ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161434280) - 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

1992

Legal Domicile

Principal Officer

WILLARD MAHOOD

Phone

3154353558

Tax Period

2024-01-01 to 2024-12-31

ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 155% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S PURPOSE INVOLVES THE ACQUISITION AND REHABILITATION OR NEW HOME CONSTRUCTION FOR FIRST-TIME, LOW INCOME HOME BUYERS.

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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 $1,839,913

Program Service Revenue $1,479,772

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,319,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,305,985

Other Expenses $3,319,685

TOTAL EXPENSES $3,319,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,319,685	$1,303,031	+1.5%
Expenses	$3,319,685	$1,303,031	+1.5%
Net Income	$0	$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

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
DAVID KNAPP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ISABELLE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE VILARDI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
WILLARD MAHOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM MEYER JR	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
2024	$3,319,685	$3,319,685	$629,247	No data
2023	$1,303,031	$1,303,031	$1,668,833	No data
2022	$141,506	$141,506	$1,300,640	No data
2021	$790,098	$790,098	$374,082	No data
2020	$1,101,686	$1,101,686	$821,330	No data
2019	$896,872	$896,872	$1,152,957	No data
2018	$335,917	$335,917	$558,899	No data

ONONDAGA COUNTY HOUSING DEVELOPMENT FUND COMPANY INC