STEGER HOUSING DEVELOPMENT FUND COMPANY PROJECT NO 014-EE057

EIN: 161468741 501(c)(3)

ROCHESTER, NY

Total Revenue
$411,398
Total Expenses
$423,137
Total Assets
$741,272
Net Assets
$-2,729,081
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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
NY
Principal Officer
STEVEN SPOTO
Phone
3154241821
Tax Period
2023-10-01 to 2024-09-30

STEGER HOUSING DEVELOPMENT FUND COMPANY PROJECT NO 014-EE057, founded in 1993, is a small nonprofit that reported $411K in total revenue in fiscal year 2023.

Mission

STEGER HOUSING DEVELOPMENT FUND COMPANY, INC., PROJECT NO.14-EE057 (THE 'COMPANY'), IS A DULY AUTHORIZED NOT-FOR-PROFIT CORPORATION FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK. THE COMPANY WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, FEDERAL CAPITAL ADVANCE PROGRAM. SAID PROJECT KNOWN AS ST. JUDE APARTMENTS, A 55-UNIT PROJECT (ONE UNIT IS OCCUPIED BY THE SUPERINTENDENT AND IS NON-INCOME PRODUCING) LOCATED IN ROCHESTER, NEW YORK RECEIVES PROJECT RENTAL ASSISTANCE PROGRAM PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $156,253
Program Service Revenue $251,147
Investment Income $2,579
Other Revenue $1,419
TOTAL REVENUE $411,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,968
Fundraising Expenses $0
Program Expenses $199,940
Other Expenses $309,169
TOTAL EXPENSES $423,137

Year-over-Year Comparison

2023 2022 Change
Revenue $411,398 $392,313 +0.0%
Expenses $423,137 $403,321 +0.0%
Net Income $-11,739 $-11,008 +0.1%
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
8
Independent Members
8
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN SPOTO PRESIDENT 0.00
Officer Director
$0 $0 $0
DONALD E KUHMAN BOARD MEMBER 0.00
Director
$0 $0 $0
GARY RIGONI BOARD MEMBER 0.00
Director
$0 $0 $0
WILLIAM A GILLETTE BOARD MEMBER 0.00
Director
$0 $0 $0
GREG WESTBROOK BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES GRAY BOARD MEMBER 0.00
Director
$0 $0 $0
ROCHELLE BRUNSHIDLE BOARD MEMBER 0.00
Director
$0 $0 $0
SHARON PARIS SECRETARY/TREASURER 0.00
Officer 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 $411,398 $423,137 $741,272 $-11,739
2023 $392,313 $403,321 $727,369 $-11,008
2022 $392,115 $401,456 $748,732 $-9,341
2021 $385,084 $408,325 $751,895 $-23,241
2020 $387,229 $466,485 $765,115 $-79,256
2019 $382,300 $475,560 $842,962 $-93,260
2018 $378,451 $482,197 $938,486 $-103,746
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