CHHAYA COMMUNITY DEVELOPMENT CORPO… - Form 990 Financial Data

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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

Phone

7184783848

Tax Period

2023-01-01 to 2023-12-31

CHHAYA COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a community nonprofit in the Crime & Legal sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $850K, a strong 24% operating margin.

Mission

CHHAYA COMMUNITY DEVELOPMENT CORPORATION CHHAYA WAS FOUNDED IN 2000 INCORPORATED IN 2001 TO ADVOCATE FOR THE HOUSING NEEDS OF NEW YORK CITYS SOUTH ASIAN ORIGIN COMMUNITIES. CHHAYAS MISSION IS TO BUILD THE POWER, HOUSING STABILITY, AND ECONOMIC WELL-BEING OF SOUTH ASIAN AND INDO-CARRIBEAN COMMUNITIES IN NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $963,857 Revenue: $379,890

HOUSING JUSTICE AIMS AT PROTECTING, PRESERVING, AND PROMOTING AFFORDABLE HOUSING IN NEW YORK CITYS LOW-TO-MODERATE-INCOME NEIGHBORHOODS. CHHAYA PROVIDES DIRECT SERVICE COUNSELING TO FIRST-TIME HOME BUYERS AND TENANTS REQUIRING SUPPORT. CHHAYA ORGANIZES COMMUNITY MEMBERS TO SUPPORT ADVOCACY EFFORTS TO PROTECT, PRESERVE AND PROMOTE AFFORDABLE HOUSING IN NEW YORK CITY.

Program 2

Expenses: $468,548 Revenue: $98,064

ECONOMIC JUSTICE AIMS TO PROVIDE ITS CLIENTS WITH THE TOOLS AND INFORMATION THEY NEED TO ACHIEVE LONG-TERM ECONOMIC INDEPENDENCE THROUGH CAREER DEVELOPMENT, FINANCIAL CAPABILITY, AND ASSET BUILDING. THIS IS ACHIEVED THROUGH FINANCIAL COUNSELING, EDUCATION, FREE TAX PREP SUPPORT, LENDING CIRCLE, AND OTHER RELATED PROGRAMS.

Program 3

Expenses: $285,285 Revenue: $190,607

IMMIGRATION PROVIDE SUPPORT TO COMMUNITY MEMBERS LOOKING FOR IMMIGRANT LEGAL SERVICES BY CONNECTING THEM TO AN ATTORNEY THAT CAN GUIDE AND REPRESENT THE MEMBER AND HELPING THEM NAVIGATE THE...

IMMIGRATION PROVIDE SUPPORT TO COMMUNITY MEMBERS LOOKING FOR IMMIGRANT LEGAL SERVICES BY CONNECTING THEM TO AN ATTORNEY THAT CAN GUIDE AND REPRESENT THE MEMBER AND HELPING THEM NAVIGATE THE IMMIGRATION PROCESS.

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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 $2,655,597

Program Service Revenue $914,421

Investment Income $28

Other Revenue $1,124

TOTAL REVENUE $3,571,170

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $2,006,394

Fundraising Expenses $192,418

Program Expenses $2,154,734

Other Expenses $710,058

TOTAL EXPENSES $2,720,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,571,170	$2,477,149	+0.4%
Expenses	$2,720,952	$2,354,657	+0.2%
Net Income	$850,218	$122,492	+5.9%

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

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

$439,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTA SEECHARRAN	EXECUTIVE DIRECTOR	040.00	Officer	$179,653	$20,976	$200,629
SADIA RAHMAN	DEPUTY DIRECTOR OF POLICY	040.00	Officer	$122,596	$9,141	$131,737
JOSE MIRANDA	DIRECTOR OF PROGRAMS	040.00	Officer	$99,182	$8,202	$107,384
ANOUSKA CHEDDIE	CO-CHAIR	002.00	Officer Director	$0	$0	$0
RESHMA PATEL	CO-CHAIR	002.00	Officer Director	$0	$0	$0
ALLISON BALL	TREASURER	002.00	Officer Director	$0	$0	$0
CHRISTOPHER HANWAY	SECRETARY	002.00	Officer Director	$0	$0	$0
JEREMY BENJAMIN	DIRECTOR	002.00	Director	$0	$0	$0
RYAN D BUDHU	DIRECTOR	002.00	Director	$0	$0	$0
MUHAMMED HUSSAIN	DIRECTOR	002.00	Director	$0	$0	$0
GURJOT KAUR	DIRECTOR	002.00	Director	$0	$0	$0
NAHIDA UDDIN	DIRECTOR	002.00	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	$3,571,170	$2,720,952	$3,938,658	$850,218
2022	$2,477,149	$2,354,657	$3,060,040	$122,492
2021	$3,096,836	$1,867,603	$3,049,492	$1,229,233
2021	$2,877,914	$1,867,140	$2,763,055	$1,010,774
2020	$1,975,144	$1,861,553	$1,716,265	$113,591
2019	$1,793,531	$1,499,554	$1,327,519	$293,977

CHHAYA COMMUNITY DEVELOPMENT CORPORATION