ERIE REGIONAL HOUSING DEVELOPMENT … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

LUCY CANDELARIO

Phone

7168450485

Tax Period

2024-07-01 to 2025-06-30

ERIE REGIONAL HOUSING DEVELOPMENT CORPOR, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 44% operating margin.

Mission

TO OFFER INNOVATIVE EDUCATIONAL, SOCIAL AND COMMUNITY BUILDING SERVICES FOR CHILDREN, YOUTH, SENIOR CITIZENS AND FAMILIES IN THE WESTERN NEW YORK AREA.

Program Service Accomplishments

Program 1

Expenses: $712,429 Revenue: $572,348

EVENING: SERVES 60-80 YOUTH AGES 13-22, NIGHTLY ON WEEKDAYS. WE PROVIDE RECREATIONAL PROGRAMMING (VOLLEYBALL, SWIMMING, TEQBALL, AND BASKETBALL) AS A DETERRENT TO STREET LIFE ACTIVITIES.

Program 2

Expenses: $315,295 Revenue: $240,507

LEAPS: PROVIDE ACADEMIC SUPPORT AND ENRICHMENT OPPORTUNITIES THAT WILL ASSIST STUDENTS IN MEETING ACADEMIC AND PERSONAL GOALS AS WELL AS EXPOSE YOUTH TO FUTURE LEARNING AND LIFE OPPORTUNITIES.

Program 3

Expenses: $195,827 Revenue: $636,178

DAYCARE: AT THE BELLE CENTER, WE OPERATE FROM A "CRADLE TO SUCCESS" MODEL PROVIDING OUR CHILDREN AND THEIR FAMILIES WITH THE SUPPORT THEY NEED FOR THEIR CHILDREN TO HAVE SUCCESS. THIS ALL STARTS HERE WITH OUR EARLY CHILDHOOD PROGRAM! WE VALUE THE CHILDREN OF THE FAMILIES WE SERVE AND HAVE PUT QUALIFIED AND EXPERIENCED STAFF IN PLACE TO EFFECTIVELY MEET THEIR NEEDS. WITH 95% OF FACULTY AND STAFF BEING BILINGUAL! THROUGH THE CHILD AND ADULT CARE FOOD PROGRAM, STUDENTS RECEIVE BREAKFAST, LUNCH, DINNER, AND A SNACK. THE CENTER IS LICENSED BY THE NEW YORK STATE OFFICE OF CHILD AND FAMILY SERVICES FOR INFANTS AGES 6 WEEKS 18 MONTHS, TODDLERS AGES 19 MONTHS 36 MONTHS, PRESCHOOLERS AGES 3-4.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,834,993

Program Service Revenue $1,208,526

Investment Income $0

Other Revenue $9,142

TOTAL REVENUE $3,052,661

Expense Breakdown

Grants Paid $27,000

Salaries & Benefits $1,257,858

Fundraising Expenses $0

Program Expenses $1,507,792

Other Expenses $431,714

TOTAL EXPENSES $1,716,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,052,661	$2,378,699	+0.3%
Expenses	$1,716,572	$1,832,750	-0.1%
Net Income	$1,336,089	$545,949	+1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$156,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OSWALDO MESTRE JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
LUIS RODRIGUEZ	DIRECTOR	5.00	Officer Director	$0	$0	$0
OCTAVIO VILLEGAS	TREASURER	1.00	Director	$0	$0	$0
KENNETH COLON	DIRECTOR	1.00	Director	$0	$0	$0
MISAEL HERNANDEZ	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
ROSLYN MCLIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE R MOORE	SECRETARY	5.00	Officer Director	$0	$0	$0
TAMARA O ALSACE	DIRECTOR	1.00	Director	$0	$0	$0
GLISET COLON - MORALES	DIRECTOR	1.00	Director	$0	$0	$0
GILLIAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE MCCRAY	DIRECTOR	1.00	Director	$0	$0	$0
LUCY CANDELARIO	EXECUTIVE DIRECTOR	40.00	Officer	$104,565	$9,044	$113,609
SARFRAZ RAZA	DIRECTOR OF FINANCE	40.00	Officer	$42,580	$0	$42,580

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	$3,052,661	$1,716,572	$4,056,414	$1,336,089
2024	$2,378,699	$1,832,750	$2,194,200	$545,949
2023	$1,660,056	$1,588,224	$1,672,243	$71,832
2022	$1,448,127	$1,140,759	$1,599,228	$307,368
2021	$1,408,218	$1,146,861	$1,262,053	$261,357
2020	$1,386,455	$1,406,953	$1,241,574	$-20,498
2019	$1,900,061	$1,980,311	$1,065,562	$-80,250
2018	$1,919,682	$1,759,544	$1,258,393	$160,138

ERIE REGIONAL HOUSING DEVELOPMENT CORPOR