PALS PLACE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 934632324 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,179,132
Total Expenses
$1,380,938
Total Assets
$16,475,477
Net Assets
$-275,611
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NY
Principal Officer
NATHANIEL FIELDS
Phone
6465880030
Tax Period
2024-07-01 to 2025-06-30

PALS PLACE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2023, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1657% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO SUPPORT URBAN RESOURCE INSTITURE PROVIDE TRANSITIONAL HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE.

Program Service Accomplishments

Program 1
Expenses: $1,380,938 Revenue: $1,179,132

PALS PLACE HOUSING DEVELOPMENT FUND CORPORATION FOCUSES ON CONSTRUCTING, REHABILITATING AND OPERATING HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE REFERRED BY THE NYC DEPARTMENT OF HOMELESS SERVICES...

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PALS PLACE HOUSING DEVELOPMENT FUND CORPORATION FOCUSES ON CONSTRUCTING, REHABILITATING AND OPERATING HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE REFERRED BY THE NYC DEPARTMENT OF HOMELESS SERVICES. SINCE ITS INCEPTION IT HAS EXCLUSIVELY ONLY SERVED AS A COMPANY HOLDING TITLE TO PROPERTY. THE SOLE RESPONSIBILITY FOR MAINTAINING, DEVELOPING AND OPERATING ANY PROPERTY OWNED BY THE FUND WAS AT ITS INCEPTION DELEGATED TO URBAN RESOURCE INSTITUTE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,179,132
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,179,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,380,938
Other Expenses $1,380,938
TOTAL EXPENSES $1,380,938

Year-over-Year Comparison

2024 2023 Change
Revenue $1,179,132 $67,100 +16.6%
Expenses $1,380,938 $140,905 +8.8%
Net Income $-201,806 $-73,805 +1.7%
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
1
Employees
N/A
Volunteers
1

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
$974,373
Total Directors
3
$974,373
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY EDWARDS TREASURER/CFO 1.00
Officer Director
$0 $23,495 $342,839
NATHANIEL FIELDS PRESIDENT/CEO 1.00
Officer Director
$0 $80,793 $631,534
ROY A WILLIAMS SECRETARY 1.00
Officer 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
2025 $1,179,132 $1,380,938 $16,475,477 $-201,806
2024 No data No data No data No data
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