LITTLE HAITI GATEWAY INC (EIN 911920705) - 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

1998

Legal Domicile

Principal Officer

STEPHANIE BERMAN

Phone

3053718300

Tax Period

2023-01-01 to 2023-12-31

LITTLE HAITI GATEWAY INC, founded in 1998, is a small nonprofit in the Unknown sector that reported $597K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $746K exceeded revenue, resulting in a 25% operating deficit.

Mission

OUR MISSION IS TO CONFRONT RESIDENTIAL INSTABILITY BY DEVELOPING AFFORDABLE HOUSING AND PROVIDING SUPPORTIVE SERVICES AS A PATHWAY TO SELF-SUFFICIENCY.

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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 $593,243

Investment Income $4,059

Other Revenue $0

TOTAL REVENUE $597,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,092

Fundraising Expenses $0

Program Expenses $711,855

Other Expenses $648,225

TOTAL EXPENSES $746,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$597,302	$750,547	-0.2%
Expenses	$746,317	$691,427	+0.1%
Net Income	$-149,015	$59,120	-3.5%

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

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

$419,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE BERMAN	PRESIDENT/CEO	1.00	Officer	$0	$0	$232,972
PATRICIA TINCHER	VP - FINANCE	1.00	Officer	$0	$0	$186,339
SALVATORE RUSSO	VP - PROPERTY MANAGEMENT	1.00	Highest	$0	$0	$140,246
SANDRA NEWSON	VP - PROGRAM SERVICES	1.00	Highest	$0	$0	$134,587
PAOLA ROMAN	VP - DEVELOPMENT	1.00	Highest	$0	$0	$131,357
STEPHEN DANNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOSE VILA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROL FINE	SECRETARY	1.00	Officer Director	$0	$0	$0
CAETANO LOPES	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA QUICK	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MARTORELLA	DIRECTOR	1.00	Director	$0	$0	$0
LIANNE ACEBO	DIRECTOR	1.00	Director	$0	$0	$0
JAY ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SONNABEND	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KIM ABREU	DIRECTOR	1.00	Director	$0	$0	$0
SANDY SEARS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SHEARIN	DIRECTOR	1.00	Director	$0	$0	$0
VALARIE WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JACOLBIA MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR PARHAM	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PORTLAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FERGUSON	DIRECTOR	1.00	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	$597,302	$746,317	$2,679,643	$-149,015
2022	$750,547	$691,427	$2,769,383	$59,120
2021	$685,017	$692,094	$2,861,799	$-7,077
2020	$765,799	$714,150	$2,966,531	$51,649
2019	$718,010	$607,085	$3,121,641	$110,925
2018	$675,271	$594,523	$3,356,217	$80,748

LITTLE HAITI GATEWAY INC