FOUNDATION FOR QUALITY HOUSING OPP… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

GARY BRAVERMAN

Phone

8187630810

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR QUALITY HOUSING OPPORTUNITIES INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 471% operating deficit.

Mission

THE CORPORATION ORGANIZED AS A CHARITABLE ORGANIZATION TO CONSTRUCT NEW, LOW INCOME HOUSING AND TO RENOVATE, DEVELOP, MANAGE, OPERATE, PROMOTE, FUND AND SUPPORT EXISTING LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, HANDICAPPED PERSONS AND ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $1,028,826 Revenue: $191,959

GRANT & OTHER ASSISTANCE TO INDIVIDUALS FOR HOUSING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,472

Investment Income $168,769

Other Revenue $0

TOTAL REVENUE $180,241

Expense Breakdown

Grants Paid $812,402

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,028,826

Other Expenses $216,424

TOTAL EXPENSES $1,028,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,241	$111,982	+0.6%
Expenses	$1,028,826	$562,261	+0.8%
Net Income	$-848,585	$-450,279	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HEIDY BRAVERMAN	PRESIDENT	Officer Director	$0	$0	$0
DAVID SKINNER	VICE PRESIDENT	Officer Director	$0	$0	$0
GARY BRAVERMAN	SEC-TRES	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
2023	$180,241	$1,028,826	No data	$-848,585
2022	$111,982	$562,261	$6,561,992	$-450,279
2021	$1,106,555	$147,671	$7,011,840	$958,884
2020	$5,465,584	$260,455	$6,054,456	$5,205,129

FOUNDATION FOR QUALITY HOUSING OPPORTUNITIES INC