ERMA CAVA HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133073995) - 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

SALVATORE GIGANTE

Phone

3477262547

Tax Period

2023-01-01 to 2023-12-31

ERMA CAVA HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $714K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $667K left a modest 7% surplus.

Mission

PROVIDE AFFORADABLE HOUSING FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUSING ACT OF 1959.

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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 $713,857

Investment Income $316

Other Revenue $0

TOTAL REVENUE $714,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,058

Fundraising Expenses $0

Program Expenses $637,763

Other Expenses $602,904

TOTAL EXPENSES $666,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$714,173	$772,460	-0.1%
Expenses	$666,962	$840,253	-0.2%
Net Income	$47,211	$-67,793	-1.7%

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

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

$251,995

Total Directors

$251,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENRICO BOCCIA	CHAIR	0.05	Officer Director	$0	$0	$0
EVELYN VELAZQUEZ	TREASURER/SE	0.05	Officer Director	$0	$0	$0
SALVATORE GIGANTE	VICE PRESIDE	0.30	Officer Director	$0	$0	$251,995
SONAL SHAH	CONTROLLER	0.00	Highest	$0	$0	$139,248

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	$714,173	$666,962	$739,700	$47,211
2022	$772,460	$840,253	$760,692	$-67,793
2021	$667,444	$799,655	$780,553	$-132,211
2020	$-357,647	No data	$1,155,726	No data
2019	$-60,593	No data	$1,195,385	No data
2018	$-10,924	No data	$1,276,821	No data

ERMA CAVA HOUSING DEVELOPMENT FUND COMPANY INC