GRACELAND TERRACE HOUSING DEVELOPME FUND CORP

EIN: 043732887 501(c)(3) Housing & Shelter

PORT CHESTER, NY

Total Revenue
$114,007
Total Expenses
$58,840
Total Assets
$2,135,197
Net Assets
$2,057,615
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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
2004
Legal Domicile
NY
Principal Officer
ROBERT LEPORE
Phone
9142413550
Tax Period
2024-09-01 to 2025-08-31

GRACELAND TERRACE HOUSING DEVELOPME FUND CORP, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $55K, a strong 48% operating margin.

Mission

GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP. PROVIDES HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME AS DEFINED IN SECTION 2 OF THE PRIVATE HOUSING FINANCE LAW. THESE HOUSING ACCOMODATIONS CONSIST OF AN 80 UNIT APARTMENT BUILDING LOCATED IN THE VILLAGE OF PORTCHESTER, COUNTY OF WESTCHESTER, NEW YORK.

Program Service Accomplishments

Program 1

GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP. PROVIDES HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME AS DEFINED IN SECTION 2 OF THE PRIVATE HOUSING FINANCE LAW. THESE HOUSING...

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GRACELAND TERRACE HOUSING DEVELOPMENT FUND CORP. PROVIDES HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME AS DEFINED IN SECTION 2 OF THE PRIVATE HOUSING FINANCE LAW. THESE HOUSING ACCOMODATIONS CONSIST OF AN 80 UNIT APARTMENT BUILDING LOCATED IN THE VILLAGE OF PORTCHESTER, COUNTY OF WESTCHESTER, NEW YORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $21,987
Other Revenue $92,020
TOTAL REVENUE $114,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,540
Fundraising Expenses $0
Other Expenses $16,300
TOTAL EXPENSES $58,840

Year-over-Year Comparison

2024 2023 Change
Revenue $114,007 $171,168 -0.3%
Expenses $58,840 $58,840 N/A
Net Income $55,167 $112,328 -0.5%
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

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER J CICCONE COMMITTEE ME N/A
Director
$0 $0 $0
CYNTHIA PASSERO TREASURER & N/A
Officer
$0 $0 $0
ROBERT VILATO VICE CHAIRMA N/A
Officer
$0 $0 $0
ROBERT LEPORE CHAIRMAN N/A
Officer Director
$0 $0 $0
DANIEL BRAIA DIRECTOR 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 $114,007 $58,840 $2,135,197 $55,167
2024 $171,168 $58,840 $2,078,255 $112,328
2023 $150,256 $56,750 $1,963,765 $93,506
2022 $125,442 $54,497 $1,880,260 $70,945
2021 $257,462 $53,724 $1,796,416 $203,738
2020 $289,982 $54,269 $1,599,107 $235,713
2019 $166,456 $61,378 $1,355,805 $105,078
2018 $389,302 $255,585 $1,253,348 $133,717
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