BAWNY HOUSING DEVELOPMENT FUND CORPORATION (EIN 161376151) - 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

1990

Legal Domicile

Principal Officer

FRANCA TRINCIA

Phone

7168821025

Tax Period

2019-07-01 to 2020-06-30

BAWNY HOUSING DEVELOPMENT FUND CORPORATION, founded in 1990, is a small nonprofit in the Human Services sector that reported $201K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year.

Mission

TO DEVELOP AND OPERATE A 24 UNIT MULTI-FAMILY HOUSING PROJECT FOR LOW INCOME, DISABLED/HANDICAPPED PERSONS IN BUFFALO, NEW YORK.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $197,121

Investment Income $268

Other Revenue $3,965

TOTAL REVENUE $201,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,484

Fundraising Expenses $0

Program Expenses $161,380

Other Expenses $172,583

TOTAL EXPENSES $212,067

Year-over-Year Comparison

	2019	2018	Change
Revenue	$201,354	$244,740	-0.2%
Expenses	$212,067	$258,565	-0.2%
Net Income	$-10,713	$-13,825	-0.2%

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

$460,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN J CROSS	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
ALTHEA LUEHRSEN	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
LISA RAFALSON	SECRETARY	0.20	Officer Director	$0	$0	$0
LISA M KIRISITS	TREASURER	0.20	Officer Director	$0	$0	$0
PHILLIP CATANESE	PAST CHAIRPERSON	0.20	Director	$0	$0	$0
RONALD BENDERSON	HONORARY MEMBER	0.20	Director	$0	$0	$0
STEPHEN V CROSS	MEMBER	0.20	Director	$0	$0	$0
JOHN KREMER	MEMBER	0.20	Director	$0	$0	$0
PATRICK ENGASSER	MEMBER	0.20	Director	$0	$0	$0
MARTHA LAMPARELLI	MEMBER	0.20	Director	$0	$0	$0
JACK GRECO	MEMBER	0.20	Director	$0	$0	$0
PAUL LEE	MEMBER	0.20	Director	$0	$0	$0
KELSEY HANKS	MEMBER	0.20	Director	$0	$0	$0
SHARON LOCHOCKI	MEMBER	0.20	Director	$0	$0	$0
DENNIS MCCOY	MEMBER	0.20	Director	$0	$0	$0
CARL SCANLON JR	MEMBER	0.20	Director	$0	$0	$0
MAI NGUYEN	MEMBER	0.20	Director	$0	$0	$0
DOMINIC SECCHIAROLI	MEMBER	0.20	Director	$0	$0	$0
ERIC RECOON	MEMBER	0.20	Director	$0	$0	$0
GEORGE WANDS	MEMBER	0.20	Director	$0	$0	$0
RAYMOND REICHERT	MEMBER	0.20	Director	$0	$0	$0
LAMONT WILLIAMS	MEMBER	0.20	Director	$0	$0	$0
TAMARA OWEN	PRESIDENT / CEO	0.50	Officer	$0	$21,707	$246,707
FRANCA TRINCIA	CFO	0.50	Officer	$0	$4,362	$97,104
RENEE DIFLAVIO	SENIOR VICE PRESIDENT	0.50	Officer	$0	$0	$117,129

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
2020	$201,354	$212,067	$1,124,899	$-10,713
2019	$244,740	$258,565	$1,129,378	$-13,825
2018	$214,436	$208,064	$1,161,122	$6,372

BAWNY HOUSING DEVELOPMENT FUND CORPORATION