138-50 QB Housing Development Fund Corporation (EIN 863233365) - 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

Richard Nightingale

Phone

9143452800

Tax Period

2023-01-01 to 2023-12-31

138-50 QB Housing Development Fund Corporation, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 6% surplus.

Mission

SOCIAL SERVICE AGENCY PROVIDING SHELTER TO INDIVIDUALS IN NEED. WE OFFER PERMANENT HOUSING, TRANSITIONAL SHELTER, SINGLE ROOM OCCUPANCY AS WELL AS EMERGENCY SHELTERS.

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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 $1,693,468

Investment Income $7,161

Other Revenue $0

TOTAL REVENUE $1,700,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,606,928

Other Expenses $1,606,928

TOTAL EXPENSES $1,606,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,700,629	N/A	N/A
Expenses	$1,606,928	N/A	N/A
Net Income	$93,701	$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

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

$1,258,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Nightingale	Director	1.0	Director	$0	$47,618	$507,454
James Coughlin	Director	1.0	Director	$0	$50,110	$390,709
Andrew Germansky	Director	1.0	Director	$0	$48,135	$360,526

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	$1,700,629	$1,606,928	$34,698,044	$93,701
2022	No data	No data	$36,521,386	No data
2021	No data	No data	$36,446,031	No data

138-50 QB Housing Development Fund Corporation