NEW ROCHELLE COMMUNITY HOUSING DEVELOPMENT CORPORATION (EIN 133735311) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

CHARLES DEPASQUALE

Phone

9146337092

Tax Period

2023-01-01 to 2023-12-31

NEW ROCHELLE COMMUNITY HOUSING DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 304% operating deficit.

Mission

TO OWN, ACQUIRE, BUILD, AND SELL AFFORDABLE SINGLE FAMILY HOMES TO LOW-INCOME FIRST TIME HOMEBUYERS IN WESTCHESTER COUNTY, NEW YORK.

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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 $275,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $275,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,113,197

Other Expenses $1,113,197

TOTAL EXPENSES $1,113,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,250	$275,251	0.0%
Expenses	$1,113,197	$2,012,989	-0.4%
Net Income	$-837,947	$-1,737,738	-0.5%

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

$243,843

Total Directors

$243,843

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C FREEMAN	PRESIDENT	1.00	Director	$0	$0	$0
CHARLES J DEPASQUALE	EXECUTIVE VICE PRESIDENT	35.00	Officer Director	$0	$36,995	$243,843
WALDO BEST	TREASURER	1.00	Director	$0	$0	$0
MARY SMITH	SECRETARY	1.00	Director	$0	$0	$0
DANIEL SOLIMINE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$275,250	$1,113,197	$1,501,443	$-837,947
2022	$275,251	$2,012,989	$2,326,193	$-1,737,738
2021	$575,251	$12,958	$4,050,942	$562,293
2020	$275,251	$6,110,301	$3,475,691	$-5,835,050
2019	$276,026	$362,880	$9,300,440	$-86,854
2018	$275,251	$1,463,147	$9,360,631	$-1,187,896

NEW ROCHELLE COMMUNITY HOUSING DEVELOPMENT CORPORATION