COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC

EIN: 133706959 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$268,627
Total Expenses
$756,667
Total Assets
$1,439,050
Net Assets
$-277,947
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
THOMASINA WHITE
Phone
2124319700
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC, founded in 1991, is a small nonprofit in the Recreation & Sports sector that reported $269K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $757K exceeded revenue, resulting in a 182% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO MAKE DECENT AFFORDABLE HOUSING AVAILABLE TO UNDERPRIVILEGED RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $650,010 Revenue: $217,685

COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC. ("CATCH") ACQUIRES AND RENOVATES DISTRESSED BUILDINGS IN NEW YORK CITY, CREATING HOUSING THAT IS PERMANENTLY AFFORDABLE TO VERY LOW- AND LOW-INCOME...

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COMMUNITY ASSISTED TENANT CONTROLLED HOUSING INC. ("CATCH") ACQUIRES AND RENOVATES DISTRESSED BUILDINGS IN NEW YORK CITY, CREATING HOUSING THAT IS PERMANENTLY AFFORDABLE TO VERY LOW- AND LOW-INCOME HOUSEHOLDS. CATCH CREATES MUTUAL HOUSING ASSOCIATION TO OWN AND MANAGE THESE BUILDINGS; THESE MUTUAL HOUSING ASSOCIATIONS ARE DEMOCRATICALLY CONTROLLED BY RESIDENTS. CATCH HAS ACQUIRED AND RENOVATED MORE THAN 50 BUILDINGS CONTAINING MORE THAN 1,000 APARTMENTS.

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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 $10,000
Program Service Revenue $217,685
Investment Income $0
Other Revenue $40,942
TOTAL REVENUE $268,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $650,010
Other Expenses $756,667
TOTAL EXPENSES $756,667

Year-over-Year Comparison

2023 2022 Change
Revenue $268,627 $323,199 -0.2%
Expenses $756,667 $777,126 0.0%
Net Income $-488,040 $-453,927 +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
4
Independent Members
3
Employees
N/A
Volunteers
4

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
$328,652
Total Directors
5
$89,136
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD DERIENZO GEN COUNSEL DIR. OF COMPLIANCE, ASST. TREASURER 1.00
Officer Director
$0 $4,358 $89,136
IRMA RODRIGUEZ CHAIRPERSON 5.00
Officer Director
$0 $0 $0
GREGORY J CARLSON DIRECTOR (THRU JAN 2023) 5.00
Director
$0 $0 $0
WILLIAM HILTON DIRECTOR 5.00
Director
$0 $0 $0
RICK ROBERTO DIRECTOR 5.00
Director
$0 $0 $0
KENNETH G WRAY EXECUTIVE DIRECTOR 16.00
Officer
$0 $5,069 $116,843
THOMASINA WHITE SCHAP DIR- ECTOR, INTERIM ED (AS OF SEP 2023) 16.00
Officer
$0 $18,503 $122,673
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 $268,627 $756,667 $1,439,050 $-488,040
2022 $323,199 $777,126 $1,063,875 $-453,927
2021 $548,328 $221,689 $1,052,154 $326,639
2020 $226,909 $384,663 $966,202 $-157,754
2019 $192,845 $397,486 $1,314,945 $-204,641
2018 $550,726 $440,053 $1,400,175 $110,673
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