GLENEIDA HOUSING DEVELOPMENT FUND … - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

RICHARD WEISS

Phone

8452258493

Tax Period

2025-01-01 to 2025-12-31

GLENEIDA HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1988, is a small nonprofit that reported $256K in total revenue in fiscal year 2025. Expenses of $228K left a modest 11% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIORS AND PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $176,370 Revenue: $254,823

OPERATION OF HOUSING UNITS LOCATED IN CARMEL, NEW YORK FOR LOW INCOME SENIOR CITIZENS AND 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $254,823

Investment Income $71

Other Revenue $905

TOTAL REVENUE $255,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,997

Fundraising Expenses $0

Program Expenses $176,370

Other Expenses $154,532

TOTAL EXPENSES $227,529

Year-over-Year Comparison

	2025	2024	Change
Revenue	$255,799	$247,060	+0.0%
Expenses	$227,529	$228,465	0.0%
Net Income	$28,270	$18,595	+0.5%

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
JOEL GREENBERG	PRESIDENT	0.25	Officer Director	$0	$0	$0
CONSTANCE FAGAN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
RICHARD WEISS	TREASURER	0.25	Officer Director	$0	$0	$0
MARGORIE SCHNEIDER	SECRETARY	0.25	Officer Director	$0	$0	$0
BARBARA SCUCCIMARRA	DIRECTOR	0.25	Director	$0	$0	$0
SAM OLIVERIO	DIRECTOR	0.25	Director	$0	$0	$0
RABBI SARAH FREIDSON	DIRECTOR	0.25	Director	$0	$0	$0
EDWARD SCHAFFER	DIRECTOR	0.25	Director	$0	$0	$0
DEACON JOHN SCARFI	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTIAN RUSSO	DIRECTOR	0.25	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
2025	$255,799	$227,529	$442,298	$28,270
2024	No data	No data	No data	No data
2023	$506,699	$236,617	$450,474	$270,082
2022	$222,150	$205,630	$211,213	$16,520
2021	$289,835	$264,833	$220,364	$25,002
2020	$285,905	$320,013	$211,852	$-34,108
2019	$283,212	$328,416	$254,384	$-45,204
2018	$286,327	$333,108	$319,600	$-46,781

GLENEIDA HOUSING DEVELOPMENT FUND COMPANY INC