CASELLA PLAZA HOUSING DEVELOPMENT FUND CORPORATION

EIN: 133956960 501(c)(3) Community Improvement

BRONX, NY

Total Revenue
$1,253,989
Total Expenses
$1,626,306
Total Assets
$3,408,504
Net Assets
$-7,815,544
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
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.

Program Service Accomplishments

Program 1
Expenses: $1,547,671

TO PROVIDE LOW INCOME ELDERLY AND HANDICAPPED HOUSING TO 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
7
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
6
$333,816
Total Directors
6
$44,344
Key Employees
0
$0
Highest Compensated
0
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
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