CLUSTERS II HOUSING DEVELOPMENT FUND CORPORATION

EIN: 883982873 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$224,758
Total Expenses
$657,077
Total Assets
$14,351,495
Net Assets
$-432,319
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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
NY
Principal Officer
ALEXA SEWELL
Phone
2122656530
Tax Period
2022-01-01 to 2022-12-31

CLUSTERS II HOUSING DEVELOPMENT FUND CORPORATION, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2022. Expenses of $657K exceeded revenue, resulting in a 192% operating deficit.

Mission

OWNING AND OPERATING A RESIDENTIAL HOUSING COMPLEX FOR LOW-INCOME INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $224,758
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $655,302
Other Expenses $657,077
TOTAL EXPENSES $657,077

Year-over-Year Comparison

2022 2021 Change
Revenue $224,758 N/A N/A
Expenses $657,077 N/A N/A
Net Income $-432,319 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
3
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
3
$670,106
Total Directors
3
$670,106
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA SEWELL PRESIDENT 0.25
Officer Director
$0 $37,820 $324,690
JACQUELINE TOM SECRETARY/TREASURER 0.25
Officer Director
$0 $14,671 $182,617
FAZEELA SIDDIQUI VICE PRESIDENT 0.25
Officer Director
$0 $38,578 $162,799
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
2022 $224,758 $657,077 $14,351,495 $-432,319
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