GRACELAND TERRACE HOUSING DEVELOPME FUND CORP (EIN 043732887) - Form 990 Financial Analysis & Trantor Score

🔒

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

2004

Legal Domicile

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.

🔒

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 $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

🔒

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

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	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

GRACELAND TERRACE HOUSING DEVELOPME FUND CORP