SCHOHARIE COUNTY HOUSING DEVELOPMENT FUND COMPANY INC (EIN 141700591) - 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

1987

Legal Domicile

Principal Officer

NORINE HODGES

Phone

5182347604

Tax Period

2025-01-01 to 2025-12-31

SCHOHARIE COUNTY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $469K in total revenue in fiscal year 2025. Expenses of $427K left a modest 9% surplus.

Mission

THE COMPANY'S PURPOSE IS TO PROMOTE THE GENERAL AND SOCIAL WELFARE OF THE COMMUNITY. THIS INCLUDES ACQUIRING, CONSTRUCTING, PROVIDING AND OPERATING RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND REQUIREMENTS OF ELIGIBLE PERSONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $409,549

Investment Income $591

Other Revenue $58,402

TOTAL REVENUE $468,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,064

Fundraising Expenses $0

Program Expenses $355,350

Other Expenses $385,413

TOTAL EXPENSES $427,477

Year-over-Year Comparison

	2025	2024	Change
Revenue	$468,542	$442,055	+0.1%
Expenses	$427,477	$445,840	0.0%
Net Income	$41,065	$-3,785	-11.8%

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

$68,808

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORINE HODGES	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ERYNNE ANSUL-MCCABE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WANDA KING	TREASURER	2.00	Officer Director	$0	$0	$0
SANDY MACKAY	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD T LAPE	MEMBER	2.00	Director	$0	$0	$0
MARJORIE TROIDL	MEMBER	2.00	Director	$0	$0	$0
ROSE CHASE	EXECUTIVE DIRECTOR	2.00	Officer	$0	$15,452	$68,808

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	$468,542	$427,477	$914,821	$41,065
2024	$442,055	$445,840	$976,491	$-3,785
2023	$438,153	$439,651	$1,072,893	$-1,498
2022	$412,014	$400,753	$1,157,049	$11,261
2021	$398,877	$406,871	$1,217,634	$-7,994
2020	$396,527	$389,379	$1,296,109	$7,148
2019	$391,399	$371,797	$1,355,244	$19,602
2018	$378,650	$372,843	$1,396,607	$5,807

SCHOHARIE COUNTY HOUSING DEVELOPMENT FUND COMPANY INC