Year-over-Year Comparison

2021 2020 Change
Revenue $320,821 N/A N/A
Expenses $333,643 N/A N/A
Net Income $-12,822 N/A 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
8
Independent Members
7
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
5
$224,000
Total Directors
8
$108,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NESTOR OLIVIER V PRESIDENT 0.00
Officer
$116,000 $0 $116,000
PAUL MOORE PRESIDENT 0.00
Officer Director
$108,000 $0 $108,000
RANDOLPH PHILLIPS DIRECTOR 0.00
Director
$0 $0 $0
PIERRE B TURNER DIRECTOR 0.00
Director
$0 $0 $0
ALEXANDER JAMES DIRECTOR 0.00
Director
$0 $0 $0
TAKIA WALKER DIRECTOR 0.00
Director
$0 $0 $0
BARBARA KAIRSON CHAIR 0.00
Officer Director
$0 $0 $0
DAMON KINEBREW SECRETARY 0.00
Officer Director
$0 $0 $0
JEAN MONDESIR TREASURER 0.00
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
2022 $320,821 $333,643 $1,907,661 $-12,822
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