HACD CORPORATION (EIN 061318124) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

DEVIN LUCIANO MARRA

Phone

2037442500

Tax Period

2023-01-01 to 2023-12-31

HACD CORPORATION, founded in 1990, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $511K, a strong 33% operating margin.

Mission

TO PROVIDE HOUSING FOR HOMELESS AND LOW INCOME INDIVIDUALS

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $939,452

Investment Income $603,557

Other Revenue $687

TOTAL REVENUE $1,543,696

Expense Breakdown

Grants Paid $926,125

Salaries & Benefits $28,327

Fundraising Expenses $0

Program Expenses $1,008,226

Other Expenses $78,287

TOTAL EXPENSES $1,032,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,543,696	$960,793	+0.6%
Expenses	$1,032,739	$1,079,151	0.0%
Net Income	$510,957	$-118,358	-5.3%

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

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

$559,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF M RIECK	EXECUTIVE DIRECTOR	5.00	Officer	$0	$38,856	$190,200
JEFFREY A PAGELSON	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$61,665	$206,675
DEVIN LUCIANO-MARRA	DIRECTOR OF FINANCIAL OPERATIONS AND IT	5.00	Officer	$0	$57,448	$162,180
JENNIFER DELANEY	DIRECTOR OF OPERATIONS	5.00	Highest	$0	$48,270	$179,962
JESSICA CASTRO	OPERATIONS MANAGER	5.00	Highest	$0	$48,897	$161,954
DOMENICO CHIEFFALO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RAYMOND YAMIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROSE MORRISON	RESIDENT COMMISSIONER	1.00	Director	$0	$0	$0
SHAY NAGARSHETH	COMMISSIONER	1.00	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
2024	No data	No data	No data	No data
2023	$1,543,696	$1,032,739	$3,785,703	$510,957
2022	$960,793	$1,079,151	$3,468,870	$-118,358
2021	$859,070	$960,322	$3,585,914	$-101,252
2020	$862,561	$964,725	$3,900,247	$-102,164
2019	$677,916	$818,166	$3,881,790	$-140,250
2018	$608,512	$683,590	$4,151,067	$-75,078

HACD CORPORATION