CSC HOUSING DEVELOPMENT FUND COMPANY INC (EIN 141757306) - 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

1985

Legal Domicile

Principal Officer

RICHARD PROVOST

Phone

5184590183

Tax Period

2024-07-01 to 2025-06-30

CSC HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1985, is a small nonprofit that reported $324K in total revenue in fiscal year 2024. Expenses of $433K exceeded revenue, resulting in a 34% operating deficit.

Mission

LOW-INCOME HOUSING FOR THE ELDERLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $82,439

Program Service Revenue $217,433

Investment Income $5,211

Other Revenue $18,968

TOTAL REVENUE $324,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,205

Fundraising Expenses $0

Program Expenses $286,602

Other Expenses $331,762

TOTAL EXPENSES $432,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,051	$303,807	+0.1%
Expenses	$432,967	$338,527	+0.3%
Net Income	$-108,916	$-34,720	+2.1%

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
MARY OLSEN	MEMBER	1.00	Director	$0	$0	$0
PAUL LEO	MEMBER	1.00	Director	$0	$0	$0
JAMES EARLY	MEMBER	1.00	Director	$0	$0	$0
RICHARD PROVOST	PRESIDENT	1.00	Officer	$0	$0	$0
LAETITIA RHATIGAN	SECRETARY	1.00	Officer	$0	$0	$0
EDWARD KNAPP	TREASURER	1.00	Officer	$0	$0	$0
NOEL OLSEN	VICE CHAIR	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	$324,051	$432,967	$1,088,459	$-108,916
2024	$303,807	$338,527	$1,105,207	$-34,720
2023	$279,907	$360,210	$1,144,227	$-80,303
2022	$262,770	$390,562	$1,226,783	$-127,792
2021	$277,290	$335,648	$1,348,794	$-58,358
2020	$260,844	$322,624	$1,385,204	$-61,780
2019	$249,033	$301,741	$1,441,018	$-52,708
2018	$247,905	$317,414	$1,484,118	$-69,509

CSC HOUSING DEVELOPMENT FUND COMPANY INC