ST JOHN'S HOUSING DEVELOPMENT FUND CORP

EIN: 900732459 501(c)(3) Crime & Legal

BROOKLYN, NY

Total Revenue
$827,257
Total Expenses
$1,227,140
Total Assets
$4,830,904
Net Assets
$-2,694,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
VAL HENRY
Phone
2126655500
Tax Period
2023-01-01 to 2023-12-31

ST JOHN'S HOUSING DEVELOPMENT FUND CORP, founded in 2011, is a small nonprofit in the Crime & Legal sector that reported $827K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 48% operating deficit.

Mission

ORGANIZATION PROVIDES LOW INCOME AFFORDABLE HOUSING TO FAMILIES IN BROOKLYN, NY.

Program Service Accomplishments

Program 1
Expenses: $1,069,741 Revenue: $813,027

WE OPERATE TWO RENTAL HOUSING PROJECTS, CONSISTING OF 84 APARTMENT UNITS OF AFFORDABLE HOUSING LOCATED IN BROOKLYN, NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $811,970
Investment Income $14,230
Other Revenue $1,057
TOTAL REVENUE $827,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,191
Fundraising Expenses $0
Program Expenses $1,069,741
Other Expenses $1,087,949
TOTAL EXPENSES $1,227,140

Year-over-Year Comparison

2023 2022 Change
Revenue $827,257 $792,696 +0.0%
Expenses $1,227,140 $1,103,200 +0.1%
Net Income $-399,883 $-310,504 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
4
$190,738
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VAL HENRY EXECUTIVE DI 1.00
Officer
$0 $7,170 $190,738
CHARLES THOMAS CHAIRMAN 0.25
Officer Director
$0 $0 $0
ALECIA D MASON VICE CHAIRMA 0.25
Officer Director
$0 $0 $0
CORY SARGEANT TREASURER PR 0.25
Officer Director
$0 $0 $0
MICHAEL BAILEY ESQ MEMBER 0.25
Director
$0 $0 $0
STEVE CROMITY MEMBER 0.25
Director
$0 $0 $0
C ALLYSON FRANKLIN ESQ MEMBER 0.25
Director
$0 $0 $0
SONIA CLARKE MEMBER 0.25
Director
$0 $0 $0
MILDRED SMITH MEMBER 0.25
Director
$0 $0 $0
VICTORIA POWE-BITTLE MEMBER 0.25
Director
$0 $0 $0
VON JOSEPH MEMBER 0.25
Director
$0 $0 $0
KENNETH LAIDLOW MEMBER 0.25
Director
$0 $0 $0
KENNETH L PYLE SR MEMBER 0.25
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
2024 No data No data No data No data
2023 $827,257 $1,227,140 $4,830,904 $-399,883
2022 $792,696 $1,103,200 $5,097,318 $-310,504
2021 $813,935 $1,165,975 $5,342,008 $-352,040
2020 $836,323 $1,040,274 $5,487,974 $-203,951
2019 $868,916 $821,588 $6,379,905 $47,328
2019 $882,576 $1,078,333 $5,637,271 $-195,757
2018 $838,537 $805,719 $6,318,425 $32,818
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