CASELLA PLAZA HOUSING DEVELOPMENT FUND CORPORATION (EIN 133956960) - 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

1997

Legal Domicile

Principal Officer

VALERIE TORRES

Phone

7188426440

Tax Period

2022-07-01 to 2023-06-30

CASELLA PLAZA HOUSING DEVELOPMENT FUND CORPORATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Expenses of $1.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED RESIDENTS OF THE SOUTH BRONX.

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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 $0

Program Service Revenue $1,240,191

Investment Income $11,398

Other Revenue $2,400

TOTAL REVENUE $1,253,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,035

Fundraising Expenses $0

Program Expenses $1,547,671

Other Expenses $1,457,271

TOTAL EXPENSES $1,626,306

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,253,989	$1,243,464	+0.0%
Expenses	$1,626,306	$1,660,178	0.0%
Net Income	$-372,317	$-416,714	-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

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

$333,816

Total Directors

$44,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE TORRES	CHAIR PERSON	N/A	Officer Director	$0	$0	$0
JASON BOROFF	VICE CHAIR	N/A	Officer Director	$0	$0	$29,669
EVELYN VELAZQUEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	TREASURER	N/A	Director	$0	$0	$0
JOSEFA SANTOS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOAN TRANI	BOARD MEMBER	N/A	Director	$0	$0	$14,675
STEVEN SELTZER	EXECUTIVE DI	1.00	Officer	$0	$0	$82,154
JEAN BONHOMME	CONTROLLER	1.00	Officer	$0	$0	$114,039
ANTHONY LYNCH	ACTING EXE D	1.00	Officer	$0	$0	$107,954

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
2023	$1,253,989	$1,626,306	$3,408,504	$-372,317
2022	$1,243,464	$1,660,178	$3,642,198	$-416,714
2021	$1,215,073	$1,513,449	$3,824,522	$-298,376
2020	$1,298,868	$1,480,573	$3,938,060	$-181,705
2019	$1,272,112	$1,422,126	$3,878,120	$-150,014
2018	$1,273,621	$1,326,309	$3,946,861	$-52,688

CASELLA PLAZA HOUSING DEVELOPMENT FUND CORPORATION