CORNER HOUSE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133770169) - 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

2012

Legal Domicile

Principal Officer

DANIEL E SIFF

Phone

2128736600

Tax Period

2022-07-01 to 2023-06-30

CORNER HOUSE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $537K in total revenue in fiscal year 2022. Expenses of $776K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE CORPORATION OPERATES A HOUSING DEVELOPMENT PROJECT, WHICH CONSISTS OF A TOTAL OF 36 UNITS,LOCATED AT 131 EDGECOMBE AVENUE, NEW YORK, NEW YORK FOR PERSONS WHO ARE MENTALLY DISABLED AND LOW-INCOME INDIVIDUALS OVER THE AGE OF 55.

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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 (2022)

Revenue Breakdown

Contributions & Grants $150,428

Program Service Revenue $363,355

Investment Income $19,976

Other Revenue $2,926

TOTAL REVENUE $536,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,715

Fundraising Expenses $0

Program Expenses $716,450

Other Expenses $515,251

TOTAL EXPENSES $775,966

Year-over-Year Comparison

	2022	2021	Change
Revenue	$536,685	$521,005	+0.0%
Expenses	$775,966	$789,455	0.0%
Net Income	$-239,281	$-268,450	-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

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

$328,512

Total Directors

$328,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODERICK JONES	Secr/treasurer	0.25	Officer Director	$0	$38,563	$328,512
Daniel E SIff	President	0.25	Director	$0	$0	$0
ERIC ROSENFELD	Board Member	0.25	Director	$0	$0	$0
Stephan Russo	board member	0.25	Officer Director	$0	$0	$0
HOWARD STEIN	BOARD MEMBER	0.25	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$536,685	$775,966	$1,787,138	$-239,281
2022	$521,005	$789,455	$2,153,106	$-268,450
2021	$569,389	$685,987	$2,407,983	$-116,598
2020	$565,155	$713,054	$2,514,198	$-147,899
2019	$555,307	$710,201	$2,527,100	$-154,894

CORNER HOUSE HOUSING DEVELOPMENT FUND CORPORATION