TOWN OF PLATTSBURGH HOUSING DEVELO… - 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

1995

Legal Domicile

Principal Officer

STEPHEN JOHNSTON

Phone

3154372178

Tax Period

2023-01-01 to 2023-12-31

TOWN OF PLATTSBURGH HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $198K in total revenue in fiscal year 2023. Expenses of $243K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING.

Program Service Accomplishments

Program 1

Expenses: $186,574 Revenue: $193,626

TO PROVIDE ELDERLY AND DISABLED PERSONS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $193,626

Investment Income $0

Other Revenue $4,037

TOTAL REVENUE $197,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,540

Fundraising Expenses $0

Program Expenses $186,574

Other Expenses $205,336

TOTAL EXPENSES $242,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,663	$187,391	+0.1%
Expenses	$242,876	$204,828	+0.2%
Net Income	$-45,213	$-17,437	+1.6%

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
STEPHEN JOHNSTON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NORMAN BAKER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BONNIE BLACK	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK KAISER	TREASURER	1.00	Officer Director	$0	$0	$0
MARGUERITE TAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD FARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES KOSTYK	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD RENADETTE	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$197,663	$242,876	$944,049	$-45,213
2022	$187,391	$204,828	$981,277	$-17,437
2021	$184,306	$226,728	$1,003,131	$-42,422
2020	$168,275	$197,411	$1,030,828	$-29,136
2019	$204,419	$188,694	$1,052,696	$15,725
2018	$154,510	$192,281	$1,038,741	$-37,771

TOWN OF PLATTSBURGH HOUSING DEVELOPMENT FUND COMPANY INC