CENTER HOUSING DEVELOPMENT FUND CORPORATION (EIN 141798854) - 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

1997

Legal Domicile

Principal Officer

GREGORY J SORRENTINO

Phone

5189442100

Tax Period

2024-01-01 to 2024-12-31

CENTER HOUSING DEVELOPMENT FUND CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $182K in total revenue in fiscal year 2024. Expenses of $253K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE HOUSING FOR DISABLED AND LOW INCOME FAMILIES.

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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 $0

Program Service Revenue $182,056

Investment Income $61

Other Revenue $290

TOTAL REVENUE $182,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,631

Fundraising Expenses $0

Program Expenses $239,544

Other Expenses $205,338

TOTAL EXPENSES $252,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,407	$179,849	+0.0%
Expenses	$252,969	$326,705	-0.2%
Net Income	$-70,562	$-146,856	-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

$775,939

Total Directors

$509,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY J SORRENTINO	PRES/CEO/TRE	1.00	Officer Director	$565	$32,472	$509,274
MARC ANTONUCCI	SECRETARY	1.00	Officer	$298	$12,133	$266,665
BRIAN T CREGIN	COO	1.00		$23	$969	$21,791
JAMES P COLEMAN	CHAIRPERSON	0.10	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
2024	$182,407	$252,969	$1,099,365	$-70,562
2023	$179,849	$326,705	$1,081,349	$-146,856
2022	$183,271	$184,400	$1,112,910	$-1,129
2021	$97,077	$129,840	$417,219	$-32,763
2020	$153,821	$106,033	$447,892	$47,788

CENTER HOUSING DEVELOPMENT FUND CORPORATION