HOUSING DEVELOPMENT & NEIGHBORHOOD… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

ROBERTO RIVERA

Phone

9254380016

Tax Period

2023-01-01 to 2023-12-31

HOUSING DEVELOPMENT & NEIGHBORHOOD PRESERVATION CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $443K, a strong 17% operating margin.

Mission

DEVELOPMENT & MAINTENANCE OF LOW-INCOME HOUSING PROJECTS & RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $1,682,446

HDNPC CONTINUES TO MANAGE SEVERAL AFFORDABLE HOUSING DEVELOPMENTS WHICH INCLUDE APPROXIMATELY 500 LOW-INCOME INDIVIDUALS AND FAMILIES AS WELL AS A COMMUNITY CENTER THAT CONDUCTS LIFE SKILLS TRAINING PROGRAMS TO THE TENANTS. THESE PROGRAMS PROVIDE SOCIAL, HEALTH AND ECONOMIC SERVICES TO THEM AND THEIR FAMILIES. SPECIFIC PROGRAMS TARGET YOUTH FOR AFTER-SCHOOL TUTORIAL AND OTHER EDUCATIONAL GROWTH ACTIVITIES SUCH AS COMPUTER LITERACY, SO THAT UNDERSERVED YOUTH MAY HAVE THE TOOLS TO BECOME ACADEMICALLY COMPETITIVE.

Program 2

UNDER PLANNING AND DEVELOPMENT, WE ARE WORKING IN IMPLEMENTING ECONOMIC DEVELOPMENT THROUGH SEVERAL PROPOSED HOUSING SITES, AND WE ARE CURRENTLY WORKING TOWARD ANAYLZING A BEST USE FOR THOSE PROJECT SITES. RESEARCH FOR THOSE SITES INCLUDES HOUSING, EDUCATIONAL FACILITY, MEDICAL FACILITY OR OTHER BEST USE FOR THE BENEFIT OF THE GENERAL AREA AND ITS SURROUNDING POPULATION. SOME OF THESE AREAS INCLUDE BALTIMORE, MD. AND SELMA, AL. IN BALTIMORE, WE ARE DEVELOPING AN ENTIRE CITY BLOCK AND BLIGHTED ROW HOUSES TO BE SOLD TO FIRST TIME HOME OWNERS. IN SELMA, WE ARE STUDYING THE REHABILITATION DEVELOPMENT OF A HISTORIC HOSPITAL AND ITS BEST USE AS AN APARTMENT COMPLEX. ADDITIONALLY, HDNPC IS A MEMBER OF SEVERAL INTERNATIONAL EDUCATIONAL AND HOUSING INDUSTRY GROUPS IN ORDER TO CONTINUE TO BRING BEST IDEALS, IMPLEMENTING THEM INTO OUR PLANNING, DEVELOPMENT AND MANAGEMENT PRACTICES.

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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 $2,606,023

Investment Income $80

Other Revenue $46,629

TOTAL REVENUE $2,652,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,155

Fundraising Expenses $0

Program Expenses $1,682,446

Other Expenses $1,434,282

TOTAL EXPENSES $2,209,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,652,732	$2,016,578	+0.3%
Expenses	$2,209,437	$2,293,896	0.0%
Net Income	$443,295	$-277,318	-2.6%

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

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

$740,810

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL BORVICE	CEO	20.00	Officer	$271,365	$34,066	$426,881
FRANCISCO BORVICE	Executive Dir.	14.00	Officer	$123,013	$36,190	$313,929
CAMILLE GAMBOA	PROJECT MANAGER	40.00		$113,424	$0	$113,424
ROBERTO RIVERA	President	2.00	Officer Director	$0	$0	$0
RAMIRO CASTRO	Treasurer	2.00	Officer Director	$0	$0	$0
RAMON INIQUEZ III	Secretary	2.00	Officer Director	$0	$0	$0
CHRIS GILES	Vice President	2.00	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
2024	No data	No data	No data	No data
2023	$2,652,732	$2,209,437	$4,190,822	$443,295
2022	$2,016,578	$2,293,896	$4,284,792	$-277,318
2021	$2,030,206	$2,123,449	$4,569,249	$-93,243
2020	$2,198,492	$2,106,802	$4,623,855	$91,690
2019	$2,194,256	$2,068,846	$4,633,447	$125,410
2018	$2,090,818	$2,075,285	$4,624,503	$15,533

HOUSING DEVELOPMENT & NEIGHBORHOOD PRESERVATION CORPORATION