MAIN-BEST HOUSING DEVELOPMENT FUND CO C/O WNY VETERAN'S HOUSING COALITION (EIN 161423146) - 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

1988

Legal Domicile

Principal Officer

DAVID NACHREINER

Phone

7168825935

Tax Period

2024-07-01 to 2025-06-30

MAIN-BEST HOUSING DEVELOPMENT FUND CO C/O WNY VETERAN'S HOUSING COALITION, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $232K in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING FOR AGED OR HANDICAPPED PERSONS OF LOW INCOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $224,961

Investment Income $2,390

Other Revenue $4,509

TOTAL REVENUE $231,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,052

Fundraising Expenses $0

Program Expenses $167,912

Other Expenses $125,955

TOTAL EXPENSES $232,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,860	$229,503	+0.0%
Expenses	$232,007	$230,859	+0.0%
Net Income	$-147	$-1,356	-0.9%

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

$190,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NACHREINER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ANTHONY M GIANCOLA	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER KENNEDY	TREASURER	2.00	Officer Director	$0	$0	$0
MARIA CALLANAN	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$10,629	$81,483
GIGI GRIZANTI	PRESIDENT & C.E.O.	2.00	Officer	$0	$26,458	$109,114

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
2025	$231,860	$232,007	$331,057	$-147
2024	$229,503	$230,859	$325,640	$-1,356
2023	$251,666	$271,211	$331,007	$-19,545
2022	$277,967	$275,189	$353,826	$2,778
2021	$265,766	$279,926	$345,403	$-14,160
2020	$262,772	$269,339	$355,657	$-6,567
2019	$253,417	$261,552	$362,062	$-8,135
2018	$278,255	$269,059	$373,444	$9,196

MAIN-BEST HOUSING DEVELOPMENT FUND CO C/O WNY VETERAN'S HOUSING COALITION