CNGCS Development Corporation (EIN 113365841) - 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

1997

Legal Domicile

Principal Officer

Jeffrey Friedman

Phone

5168226111

Tax Period

2023-01-01 to 2023-12-31

Mission

A title holding corporation that helps provide housing opportunities for those affected by mental illness, psychological difficulties, addiction and dependency problems.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,957

Other Expenses $47,957

TOTAL EXPENSES $47,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$47,957	$46,016	+0.0%
Net Income	N/A	$-46,016	N/A

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

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
Mitchell Abrons	Director	3.00	Director	$0	$0	$0
Liz Burke	Director	3.00	Director	$0	$0	$0
John Ciejka	Director	3.00	Director	$0	$0	$0
Christopher Gagliardi	Treasurer	3.00	Officer Director	$0	$0	$0
DuWayne Gregory	Director	3.00	Director	$0	$0	$0
Lisa LaMacchia	Director	3.00	Director	$0	$0	$0
Leonard Parness	Director	3.00	Director	$0	$0	$0
Anthony Pisano	Director	3.00	Director	$0	$0	$0
Mark Seiden	Director	3.00	Director	$0	$0	$0
Brian Strouse	Director	3.00	Director	$0	$0	$0
Rajvee Vora	Director	3.00	Director	$0	$0	$0
JAMES F OBRIEN ESQ	President	3.00	Officer Director	$0	$0	$0
CARL GROSSBARD	Vice President	3.00	Officer Director	$0	$0	$0
AUDIE KRANZ	Vice President	3.00	Officer Director	$0	$0	$0
Charles Rich	Director	3.00	Director	$0	$0	$0
SERGIO TENAGLIA	Secretary	3.00	Officer Director	$0	$0	$0
Danielle Parsons	Director	3.00	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	No data	$47,957	$986,947	No data
2022	No data	$46,016	$1,025,404	No data
2021	$26,255	$218,943	$422,692	$-192,688
2020	No data	$280,561	$422,930	No data
2019	No data	$122,168	$731,362	No data
2018	$14,276	$220,000	$761,157	$-205,724

CNGCS Development Corporation