CABRINI HOUSING DEVELOPMENT FUND C… - 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

2002

Legal Domicile

Principal Officer

PATRICIA KRASNAUSKY

Phone

2126736262

Tax Period

2023-01-01 to 2023-12-31

CABRINI HOUSING DEVELOPMENT FUND CORPORATION, founded in 2002, is a small nonprofit that reported $933K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

IT IS THE MISSION OF CABRINI APARTMENTS TO EXTEND THE INDEPENDENCE AND INCREASE THE QUALITY OF LIFE OF LOW INCOME AND MOBILITY IMPAIRED SENIOR CITIZENS THROUGH THE PROVISION OF SAFE, AFFORDABLE HOUSING IN CONJUNCTION WITH SOCIAL ACTIVITIES AND LINKING SUPPORT SERVICES. THESE SERVICES WILL BE PROVIDED INCORPORATING THE CORE VALUES OF CABRINI: COMPASSION. RESPECT. DIGNITY. EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $1,082,453 Revenue: $245,681

CABRINI APARTMENTS IS A HUD 202 SUBSIDIZED INDEPENDENT SENIOR HOUSING FACILITY, LOCATED IN THE GRAMERCY PARK SECTION OF MANHATTAN. THE PROJECT IS SPONSORED BY CABRINI OF WESTCHESTER, A MINISTRY OF...

CABRINI APARTMENTS IS A HUD 202 SUBSIDIZED INDEPENDENT SENIOR HOUSING FACILITY, LOCATED IN THE GRAMERCY PARK SECTION OF MANHATTAN. THE PROJECT IS SPONSORED BY CABRINI OF WESTCHESTER, A MINISTRY OF THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS. ENVISIONED IN 2000 AND OPENED IN 2005 ITS MISSION IS TO SERVE THOSE INDIVIDUALS WHOSE VERY LIMITED INCOME HAS COMPROMISED THEIR ABILITY TO FIND SAFE, ACCESSIBLE, AND AFFORDABLE HOUSING, AND TO DO SO IN A DIGNIFIED AND SUPPORTIVE ENVIRONMENT.CABRINI APARTMENTS IS COMPRISED OF 70 ONE-BEDROOM APARTMENTS AND 1 TWO BEDROOM APARTMENT FOR A LIVE-IN SUPERINTENDENT. SIX APARTMENTS ARE DESIGNED PARTICULARLY FOR THOSE WITH PHYSICAL DISABILITIES. A LARGE COMMUNITY ROOM AND KITCHEN, A LIBRARY/CONFERENCE ROOM, LAUNDRY ROOM AND GAME ROOM ARE AN INTEGRAL PART OF THE COMMUNITY. A LARGE FURNISHED AND LANDSCAPED COURTYARD AND A DECK ON THE TOP FLOOR ADD TO THE AMENITIES AVAILABLE TO ALL. OFFICE SPACE FOR STAFF OCCUPIES ONE HALL OFF A GRACIOUS LOBBY WHERE A RECEPTION AREA IS STAFFED FOR SECURITY PURPOSES. A FULL TIME MANAGER OVERSEES THE CABRINI APARTMENTS AND A TENANT COORDINATOR IS EMPLOYED WHOSE RESPONSIBILITY IS TO IDENTIFY NEEDS OF THE TENANTS, LINK SERVICES, ADVOCATE WITH THIRD PARTIES, COMPLETE MUNICIPAL APPLICATIONS FOR BENEFITS, AND COORDINATE EDUCATIONAL AND INFORMATION LECTURES RELATED TO AGING ISSUES AND OTHER SOCIAL ACTIVITIES. ALL EXPENSES OF CABRINI APARTMENTS ARE DIRECTLY RELATED TO PROVIDING SERVICES TO ACHIEVE THE GOALS OF CABRINI HDFCS MISSION.

🔒

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 $672,208

Program Service Revenue $245,681

Investment Income $369

Other Revenue $14,404

TOTAL REVENUE $932,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,082,453

Other Expenses $1,178,863

TOTAL EXPENSES $1,178,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$932,662	$875,757	+0.1%
Expenses	$1,178,863	$1,148,818	+0.0%
Net Income	$-246,201	$-273,061	-0.1%

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

$738,304

Total Directors

$353,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA KRASNAUSKY	PRESIDENT	0.10	Officer Director	$0	$40,676	$353,707
JAMES MIGLIORE	CHAIR	0.20	Officer Director	$0	$0	$0
SR CATHERINE GARRY MSC	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JAMES LEE ESQ	TREASURER	0.10	Officer Director	$0	$0	$0
SR ARLENE VAN DUSEN MSC	SECRETARY	0.10	Officer Director	$0	$0	$0
DONALD AMORUSO	DIRECTOR	0.10	Director	$0	$0	$0
DEBORAH LYNCH	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT DAVIS KENNEDY MD	DIRECTOR, THRU 12/2023	0.10	Director	$0	$0	$0
DAVID ARDITTI	ASSISTANT TREASURER	0.10	Officer	$0	$89,292	$332,789
JUDY CONNOLLY	ASSISTANT SECRETARY, THRU 07/2023	0.10	Officer	$0	$12,692	$51,808

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	$932,662	$1,178,863	$11,416,128	$-246,201
2022	$875,757	$1,148,818	$11,664,805	$-273,061
2021	$846,897	$1,075,740	$11,890,066	$-228,843
2020	$808,998	$1,055,586	$12,104,539	$-246,588
2019	$819,289	$1,037,999	$12,408,071	$-218,710
2018	$766,957	$998,820	$12,546,609	$-231,863

CABRINI HOUSING DEVELOPMENT FUND CORPORATION