COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY (EIN 134145926) - 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

2000

Legal Domicile

Principal Officer

THOMAS YU

Phone

2129642288

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 186% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 14% surplus.

Mission

COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY, INC. ("CHHDFC") WAS ESTABLISHED TO INCREASE AND IMPROVE NEW YORK CITY'S AFFORDABLE HOUSING STOCK WHILE PROMOTING AND ADVANCING HOME OWNERSHIP FOR MINORITY, IMMIGRANT, LOW- AND MODERATE- INCOME, AND UNDERSERVED POPULATIONS. CHHDFC ACQUIRES AND SUBSEQUENTLY REHABILITATES OR BUILDS NEW ONE- TO FOUR- FAMILY HOMES. WITH A STRONG BELIEF IN THE WEALTH-GENERATING EFFECTS ON HOME OWNERSHIP IN COMMUNITIES, CHHDFC THEN SELLS THE HOME IT DEVELOPS TO FAMILIES IN TARGETED POPULATIONS. CHHDFC ALSO HELPS TO PREPARE THESE FAMILIES TO PURCHASE THEIR HOMES THROUGH A SYSTEM OF REFERRALS TO AN AFFILIATE COUNSELING AND TRAINING PROVIDER.

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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 $301,565

Investment Income $7

Other Revenue $2,883,593

TOTAL REVENUE $3,185,165

Expense Breakdown

Grants Paid $1,458,967

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,702,902

Other Expenses $1,275,658

TOTAL EXPENSES $2,734,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,185,165	$1,113,756	+1.9%
Expenses	$2,734,625	$696,845	+2.9%
Net Income	$450,540	$416,911	+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

N/A

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

$1,131,481

Total Directors

$762,986

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HSUEH LAM YAN	SECRETARY/DIR. ASSET &PRP. MGT	1.00	Officer Director	$0	$22,333	$200,614
HUI-YUAN NELSON CHAN	TREASURER/MANG. DIR. OF COMM. SVCS	1.00	Officer Director	$0	$48,163	$217,063
THOMAS YU	PRESIDENT/ED	5.00	Officer Director	$0	$66,264	$345,309
MY T CHANG	VICE PRESIDENT/CHIEF OF STAFF	1.00	Officer	$0	$8,044	$147,904
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER	1.00	Officer	$0	$28,046	$220,591

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	$3,185,165	$2,734,625	$12,465,829	$450,540
2022	$1,113,756	$696,845	$13,038,441	$416,911
2021	$1,665,527	$852,288	$14,873,886	$813,239
2020	$1,337,227	$1,357,738	$19,167,388	$-20,511
2019	$537,474	$908,462	$18,222,076	$-370,988
2018	$556,411	$483,255	$18,963,675	$73,156

COMMUNITY HOMES HOUSING DEVELOPMENT FUND COMPANY