CLARKSTOWN MIDDLEWOOD HOUSING DEVELOPMENT FUND COMPANY INC (EIN 132809873) - 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

1972

Legal Domicile

Principal Officer

GEORGE HOEHMANN

Phone

8453577000

Tax Period

2024-01-01 to 2024-12-31

CLARKSTOWN MIDDLEWOOD HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1972, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

OPERATE A 107-UNIT RESIDENTIAL APARTMENT BUILDING COMPLEX IN NANUET, NEW YORK UNDER SECTION 215 OF THE NATIONAL HOUSING ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,872,378

Program Service Revenue $545,045

Investment Income $5,374

Other Revenue $6,170

TOTAL REVENUE $2,428,967

Expense Breakdown

Grants Paid $810,653

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,452,210

Other Expenses $1,920,714

TOTAL EXPENSES $2,731,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,428,967	$2,446,061	0.0%
Expenses	$2,731,367	$7,584,473	-0.6%
Net Income	$-302,400	$-5,138,412	-0.9%

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

N/A

Employees

N/A

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
GEORGE HOEHMANN	PRESIDENT & CHAIRMAN	5.00	Officer Director	$0	$0	$0
DONALD FRANCHINO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GRAZIANO	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB AXELROD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK CARROLL	DIRECTOR THRU DEC 2024	1.00	Director	$0	$0	$0
MARK B LICKER	DIRECTOR	1.00	Director	$0	$0	$0
MARK WOODS JR	DIRECTOR THRU MAY 2024	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	$2,428,967	$2,731,367	$7,632,593	$-302,400
2023	$2,446,061	$7,584,473	$8,228,452	$-5,138,412
2022	$1,944,288	$6,297,393	$14,620,471	$-4,353,105
2021	$1,141,963	$1,176,662	$1,438,034	$-34,699
2020	$1,160,096	$1,108,548	$1,470,000	$51,548
2019	$1,102,541	$1,045,784	$1,414,880	$56,757
2018	$1,074,848	$970,383	$1,351,799	$104,465

CLARKSTOWN MIDDLEWOOD HOUSING DEVELOPMENT FUND COMPANY INC