New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Christian Herald Housing Development Fund Corporation (CHHDFC) had a contract with the New York City Department of Homeless Services to operate a 77-bed facility, The Bowery Mission Transitional Center, at 45-51 Avenue D in Manhattan, which ended on June 30, 2017 and was not renewed. CHHDFC is related to Christian Herald Association (CHA), doing business as The Bowery Mission, which has served New Yorkers in need since 1879. CHHDFC and CHA share the goal of being the most effective provider of compassionate care and life transformation for hurting people in New York City. While City-provided public funds are strictly withheld from any faith-based activity, those organizations' faith-based approach to the worst social problems of the city has been their foundation of success for 133 years. Neither CHA nor CHHDFC has ever affiliated with a particular church or denomination, and services are provided to all regardless of their beliefs. Our vision is clear: We are called to minister in New York City to men, women, and children caught in cycles of poverty, hopelessness, and dependencies on many kinds, and to see their lives transformed to hope, joy, lasting productivity, and eternal life through the power of Jesus Christ.
The information below reflects the Christian Herald Housing Development Fund (CHHDFC) operations as of 6/30/17. As mentioned in the 990 filed for 6/30/17, the contract with the Department of Homeless...
The information below reflects the Christian Herald Housing Development Fund (CHHDFC) operations as of 6/30/17. As mentioned in the 990 filed for 6/30/17, the contract with the Department of Homeless Services contract ended on June 30, 2017. At that time, CHHDFC ceased operations and has remained inactive ever since.The Bowery Mission Transitional Center is designed to transition formerly homeless men into independent living. Residents participate in counseling, addiction recovery, career education, and training at our on-site career center as well as job search, employment, savings, and transition into independent living. 77 men can participate in the program at one time, living in single-room occupancy units.Since it opened in January 1994, The Bowery Mission Transitional Center has helped more than 1,600 men move out of the New York City shelter system. Since 1999, the Transitional Center has consistently ranked among the City's most effective substance abuse providers, measured by percent of target housing placements achieved in the Department of Homeless Services rubric of criteria. In FY 2017, The Bowery Mission Transitional Center had 55 men move from homelessness into independent living. The Department of Homeless Services contract ended on June 30, 2017. Management does not intend to renew the contract with the New York City Department of Homeless Services going forward and instead will fund the organization through contributions.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Expenses | $103,782 | $294,951 | -0.6% |
| Net Income | N/A | $-294,951 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| James Winans | President/CEO | 1.00 |
Officer
Director
|
$0 | $12,849 | $229,414 |
| Charles W Veth | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Vaughn Weimer | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Summer Ellis | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Pamela Leggett | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Ginni Elmore | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jamie Knauss | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Hank Higdon | Director (part year) | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Depue | CFAO/Treasurer/Secretary | 1.00 |
Officer
|
$0 | $27,496 | $242,209 |
| David P Jones | Former President/CEO | 0.00 |
|
$0 | $0 | $200,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | No data | $103,782 | $1,599,079 | No data |
| 2020 | No data | $294,951 | $1,702,861 | No data |
| 2019 | $1,551 | $103,778 | $1,997,784 | $-102,227 |
| 2018 | No data | $108,444 | $2,108,505 | No data |
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