ALTONA HOUSING DEVELOPMENT FUND CO INC (EIN 141737859) - 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

1994

Legal Domicile

Phone

5182366650

Tax Period

2025-01-01 to 2025-12-31

ALTONA HOUSING DEVELOPMENT FUND CO INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $215K left a modest 4% surplus.

Mission

THE ORGANIZATION IS A SENIOR CITIZEN HOUSING UNIT IN NYS THAT PROVIDES AFFORDABLE HOUSING FOR SENIOR CITIZENS.

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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 $38,789

Program Service Revenue $184,059

Investment Income $19

Other Revenue $0

TOTAL REVENUE $222,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,448

Fundraising Expenses $0

Program Expenses $167,442

Other Expenses $171,268

TOTAL EXPENSES $214,716

Year-over-Year Comparison

	2025	2024	Change
Revenue	$222,867	$204,073	+0.1%
Expenses	$214,716	$220,253	0.0%
Net Income	$8,151	$-16,180	-1.5%

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

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
CAROL BOULRICE	Director	0.20	Director	$0	$0	$0
CHRIS BELAIR	Director	0.20	Director	$0	$0	$0
JEANETTE LABARGE	Director	0.20	Director	$0	$0	$0
ELLEN MONTGOMERY	Vice President	0.20	Officer Director	$0	$0	$0
JEANNE BUSHEY	Director	0.20	Director	$0	$0	$0
JOYCE BOIRE	Director	0.20	Director	$0	$0	$0
MICHAEL BOULRICE	President	0.20	Officer Director	$0	$0	$0
BARBARA DEYO	Director	0.20	Director	$0	$0	$0
NANCY BLOW	Sec./Treasurer	0.20	Officer 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	$222,867	$214,716	$588,523	$8,151
2024	$204,073	$220,253	$591,594	$-16,180
2023	$-13,597	No data	$620,269	No data
2022	$-8,551	No data	$652,039	No data
2021	$-6,144	No data	$665,213	No data
2020	$849	No data	$682,227	No data
2019	$4,263	No data	$691,375	No data
2018	$-26,834	No data	$696,929	No data

ALTONA HOUSING DEVELOPMENT FUND CO INC