MERCY HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 161334808 501(c)(3)

SYRACUSE, NY

Total Revenue
$618,338
Total Expenses
$647,945
Total Assets
$2,145,608
Net Assets
$173,164
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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
1986
Legal Domicile
NY
Principal Officer
KYLE LYSKAWA
Phone
3154241821
Tax Period
2023-10-01 to 2024-09-30

MERCY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1986, is a small nonprofit that reported $618K in total revenue in fiscal year 2023.

Mission

LOW-INCOME HOUSING PROJECT

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $614,013
Investment Income $1,622
Other Revenue $2,703
TOTAL REVENUE $618,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,561
Fundraising Expenses $0
Program Expenses $569,144
Other Expenses $479,384
TOTAL EXPENSES $647,945

Year-over-Year Comparison

2023 2022 Change
Revenue $618,338 $585,140 +0.1%
Expenses $647,945 $651,250 0.0%
Net Income $-29,607 $-66,110 -0.6%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDRICK ZOLNA PRESIDENT 1.00
Officer Director
$0 $0 $0
DOUG REICHER TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
CINDY FALISE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN SINDONI 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 $618,338 $647,945 $2,145,608 $-29,607
2023 $585,140 $651,250 $2,178,539 $-66,110
2022 $572,217 $612,763 $2,287,887 $-40,546
2021 $574,956 $572,518 $2,362,925 $2,438
2020 $563,697 $550,648 $2,406,571 $13,049
2019 $558,988 $527,452 $2,513,156 $31,536
2018 $548,629 $528,296 $2,500,819 $20,333
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