50-60 KOSCIUZKO STREET HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161542260) - 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

1997

Legal Domicile

Principal Officer

DEACON STEVE SCHUMER

Phone

7168471635

Tax Period

2024-04-01 to 2025-03-31

50-60 KOSCIUZKO STREET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Net assets of $346K represent 71 months of operating reserves.

Mission

TO CONSTRUCT AND OPERATE A LOW INCOME HOUSING PROJECT OF FIVE UNITS IN THE CITY OF BUFFALO, NEW YORK.

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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 $55,920

Investment Income $2,408

Other Revenue $0

TOTAL REVENUE $58,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,929

Fundraising Expenses $0

Program Expenses $42,313

Other Expenses $47,798

TOTAL EXPENSES $56,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,328	$55,119	+0.1%
Expenses	$56,727	$57,466	0.0%
Net Income	$1,601	$-2,347	-1.7%

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
DEACON STEVE SCHUMER	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV PETER J KARALUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT GOODS	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT GRESS	DIRECTOR	1.00	Director	$0	$0	$0
MOST REV MICHAEL W FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MARY MCCARRICK OSF	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA POTZLER	SECRETARY	1.00	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
2025	$58,328	$56,727	$347,416	$1,601
2024	$55,119	$57,466	$350,417	$-2,347
2023	$54,323	$50,482	$348,298	$3,841
2022	$46,967	$59,803	$352,453	$-12,836
2021	$55,945	$53,968	$357,076	$1,977
2020	$55,221	$53,134	$359,485	$2,087
2019	$43,916	$58,991	$363,517	$-15,075
2018	$38,882	$43,076	$367,816	$-4,194

50-60 KOSCIUZKO STREET HOUSING DEVELOPMENT FUND COMPANY INC