1378 COLLEGE AVENUE HDFCINC

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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

Tax Period

2023-01-01 to 2023-12-31

1378 COLLEGE AVENUE HDFCINC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $869K represent 26 months of operating reserves.

Mission

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTIUNITIES FOR THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $343,194 Revenue: $387,921

REVENUES ARE GENERATED BY LOW TO MODERATE INCOME FAMILY SUBSIDIZED RENTALS OCCUPYING THE PROPERTY, THEREFORE MAINLY RENTAL INCOME DERIVED FROM THOSE RENTALS. THE ASSOCIATED EXPENSES REPRESENT...

REVENUES ARE GENERATED BY LOW TO MODERATE INCOME FAMILY SUBSIDIZED RENTALS OCCUPYING THE PROPERTY, THEREFORE MAINLY RENTAL INCOME DERIVED FROM THOSE RENTALS. THE ASSOCIATED EXPENSES REPRESENT ADMINISTRATIVE FEES, UTILITIES, REPAIR AND MAINTENANCE, AS WELL AS TAX AND INSURANCE EXPENSES ALL NECESSARY COMPONENTS TO EFFICIENTLY OPERATE THE PREMISES AND ABIDE BY REGULATIONS.

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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 $387,921

Investment Income $12,018

Other Revenue $0

TOTAL REVENUE $399,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,088

Fundraising Expenses $0

Program Expenses $343,194

Other Expenses $408,557

TOTAL EXPENSES $422,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,939	$360,590	+0.1%
Expenses	$422,645	$432,558	0.0%
Net Income	$-22,706	$-71,968	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL FRACASSI	VICE PRESIDENT	0.25	Director	$0	$0	$0
CECILIA FERRO	SECRETARY	1.00	Director	$0	$0	$0
CONSOLATO CICCIU	PRESIDENT	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	$399,939	$422,645	$998,266	$-22,706
2022	$360,590	$432,558	$955,761	$-71,968
2021	$374,068	$383,863	$1,015,737	$-9,795
2020	$392,724	$353,994	$1,018,808	$38,730