NOTRE DAME HOUSING DEV FUND CO INC

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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

1987

Legal Domicile

Principal Officer

CONSOLATO CICCIU

Tax Period

2023-10-01 to 2024-09-30

NOTRE DAME HOUSING DEV FUND CO INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE SUBSIDIZED HOUSING FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER SECTION 202/8 PROGRAM UNDER THE JURISDICTION OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $1,761,051 Revenue: $1,826,823

THE PROJECT IS A 98 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN THE BRONX NEW YORK. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULARLY BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECTS MAJOR PROGRAM IS ITS SECTION 202 DIRECT GRANT.

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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 $1,909,506

Investment Income $421

Other Revenue $197

TOTAL REVENUE $1,910,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,090

Fundraising Expenses $0

Program Expenses $1,761,051

Other Expenses $1,735,939

TOTAL EXPENSES $1,870,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,910,124	$1,687,076	+0.1%
Expenses	$1,870,029	$132,694	+13.1%
Net Income	$40,095	$1,554,382	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LAURA NEGRON	MEMBER	Director	$0	$0	$0
GINA MARIA PERRI	MEMBER	Director	$0	$0	$0
FORTUNATO CICCIU	MEMBER	Director	$0	$0	$0
MARIA L CICCIU	VICE PRESIDENT	Director	$0	$0	$0
CECILIA FERRO	SECRETARYTREASURER	Director	$0	$0	$0
PAUL FRACASSI	MEMBER	Director	$0	$0	$0
CONSOLATO CICCIU	PRESIDENT	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	$1,910,124	$1,870,029	$3,201,026	$40,095
2023	$1,687,076	$2,007,813	$3,272,866	$-320,737
2022	$1,727,945	$1,745,253	$3,508,072	$-17,308
2021	$1,732,557	$1,732,012	$3,644,870	$545
2020	$1,675,680	$1,683,417	$3,722,935	$-7,737