NIAGARA VILLAGE HOUSING DEVELOPMENT FUND CO INC (EIN 161492032) - 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

1995

Legal Domicile

Principal Officer

MICHAEL RIEGEL

Phone

7168847791

Tax Period

2023-07-01 to 2024-06-30

NIAGARA VILLAGE HOUSING DEVELOPMENT FUND CO INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $164K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $273K exceeded revenue, resulting in a 66% operating deficit.

Mission

ORGANIZED TO DEVELOP A HOUSING PROJECT FOR VERY LOW-INCOME DISABLED PERSONS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, AND TO PROMOTE THE WELFARE OF DISABLED PERSONS RESIDING IN THE PROJECT.

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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 $0

Program Service Revenue $162,234

Investment Income $19

Other Revenue $2,057

TOTAL REVENUE $164,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,102

Fundraising Expenses $0

Program Expenses $253,529

Other Expenses $217,468

TOTAL EXPENSES $272,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,310	$177,900	-0.1%
Expenses	$272,570	$252,862	+0.1%
Net Income	$-108,260	$-74,962	+0.4%

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

$376,638

Total Directors

$221,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HUCKABONE	BOARD MEMBER/VP/TREASURER(TO 9/26/23)	0.50	Officer Director	$0	$0	$0
HELEN RONAN	BOARD MEMBER/BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL D RIEGEL	BOARD MEMBER/ BOARD PRESIDENT	0.50	Officer Director	$0	$25,080	$221,101
AARON HEJMOWSKI	CFO	0.50	Officer	$0	$7,470	$155,537

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	No data	No data	No data	No data
2024	$164,310	$272,570	$1,185,378	$-108,260
2023	$177,900	$252,862	$1,284,636	$-74,962
2022	$177,948	$240,898	$1,330,543	$-62,950
2021	$189,121	$238,878	$1,390,676	$-49,757
2020	$185,758	$236,083	$1,441,063	$-50,325
2019	$178,125	$228,568	$1,493,189	$-50,443
2018	$167,976	$221,788	$1,539,016	$-53,812

NIAGARA VILLAGE HOUSING DEVELOPMENT FUND CO INC