Citileaf Housing Development Fund … - 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

1997

Legal Domicile

Phone

2129955000

Tax Period

2024-01-01 to 2024-12-31

Citileaf Housing Development Fund Corporation, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.4M left a modest 11% surplus.

Mission

THE MISSION OF CITILEAF HOUSING DEVELOPMENT FUND CORPORATION IS TO PROVIDE SAFE AFFORDABLE HOUSING AND VITAL SUPPORT SERVICES TO MENT AND WOMEN LIVING WITH AQIDS WHO FORMERLY HOMELESS OR MARGINALLY HOUSED.

Program Service Accomplishments

Program 1

Expenses: $1,166,380 Revenue: $581,124

SUPPORTIVE HOUSING IS JUST THAT: HOUSING PLUS SUPPORT. TENANTS HAVE AFFORDABLE APARTMENTS AND EASY ACCESS TO WHATEVER HELP THEY NEED TO STAY HOUSED AND HEALTHY. THEY PAY ONE-THIRD OF THEIR INCOME...

SUPPORTIVE HOUSING IS JUST THAT: HOUSING PLUS SUPPORT. TENANTS HAVE AFFORDABLE APARTMENTS AND EASY ACCESS TO WHATEVER HELP THEY NEED TO STAY HOUSED AND HEALTHY. THEY PAY ONE-THIRD OF THEIR INCOME TOWARD RENT AND GET BOTH A FOOF OVER THEIR HEAS AND ON-SITE ACCESS TO A SUPORT NETWORK OF PROFESSIONALS TO HELP THEM OVERCOME THE CHALLENGES THAT LEFT THEM HOMELESS. SUPPORTIVE HOUSING HAS BECOME ONE OF THE MOST EFFECTIVEAND COST EFFECTIVE INTERVENTIONS EVER DEVISED TO END HOMELESSNESS AMONG THE MOST VULNERABLE: INDIVIDUALS COPING WITH MENTAL ILLNESS TRAUMA ABUSE ADDICTION AND CHRONIC ILLNESS INCLUDING HIV AIDS. SUPPORTIVE HOUSING IS A COMMON-SENSE SOLUTION TO A SEEMINGLY INTRACTABLE SOCIAL PROBLEM. CITILEAF HOUSING PROVIDES PERMEANET SHELTER PLUS CARE: CITILEAF HOUSING PROVIDES 50 RESIDENTS WITH A HEALTHY AND WHOLESOME NIGHTLY MEAL 365 DAYS A YEAR. MEALS ARE CAREFULLY PLANNED AND PREPARED ON A DAILY BASIS BY KETCHEN STAFF INCLUDING A HOT MEAL AND A SALAD BAR STOCKED WITH FRESH PRODUCE AND PROTEIN DISHES. STAFF ALSO PROVIDES SEASONAL MENUS SUCH AS HOLIDAY MEALS AND PICNIC STYLE MEALS ON THE ROOF GARDEN. DURING THE GROWING SEASON STAFF SHOPS AT A GREEN MARKET TO PROVIDE SEASONAL AND LOCAL ITEMS TO OUR RESIDENTS AND FOR PLANTING ON THE ROOF GARDEN. RECREATION: CITILEAF HOUSING PROVIDES A MONTHLY RECREATION PROGRAM AS A WAY FOR RESIDENTS TO ENGAGED IN POSITIVE ACTIVITIES WITHIN THE COMMUNITY AND TO DEEPED RELATIONSHIPS WITH STAFF

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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 (2024)

Revenue Breakdown

Contributions & Grants $943,109

Program Service Revenue $581,124

Investment Income $0

Other Revenue $2,182

TOTAL REVENUE $1,526,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,398

Fundraising Expenses $8,502

Program Expenses $1,166,380

Other Expenses $595,940

TOTAL EXPENSES $1,356,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,415	$1,663,458	-0.1%
Expenses	$1,356,338	$2,090,096	-0.4%
Net Income	$170,077	$-426,638	-1.4%

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

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

$307,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terence Kannengieser	President	2.00	Officer Director	$0	$0	$0
Jason Dull	Treasurer	4.00	Officer Director	$0	$0	$0
Jen Cinclair	Board Member	2.00	Director	$0	$0	$0
Jonathan Goldberg	Board Member	2.00	Director	$0	$0	$0
Michael McClay	Board Member	2.00	Director	$0	$0	$0
Clayton McPhail	Board Member	2.00	Director	$0	$0	$0
Donna M Mills	Board Member	2.00	Director	$0	$0	$0
Annie Soriano	Executive Director	35.00	Officer	$171,301	$0	$171,301
Eduviges Cordero	Controller	35.00	Officer	$135,781	$0	$135,781

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	$1,526,415	$1,356,338	$3,859,032	$170,077
2023	$1,663,458	$2,090,096	$3,493,190	$-426,638
2022	$1,717,122	$2,144,052	$2,875,739	$-426,930
2021	$1,791,768	$2,408,628	$3,212,320	$-616,860
2020	$1,478,963	$2,284,275	$3,818,983	$-805,312
2019	$1,865,458	$2,218,845	$4,331,863	$-353,387
2018	$1,696,650	$2,103,619	$4,849,314	$-406,969

Citileaf Housing Development Fund Corporation