CATHOLIC CHARITIES PROGRESS OF PEOPLES DEVELOPMENT CORPORATION (EIN 112431586) - 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

1976

Legal Domicile

Phone

7187226000

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC CHARITIES PROGRESS OF PEOPLES DEVELOPMENT CORPORATION, founded in 1976, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $9.3M, a strong 81% operating margin.

Mission

SPONSOR, ARRANGE AND PROVIDE AFFORDABLE HOUSING TO LOW, MODERATE, AND MIDDLE INCOME RESIDENTS INCLUDING THE ELDERLY RESIDING IN BROOKLYN AND QUEENS, NEW YORK CITY, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,695,137

Investment Income $6,620,998

Other Revenue $243,477

TOTAL REVENUE $11,559,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,109,238

Fundraising Expenses $0

Program Expenses $526,673

Other Expenses $1,116,815

TOTAL EXPENSES $2,226,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,559,612	$12,353,348	-0.1%
Expenses	$2,226,053	$2,342,422	0.0%
Net Income	$9,333,559	$10,010,926	-0.1%

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

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

$786,742

Total Directors

$461,158

Key Employees

$240,189

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMMIE GLYNN RYAN	EXECUTIVE SEC/COS/GENERAL COUNSEL	0.2	Officer Director	$0	$35,524	$364,408
GAIL DUKE	TREASURER	0.5	Officer Director	$0	$0	$0
JOHN CANTIRINO	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
JOSEPH GIAMBOI	PRESIDENT	1.0	Officer Director	$0	$0	$0
REV MSGR ALFRED P LOPINTO	CEO	0.2	Officer Director	$0	$12,769	$49,769
REV RICHARD J AHLEMEYER	SECRETARY (THRU 05/2024)	1.0	Officer Director	$0	$0	$0
VERY REV PATRICK KEATING	DEPUTY CEO	0.2	Officer Director	$0	$1,981	$46,981
ALEXANDRA GUPTA	DIRECTOR (AS OF 12/2024)	1.0	Director	$0	$0	$0
ANDREAS SYMIETZ	DIRECTOR	0.5	Director	$0	$0	$0
DANIEL GREENE	DIRECTOR	0.5	Director	$0	$0	$0
JOHN TYNAN	DIRECTOR	0.5	Director	$0	$0	$0
NICHOLAS PAOLILLO	DIRECTOR	0.5	Director	$0	$0	$0
PAUL T CASSONE	DIRECTOR	1.0	Director	$0	$0	$0
PETER CASTELLANA	DIRECTOR	0.5	Director	$0	$0	$0
THOMAS J GRECH	DIRECTOR	0.5	Director	$0	$0	$0
CHRISTINE D'OTTAVIO	CFO	0.2	Officer	$0	$36,759	$325,584
TIMOTHY MCMANUS	SENIOR VP	35.0	Key Emp	$228,156	$12,033	$240,189
DAVID DOWNS	VP PROGRAM MANAGEMENT	35.0	Highest	$180,928	$7,303	$188,231
JACOB E GOTTFRIED	SR. PROJECT DIRECTOR	35.0	Highest	$126,421	$9,037	$135,458
JENNIFER SWIFT	ASSOCIATE DIRECOR	35.0	Highest	$145,231	$5,822	$151,053

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	$11,559,612	$2,226,053	$147,015,503	$9,333,559
2024	$12,353,348	$2,342,422	$136,928,045	$10,010,926
2023	$8,394,564	$2,069,061	$123,186,682	$6,325,503
2022	$4,956,301	$6,332,105	$113,609,338	$-1,375,804
2021	$15,214,532	$1,703,404	$119,352,239	$13,511,128
2020	$16,656,581	$3,950,375	$101,941,563	$12,706,206
2019	$3,794,638	$3,598,756	$88,755,172	$195,882
2018	$3,639,238	$1,255,066	$90,192,255	$2,384,172

CATHOLIC CHARITIES PROGRESS OF PEOPLES DEVELOPMENT CORPORATION