CASABE HOUSING DEVELOPMENT FUND COR

EIN: 133076734 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$222,569
Total Expenses
$373,594
Total Assets
$6,595,956
Net Assets
$6,582,956
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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
1981
Legal Domicile
NY
Principal Officer
FRANK QUILES
Phone
2124106030
Tax Period
2023-10-01 to 2024-09-30

CASABE HOUSING DEVELOPMENT FUND COR, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $223K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $374K exceeded revenue, resulting in a 68% operating deficit.

Mission

CASABE HOUSING DEVELOPMENT FUND CORPORATION WAS INCORPORATED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE CORPORATION WAS FORMED EXCLUSIVELY TO DEVELOP A SENIOR CITIZEN'S HOUSING PROJECT FOR PERSONS OF LOW INCOME AND IS SUPPORTED BY A FEDERALLY AIDED MORTGAGE AS DEFINED IN SECTION 572 OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $279,683

PROVIDE SOCIAL SERVICES TO ELDERLY RESIDENTS IN THE COMMUNITY AND DEVELOPMENT OF AFFORDABLE HOUSING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $222,569
Other Revenue $0
TOTAL REVENUE $222,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $279,683
Other Expenses $373,594
TOTAL EXPENSES $373,594

Year-over-Year Comparison

2023 2022 Change
Revenue $222,569 $234,617 -0.1%
Expenses $373,594 $374,437 0.0%
Net Income $-151,025 $-139,820 +0.1%
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

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Governance

Voting Members
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK QUILES CHAIR N/A
Officer Director
$0 $0 $0
DEBORAH QUINONES VICE CHAIR N/A
Officer Director
$0 $0 $0
MARIA FIGUEROA SECRETARY N/A
Officer Director
$0 $0 $0
JUAN RIVERA TREASURER N/A
Officer Director
$0 $0 $0
JOSEPHINE ROSARIO MEMBER N/A
Director
$0 $0 $0
HUMBERTO CINTRON MEMBER N/A
Director
$0 $0 $0
JOSEPH CLARK MEMBER N/A
Director
$0 $0 $0
CARLOS PAGAN MEMBER N/A
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 $222,569 $373,594 $6,595,956 $-151,025
2023 $234,617 $374,437 $6,212,263 $-139,820
2022 $389,394 $380,305 $6,161,290 $9,089
2021 $452,530 $307,713 $6,959,807 $144,817
2020 $227,660 $307,347 $6,729,675 $-79,687
2019 $260,793 $343,120 $6,590,376 $-82,327
2018 $737,464 $406,878 $6,738,480 $330,586
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