GREATER ROCHESTER PARTNERSHIP HOUS… - 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

1993

Legal Domicile

Phone

5854236320

Tax Period

2023-01-01 to 2023-12-31

GREATER ROCHESTER PARTNERSHIP HOUSING DEVELOPMENT FUND CORP, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $10 in total revenue in fiscal year 2023. Expenses of $594 exceeded revenue, resulting in a 5840% operating deficit.

Mission

GREATER ROCHESTER PARTNERSHIP HOUSING DEVELOPMENT FUND CORPORATION (HDFC) WAS ESTABLISHED TO ACQUIRE AND REHABILITATE HOUSING FOR LOW AND MODERATE-INCOME INDIVIDUALS IN THE ROCHESTER, NEW YORK AREA.

Program Service Accomplishments

Program 1

Expenses: $5,184,804 Revenue: $1,546,010

THE CITY OF ROCHESTER PROVIDED A GRANT TO HDFC TO SUBSIDIZE THE DIFFERENCE BETWEEN THE COST OF ACQUIRING AND BUILDING PROPERTIES LOCATED WITHIN THE CITY OF ROCHESTER AND THE SELLING PRICE TO THE HOME BUYER AS PART OF ITS "BUY THE BLOCK" PROGRAM. DURING THE YEAR 13 SUBSIDIZED HOMES WERE COMPLETED AND SOLD BELOW COST TO QUALIFIED LOW AND MODERATE INCOME INDIVIDUALS

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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 $3,638,804

Program Service Revenue $10

Investment Income $-3,638,804

Other Revenue $0

TOTAL REVENUE $10

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,184,804

Other Expenses $594

TOTAL EXPENSES $594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10	N/A	N/A
Expenses	$594	N/A	N/A
Net Income	$-584	$0	N/A

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
THEODORA FINN	PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD MUELLER	CHAIRMAN	1.00	Officer	$0	$0	$0
PATRICIA KEENAHAN	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2023	$10	$594	$2,837,546	$-584

GREATER ROCHESTER PARTNERSHIP HOUSING DEVELOPMENT FUND CORP