CONCORD SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC (EIN 112529354) - 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

1983

Legal Domicile

Principal Officer

JOE GREENE

Phone

5162857500

Tax Period

2023-10-01 to 2024-09-30

CONCORD SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $568K in total revenue in fiscal year 2023. The organization ran a surplus of $137K, a strong 24% operating margin.

Mission

TO PROVIDE RESIDENTIAL RENTAL HOUSING TO LOW-INCOME ELDERLY THROUGH THE SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $538,815

Investment Income $29,240

Other Revenue $0

TOTAL REVENUE $568,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,284

Fundraising Expenses $0

Program Expenses $389,697

Other Expenses $371,302

TOTAL EXPENSES $430,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,055	$594,979	0.0%
Expenses	$430,586	$505,146	-0.1%
Net Income	$137,469	$89,833	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE A ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT WILEY	DIRECTOR	1.00	Director	$0	$0	$0
EVANGELINE S ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH DALLAS JR	TREASURER	1.00	Officer Director	$0	$0	$0
JOE L GREENE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBYN LUCAS-CORA	CFO	1.00	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
2024	$568,055	$430,586	$1,999,841	$137,469
2023	$594,979	$505,146	$1,830,927	$89,833
2022	$533,578	$473,887	$1,697,790	$59,691
2021	$563,933	$507,910	$1,627,901	$56,023
2020	$583,774	$496,397	$1,507,246	$87,377
2019	$553,970	$536,599	$1,332,754	$17,371
2018	$525,405	$494,341	$1,278,216	$31,064

CONCORD SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC