CLINTON HOUSING DEVELOPMENT FUND CORPORATION (EIN 133051006) - 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

1980

Legal Domicile

Principal Officer

JOSEPH RESTUCCIA

Phone

2129671644

Tax Period

2023-01-01 to 2023-12-31

CLINTON HOUSING DEVELOPMENT FUND CORPORATION, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO DEVELOP, MANAGE AND MAINTAIN, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW INCOME.

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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 $2,154,831

Investment Income $4,786

Other Revenue $18,995

TOTAL REVENUE $2,178,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,775

Fundraising Expenses $0

Program Expenses $2,470,321

Other Expenses $2,031,546

TOTAL EXPENSES $2,470,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,178,612	$2,277,456	0.0%
Expenses	$2,470,321	$2,725,633	-0.1%
Net Income	$-291,709	$-448,177	-0.3%

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
DAVID KORMAN	SECRETARY	N/A	Director	$0	$0	$0
LUZ MONJE	PRESIDENT	N/A	Director	$0	$0	$0
JOSEPH RESTUCCIA	TREASURER	N/A	Officer 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	$2,178,612	$2,470,321	$23,829,573	$-291,709
2022	$2,277,456	$2,725,633	$25,742,244	$-448,177
2021	$1,920,639	$2,611,919	$25,748,489	$-691,280
2020	$2,186,993	$2,508,718	$25,523,132	$-321,725
2019	$2,312,455	$2,496,971	$26,961,563	$-184,516
2018	$2,060,838	$2,496,642	$24,583,043	$-435,804

CLINTON HOUSING DEVELOPMENT FUND CORPORATION