CENTRAL HOUSING DEVELOPMENT FUND CO INC

EIN: 141756748 501(c)(3) Housing & Shelter

ALBANY, NY

Total Revenue
$5
Total Expenses
$599
Total Assets
$563,647
Net Assets
$331,274
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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
1993
Legal Domicile
NY
Principal Officer
THOMAS HEALY
Phone
5184590183
Tax Period
2025-01-01 to 2025-12-31

CENTRAL HOUSING DEVELOPMENT FUND CO INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $5 in total revenue in fiscal year 2025. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $599 exceeded revenue, resulting in a 11880% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FACILITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5
Other Revenue $0
TOTAL REVENUE $5

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $599
Other Expenses $599
TOTAL EXPENSES $599

Year-over-Year Comparison

2025 2024 Change
Revenue $5 $30 -0.8%
Expenses $599 N/A N/A
Net Income $-594 $30 -20.8%
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

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Governance

Voting Members
3
Independent Members
N/A
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLANN YEZZO TRUSTEE 1.00
Director
$0 $0 $0
NOEL OLSEN TREASURER 1.00
Officer
$0 $0 $0
MARY OLSEN PRESIDENT 1.00
Officer
$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 $5 $599 $563,647 $-594
2024 $30 No data $564,241 No data
2023 $5 $169 $564,211 $-164
2022 $5 $355 $564,375 $-350
2021 $5 $472 $564,725 $-467
2020 $9 $775 $565,192 $-766
2019 $51 $1,128 $565,958 $-1,077
2018 $26 $1,035 $567,035 $-1,009
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