VILLAGE OF SKANEATELES HOUSING AUT… - 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

1982

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-10-01 to 2024-09-30

VILLAGE OF SKANEATELES HOUSING AUTHORITY, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $228K in total revenue in fiscal year 2023. Expenses of $264K exceeded revenue, resulting in a 16% operating deficit.

Mission

VILLAGE OF SKANEATELES HOUSING AUTHORITY WAS CREATED BY AN ACT OF THE NEW YORK LEGISLATURE UNDER SECTION 543-A OF THE PUBLIC HOUSING LAW OF NEW YORK. THE AUTHORITY HAS THE POWER OF ACCOMPLISH ANY OR ALL THE PURPOSES SPECIFIED IN ARTICLE EIGHTEEN OF THE CONSTITUTION OF THE STATE OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $169,323 Revenue: $225,443

OWNS AND OPERATES A LOW-INCOME HOUSING PROJECT CONSISTING OF 32 ONE-BEDROOM UNITS

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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 $228,000

Investment Income $16

Other Revenue $0

TOTAL REVENUE $228,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,581

Fundraising Expenses $0

Program Expenses $169,323

Other Expenses $223,129

TOTAL EXPENSES $263,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,016	$237,814	0.0%
Expenses	$263,710	$293,860	-0.1%
Net Income	$-35,694	$-56,046	-0.4%

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
MICHEAL DEMPSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN POWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY COUGHLIN	TREASURE	1.00	Officer Director	$0	$0	$0
BERNARD N VANDERVEER	BOARD MEMBER	1.00	Director	$0	$0	$0
TYSON CHANG	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE BUEHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DON CROSS	SECRETARY	1.00	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	$228,016	$263,710	$783,834	$-35,694
2023	$237,814	$293,860	$826,248	$-56,046
2022	$260,176	$269,055	$892,409	$-8,879
2021	$239,500	$251,363	$917,327	$-11,863
2020	$227,107	$248,132	$949,026	$-21,025
2019	$208,916	$248,846	$992,057	$-39,930

VILLAGE OF SKANEATELES HOUSING AUTHORITY