CFH 91ST EAST BROADWAY HOUSING DEVELOPMENT FUND CORPORATION (EIN 884124123) - 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

Phone

2123664459

Tax Period

2024-01-01 to 2024-12-31

CFH 91ST EAST BROADWAY HOUSING DEVELOPMENT FUND CORPORATION, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 1127945% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 90% operating margin.

Mission

TO OPERATE A 120-BED SAFE HAVEN SHELTER FOR MEN CURRENTLY LIVING ON THE STREETS OR IN THE SUBWAYS OF NEW YORK CITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,884,435

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,884,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $492,671

Other Expenses $492,671

TOTAL EXPENSES $492,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,884,435	$433	+11279.5%
Expenses	$492,671	$2,941	+166.5%
Net Income	$4,391,764	$-2,508	-1752.1%

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

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

$867,128

Total Directors

Key Employees

$251,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRIGOR LICUL	TREASURER	2.0	Officer Director	$0	$0	$0
HARRY K THOMAS JR	VICE CHAIR (THRU 6/2024)	2.0	Officer Director	$0	$0	$0
JUDY TABAK	SECRETARY	2.0	Officer Director	$0	$0	$0
RAKESH CHANDRA	CHAIR (AS OF 7/2024)	1.0	Officer Director	$0	$0	$0
ROBERT HECKART	CHAIR (THRU 6/2024)	1.0	Officer Director	$0	$0	$0
GEORGE E NASHAK	PRESIDENT & CEO	1.0	Officer	$0	$9,009	$392,533
JOHN CHUE	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$5,892	$235,728
RONALD LAWSON	CHIEF OPERATING OFFICER	1.0	Officer	$0	$27,019	$238,867
JONATHAN SANTOS RAMOS	CHIEF PROGRAM OFFICER	1.0	Key Emp	$0	$28,357	$251,172

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	$4,884,435	$492,671	$50,209,645	$4,391,764
2023	$433	$2,941	$41,002,034	$-2,508
2022	$407,725	$3,183	$41,004,542	$404,542

CFH 91ST EAST BROADWAY HOUSING DEVELOPMENT FUND CORPORATION