COUNCIL OF CHURCHES HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161108306) - 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

1970

Legal Domicile

Principal Officer

JOSEPH FLYNN

Phone

5853430205

Tax Period

2022-01-01 to 2022-12-31

COUNCIL OF CHURCHES HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1970, is a micro nonprofit in the Housing & Shelter sector that reported $10.0M in total revenue in fiscal year 2022. Revenue fell 3055% from the prior year — a significant decline worth monitoring.

Mission

INVESTMENT IN LOW INCOME HOUSING PARTNERSHIP LOCATED IN BATAVIA, NY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,753

Investment Income $-10,020,273

Other Revenue $0

TOTAL REVENUE $-9,969,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,855

Other Expenses $75,855

TOTAL EXPENSES $75,855

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-9,969,520	$337,374	-30.6%
Expenses	$75,855	$4,669	+15.2%
Net Income	$-10,045,375	$332,705	-31.2%

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
WILLIAM FAVA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLARENCE FORNESS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SANDRA GILLARD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH FLYNN	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD DEJANEIRO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ANTHONY PALLONI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BESTINE	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH G MUSSLER	DIRECTOR	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
2022	$-9,969,520	$75,855	$5,798	$-10,045,375
2021	$337,374	$4,669	$10,102,937	$332,705
2020	$330,285	$9,262	$9,770,117	$321,023
2019	$333,030	$158,528	$9,449,377	$174,502
2018	$15,416	$119,057	$179,250	$-103,641

COUNCIL OF CHURCHES HOUSING DEVELOPMENT FUND COMPANY INC