CAYUGA HOUSING DEVELOPMENT CORP

🔒

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

2013

Legal Domicile

Phone

6072738629

Tax Period

2024-10-01 to 2025-09-30

CAYUGA HOUSING DEVELOPMENT CORP, founded in 2013, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 12690% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 100% operating margin.

Mission

Assist in low income housing in the City of Ithaca and have low cost laundry facilities for the residence of the Ithaca Housing Authority

Program Service Accomplishments

Program 1

Expenses: $8,395 Revenue: $2,918,793

Assist in low income housing in the City of Ithaca and have low cost laundry facilities for the residence of the Ithaca Housing Authority

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,898,227

Investment Income $0

Other Revenue $20,566

TOTAL REVENUE $2,918,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,395

Other Expenses $8,395

TOTAL EXPENSES $8,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,918,793	$22,821	+126.9%
Expenses	$8,395	$9,270	-0.1%
Net Income	$2,910,398	$13,551	+213.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brenda Westfall	President	N/A	Officer	$0	$0	$0
Meagan Howell	Board Member	N/A	Director	$0	$0	$0
Ann Bantuvanis	Board Member	N/A	Director	$0	$0	$0
Christopher Malcolm	Board Member	N/A	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	$2,918,793	$8,395	$3,042,176	$2,910,398
2024	$22,821	$9,270	$129,228	$13,551
2023	$26,074	$13,190	$117,639	$12,884
2022	$30,038	$26,394	$109,642	$3,644