COMMUNITY POTENTIAL INC

EIN: 043664898 501(c)(3) Housing & Shelter

BINGHAMTON, NY

Total Revenue
$35,316
Total Expenses
$190,379
Total Assets
$1,637,799
Net Assets
$1,424,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
JEAN WESCOTT
Phone
6077239491
Tax Period
2023-07-01 to 2024-06-30

COMMUNITY POTENTIAL INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $190K exceeded revenue, resulting in a 439% operating deficit.

Mission

COMMUNITY POTENTIAL'S MISSION IS TO INCREASE THE NUMBER OF AVAILABLE HOUSING UNITS IN BINGHAMTON AND BROOME COUNTY THROUGH THE CONSTRUCTION OF NEW LOW-INCOME HOUSING, AND TO IMPROVE AND RENOVATE SUB-STANDARD PROPERTIES. THE CORPORATION WILL ALSO ASSIST LOW AND MODERATE-INCOME FAMILIES IN SEARCHING FOR AND FINANCING SINGLE-FAMILY HOUSING THROUGH WORKSHOPS AND COUNSELING AS WELL AS ASSISTANCE IN BORROWING FUNDS. IN ADDITION, PROVIDE PROGRAMS, PROJECTS, AND WORKSHOPS FOR EMPLOYMENT TRAINING IN BASIC JOB SKILL FOR TEENAGED YOUTH AND LOW AND MODERATE INCOME FAMILIES AND PERSONS AND TO ASSIST AND CARRY OUT LOW AND MODERATE INCOME HOUSING PROGRAMS BY SEEKING GRANTS, IMPROVING PROPERTIES FOR LOW INCOME HOUSING USE, AND IMPROVING SERVICES SUCH AS GROCERY STORES, HEALTH CARE ACCESS IN LOW INCOME HOUSING COMMUNITIES AND PROVIDE SERVICES TO ADULT CARE FACILITIES SUCH AS GROCERY DELIVERY, HOME HEALTH AIDES, AND RECREATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $35,316
TOTAL REVENUE $35,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,749
Fundraising Expenses $0
Program Expenses $186,854
Other Expenses $118,630
TOTAL EXPENSES $190,379

Year-over-Year Comparison

2023 2022 Change
Revenue $35,316 $42,362 -0.2%
Expenses $190,379 $90,478 +1.1%
Net Income $-155,063 $-48,116 +2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
5
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WARHOLIC PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN MARCHUSKA VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
NATE KELSEY SECRETARY 1.00
Officer Director
$0 $0 $0
BARRY JOHN BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY COLLETTI BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA SCHAEFER BOARD MEMBER 1.00
Director
$0 $0 $0
LESLEY CORNWALL BOARD MEMBER 1.00
Director
$0 $0 $0
TAMI ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN WESTCOTT CEO 2.00
Officer
$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 No data No data No data No data
2024 $35,316 $190,379 $1,637,799 $-155,063
2023 $42,362 $90,478 $1,644,709 $-48,116
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