BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY SERVICES HOUSING DEVELOPMENT CORPORATION, founded in 1972, is a micro nonprofit in the Housing & Shelter sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 188% operating deficit.
The stabilization of the community's housing stock through the development of low- and moderate income housing, with the creation of ancillary social service programs thereby enabling community residents and tenants to have safe, clean and affordable housing, and services that increase the quality of life for the community
CSHDC operated a Food Pantry that provided food, with a goal of three meals for three days for a family of four. CSHDC met the food needs of an average of 2,200 individuals a month, including over...
CSHDC operated a Food Pantry that provided food, with a goal of three meals for three days for a family of four. CSHDC met the food needs of an average of 2,200 individuals a month, including over 900 children, who were able to supplement their diet through the operation of the Food Pantry. During the winter months, November to January, CSHDC operated a Winter Coat Program where we provided over 150 winter coats to community residents, men, women, and children. The organization operated both programs though participation in municipally funded programs. The Food Pantry and the Winter Coat Program were provided without fee to our residents and community.Tax Preparation Program - CSHDC, through participation with the Food Bank of NYC VITA/TCE program, offered free tax preparation services to the community. CSHDC completes two courses through the IRS, Standards of Conduct, and an Intake/Interview to meet the qualification for participation. This year we completed federal, state, and local returns for over 150 individuals and families. The program operates from January to April and is funded by CSHDC through its own resource.
Housing program - Community Services Housing Development Corp. works to stabilize and maintain the stability of the community through a number of tools. The development of low- and moderate-income...
Housing program - Community Services Housing Development Corp. works to stabilize and maintain the stability of the community through a number of tools. The development of low- and moderate-income housing, management of low- and moderate-income housing; the creation and operation of social service programs that provide needed support services to the general community and to the residents. Over the last year, January to December, Community Services Housing Development Corp.(CSHDC) managed 219 units of low-income housing including two low-income tenant owned Co-ops. CSHDC's management stabilized and worked to preserve these properties, providing essential services heat and hot water, cleaning, security- and other necessary services to maintain the viability of these buildings. This enabled the residents, over 65% of who are categorized, using HUD data, as low- and very low income homes to maintain affordable homes in the community.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $26,024 | $110,598 | -0.8% |
| Expenses | $74,887 | $258,355 | -0.7% |
| Net Income | $-48,863 | $-147,757 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Albion Liburd | Executive Dir. | 40.00 |
Officer
|
$10,448 | $0 | $10,448 |
| Rev Dan Craig | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Etta M Rice | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Harry Springer | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Bruce Weiner | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $26,024 | $74,887 | $2,022,559 | $-48,863 |
| 2022 | $110,598 | $258,355 | $2,064,372 | $-147,757 |
| 2021 | $159,989 | $303,626 | $630,429 | $-143,637 |
| 2020 | $200,869 | $291,184 | $794,840 | $-90,315 |
| 2019 | $136,683 | $315,810 | $941,793 | $-179,127 |
| 2018 | $81,439 | $80,054 | $1,261,060 | $1,385 |
Compare COMMUNITY SERVICES HOUSING DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.