BISHOP JAMES DALY GARDENS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC (EIN 113508340) - 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

2001

Legal Domicile

Principal Officer

RICHARD BALCOM

Phone

5167337032

Tax Period

2023-10-01 to 2024-09-30

BISHOP JAMES DALY GARDENS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $520K in total revenue in fiscal year 2023. Net assets of $3.1M represent 72 months of operating reserves.

Mission

THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTIFAMILY PROJECT FOR THE ELDERLY.

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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 $475,362

Investment Income $37,234

Other Revenue $6,937

TOTAL REVENUE $519,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,015

Fundraising Expenses $0

Program Expenses $427,499

Other Expenses $448,306

TOTAL EXPENSES $535,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,533	$516,819	+0.0%
Expenses	$535,321	$511,320	+0.0%
Net Income	$-15,788	$5,499	-3.9%

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
MICHAEL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD BALCOM	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J AHLSTROM JR	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM G CHAPIN	TRUSTEE	1.00	Director	$0	$0	$0
MARYANNE FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PIETROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
GARY CREGAN	TRUSTEE	1.00	Director	$0	$0	$0
JESUS VALDES	TRUSTEE	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	$519,533	$535,321	$3,351,026	$-15,788
2023	$516,819	$511,320	$3,343,004	$5,499
2022	$460,298	$525,222	$3,335,187	$-64,924
2021	$456,071	$485,873	$3,413,085	$-29,802
2020	$460,180	$475,550	$3,448,206	$-15,370
2019	$447,468	$482,366	$3,457,057	$-34,898
2018	$415,902	$458,363	$3,482,476	$-42,461

BISHOP JAMES DALY GARDENS SENIOR HOUSING DEVELOPMENT FUND COMPANY INC