CECIL HOUSING DEVELOPMENT FUND COR… - 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

2007

Legal Domicile

Principal Officer

JAMES M DILL

Phone

2122529377

Tax Period

2023-01-01 to 2023-12-31

CECIL HOUSING DEVELOPMENT FUND CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 4% surplus.

Mission

THE ORGANIZATION OPERATES PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $2,711,749 Revenue: $1,237,332

THE ORGANIZATION OPERATES THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE CECIL. THE PROJECT HAS 89 SRO HOUSING UNITS AND IS SITUATED AT 206-210 WEST 118TH STREET, NY, NY. THE ORGANIZATION...

THE ORGANIZATION OPERATES THE LOW-INCOME SUPPORTIVE HOUSING PROJECT KNOWN AS THE CECIL. THE PROJECT HAS 89 SRO HOUSING UNITS AND IS SITUATED AT 206-210 WEST 118TH STREET, NY, NY. THE ORGANIZATION PROVIDES ONSITE CASE MANAGEMENT SERVICES TO RESIDENTIAL TENANTS. ALL ADMITTED RESIDENTS ARE SINGLE ADULTS AND ARE REQUIRED TO MEET US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S CRITERIA FOR HOMELESS, DISABILITY AND LOW INCOME. SOCIAL SERVICES ARE FUNDED BY CONTRACTS WITH NYC DEPARTMENT OF HOMELESS SERVICES AND NYC DEPARTMENT OF HEALTH AND MENTAL HYGIENE. THE PROJECT LEASES GROUND FLOOR AND CELLAR SPACE TO AN UNRELATED COMMERCIAL TENANT WHOSE RENTS HELP FUND SERVICES TO THE PROJECT'S RESIDENTIAL TENANTS.

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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 $1,462,582

Program Service Revenue $1,237,332

Investment Income $23,054

Other Revenue $88,181

TOTAL REVENUE $2,811,149

Expense Breakdown

Grants Paid $1,350

Salaries & Benefits $1,332,726

Fundraising Expenses $0

Program Expenses $2,711,749

Other Expenses $1,377,673

TOTAL EXPENSES $2,711,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,811,149	$2,339,933	+0.2%
Expenses	$2,711,749	$2,187,633	+0.2%
Net Income	$99,400	$152,300	-0.3%

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

$534,936

Total Directors

$381,720

Key Employees

$334,694

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M DILL	TRUSTEE/TREASURER/EXEC DIR	2.50	Officer Director	$0	$21,550	$194,540
MOLLY MATTIMORE	TRUSTEE/SECRETARY/DEP EXEC DIRECTOR	2.50	Officer Director	$0	$9,936	$187,180
MARY HARDIN	CHAIR/TRUSTEE	1.00	Director	$0	$0	$0
MARK SHAPIRO	CHIEF FINANCIAL OFFICER	2.50	Officer	$0	$18,408	$153,216
KRISTI CILENTI	DIRECTOR OF PROGRAMS	4.00	Key Emp	$0	$25,681	$179,201
DAN DANAHER	DIRECTOR OF OPERATIONS	4.00	Key Emp	$0	$4,935	$155,493
ALMIR LALICIC	DIRECTOR OF PROPERTY MANAGEMENT	4.00	Highest	$0	$24,743	$143,450
RALPH GARCIA	SECURITY DIRECTOR	4.00	Highest	$0	$3,156	$135,726

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	$2,811,149	$2,711,749	$6,607,197	$99,400
2022	$2,339,933	$2,187,633	$6,579,086	$152,300
2021	$2,623,006	$2,276,479	$6,850,342	$346,527
2020	$2,175,355	$2,323,323	$7,209,347	$-147,968
2019	$2,065,874	$2,039,013	$7,093,346	$26,861
2018	$1,967,919	$1,984,419	$7,709,741	$-16,500

CECIL HOUSING DEVELOPMENT FUND CORPORATION