BURNT HILLS-BALLSTON LAKE HOUSING DEVELOPMENT FUND COMPANY INC (EIN 141613620) - 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

1979

Legal Domicile

Principal Officer

LORETTA RIGNEY

Phone

5183710339

Tax Period

2024-01-01 to 2024-12-31

BURNT HILLS-BALLSTON LAKE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $185K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROVIDE SAFE, ATTRACTIVE, COMFORTABLE AND AFFORDABLE HOUSING FOR SENIORS AND/OR PEOPLE WITH DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,457

Program Service Revenue $176,069

Investment Income $1,887

Other Revenue $300

TOTAL REVENUE $184,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $145,201

Other Expenses $177,403

TOTAL EXPENSES $189,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,713	$197,950	-0.1%
Expenses	$189,403	$171,901	+0.1%
Net Income	$-4,690	$26,049	-1.2%

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
LORETTA RIGNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN STEC	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM RIGNEY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN LATHROP	TRUSTEE	1.00	Director	$0	$0	$0
MARTY SCOFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
MARY FORMAN	TRUSTEE	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	$184,713	$189,403	$530,993	$-4,690
2023	$197,950	$171,901	$563,889	$26,049
2022	$167,483	$153,535	$557,023	$13,948
2021	$164,159	$165,051	$567,356	$-892
2020	$158,110	$176,376	$597,307	$-18,266
2019	$167,489	$184,724	$623,779	$-17,235
2018	$164,212	$180,086	$652,183	$-15,874

BURNT HILLS-BALLSTON LAKE HOUSING DEVELOPMENT FUND COMPANY INC