PUTNAM COUNTY HOUSING CORPORATION

EIN: 141645491 501(c)(3)

CARMEL, NY

Total Revenue
$1,977,552
Total Expenses
$1,759,633
Total Assets
$2,640,494
Net Assets
$2,068,196
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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
1983
Legal Domicile
NY
Principal Officer
RICHARD WEISS
Phone
8452258493
Tax Period
2024-01-01 to 2024-12-31

PUTNAM COUNTY HOUSING CORPORATION, founded in 1983, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.8M left a modest 11% surplus.

Mission

TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING TO PUTNAM COUNTY RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $604,469
Program Service Revenue $1,339,960
Investment Income $4,539
Other Revenue $28,584
TOTAL REVENUE $1,977,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,283,240
Fundraising Expenses $0
Program Expenses $1,659,516
Other Expenses $476,393
TOTAL EXPENSES $1,759,633

Year-over-Year Comparison

2024 2023 Change
Revenue $1,977,552 $3,674,119 -0.5%
Expenses $1,759,633 $3,119,989 -0.4%
Net Income $217,919 $554,130 -0.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
28
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
$194,005
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL GREENBERG PRESIDENT 1.00
Officer Director
$0 $0 $0
EDWARD SCHAFFER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM HUESTIS SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD WEISS TREASURER 1.00
Officer Director
$0 $0 $0
DEACON JOHN SCARFI DIRECTOR 1.00
Director
$0 $0 $0
MARGORIE SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
RABBI SARAH FREIDSON DIRECTOR 1.00
Director
$0 $0 $0
CONSTANCE FAGAN DIRECTOR 1.00
Director
$0 $0 $0
SAM OLIVERIO DIRECTOR 1.00
Director
$0 $0 $0
BARBARA SCUCCIMARRA DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE BROUGHT EXECUTIVE DIRECTOR 35.00
Officer
$116,074 $12,145 $128,219
ALLYSON HOGAN C.F.O. 35.00
Officer
$53,435 $12,351 $65,786
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
2025 No data No data No data No data
2024 $1,977,552 $1,759,633 $2,640,494 $217,919
2023 $3,674,119 $3,119,989 $2,081,528 $554,130
2022 $1,852,674 $1,664,893 $1,459,846 $187,781
2021 $1,551,031 $1,432,463 $1,272,896 $118,568
2020 $1,552,876 $1,327,169 $1,178,438 $225,707
2019 $1,570,776 $1,512,712 $981,661 $58,064
2018 $1,545,415 $1,406,003 $1,008,651 $139,412
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