SDF EAST 243RD STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 881291629) - 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

2022

Legal Domicile

Principal Officer

JOHN IAMMATTEO

Phone

7182062000

Tax Period

2023-01-01 to 2023-12-31

SDF EAST 243RD STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 66% operating deficit.

Mission

TO SUPPORT SAMARITAN DAYTOP VILLAGE WHICH PROVIDES COMPREHENSIVE HEALTH AND HUMAN(CONT ON SCH O) SERVICES THROUGH A NETWORK OF FACILITIES LOCATED THROUGHOUT NYC AND UPSTATE 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 $706,010

Investment Income $0

Other Revenue $1,790,877

TOTAL REVENUE $2,496,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,720

Fundraising Expenses $0

Program Expenses $3,667,117

Other Expenses $4,007,607

TOTAL EXPENSES $4,142,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,496,887	$3,401,483	-0.3%
Expenses	$4,142,327	$347,096	+10.9%
Net Income	$-1,645,440	$3,054,387	-1.5%

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

$442,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN IAMMATTEO	COO/CFO	1.00	Officer	$0	$42,083	$123,833
ALICIA MCFARLENE	CHIEF PROGRAM & LEGAL OFFI	1.00	Officer	$0	$37,141	$318,617

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	$2,496,887	$4,142,327	$50,402,955	$-1,645,440
2022	$3,401,483	$347,096	$38,494,020	$3,054,387

SDF EAST 243RD STREET HOUSING DEVELOPMENT FUND CORPORATION