CASELLA HOUSES HOUSING DEVELOPMENT… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

VALERIE TORRES

Phone

7188426440

Tax Period

2021-10-01 to 2022-09-30

CASELLA HOUSES HOUSING DEVELOPMENT FUND CORPORATION, founded in 1996, is a small nonprofit that reported $216K in total revenue in fiscal year 2021. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $455K exceeded revenue, resulting in a 111% operating deficit.

Mission

TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES LOCATED IN THE SOUTH BRONX, NY.

Program Service Accomplishments

Program 1

Expenses: $440,670

TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES LOCATED IN THE SOUTH BRONX, NY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,416

Investment Income $608

Other Revenue $0

TOTAL REVENUE $216,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,692

Fundraising Expenses $0

Program Expenses $440,670

Other Expenses $419,794

TOTAL EXPENSES $455,486

Year-over-Year Comparison

	2021	2020	Change
Revenue	$216,024	$943,800	-0.8%
Expenses	$455,486	$872,936	-0.5%
Net Income	$-239,462	$70,864	-4.4%

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

$302,538

Total Directors

$37,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE TORRES	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
JASON BOROFF	VICE CHAIRPE	N/A	Officer Director	$3,038	$0	$37,538
EVELYN VELASQUEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	MEMBER	N/A	Director	$0	$0	$0
JOSEFA SANTOS	MEMBER	N/A	Director	$0	$0	$0
JOAN TRANI	MEMBER	N/A	Director	$0	$0	$0
STEVEN SELTZER	EXECUTIVE DI	1.00	Officer	$0	$0	$153,077
JEAN BONHOMME	CONTROLLER	1.00	Officer	$0	$0	$111,923

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
2022	$216,024	$455,486	No data	$-239,462
2021	$943,800	$872,936	$2,787,148	$70,864
2020	$869,784	$966,026	$2,663,907	$-96,242
2019	$952,660	$876,464	$2,723,745	$76,196
2018	$910,646	$882,689	$2,586,205	$27,957

CASELLA HOUSES HOUSING DEVELOPMENT FUND CORPORATION