HERKIMER COUNTY COMMUNITY COLLEGE HOUSING AUTHORITY

EIN: 161579707 501(c)(3) Education

HERKIMER, NY

Total Revenue
$2,688,794
Total Expenses
$2,285,521
Total Assets
$2,410,208
Net Assets
$2,212,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
DONALD DUTCHER
Phone
3158660300
Tax Period
2024-09-01 to 2025-08-31

HERKIMER COUNTY COMMUNITY COLLEGE HOUSING AUTHORITY, founded in 2003, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 15% surplus.

Mission

TO PROVIDE HOUSING FACILITIES TO STUDENTS OF HERKIMER COUNTY COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $2,258,614 Revenue: $2,572,577

THE HOUSING CORPORATION PROVIDES HOUSING FACILITIES TO STUDENTS OF HERKIMER COUNTY COMMUNITY COLLEGE. 333 STUDENTS WERE HOUSED IN THE FALL OF 2024 AND 306 WERE HOUSED IN THE SPRING OF 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,572,577
Investment Income $116,217
Other Revenue $0
TOTAL REVENUE $2,688,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $509,361
Fundraising Expenses $0
Program Expenses $2,258,614
Other Expenses $1,776,160
TOTAL EXPENSES $2,285,521

Year-over-Year Comparison

2024 2023 Change
Revenue $2,688,794 $2,408,498 +0.1%
Expenses $2,285,521 $2,372,976 0.0%
Net Income $403,273 $35,522 +10.4%
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

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Governance

Voting Members
6
Independent Members
3
Employees
21
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
4
$429,605
Total Directors
6
$641,832
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK KAPUSTA SECRETARY 1.00
Officer Director
$0 $0 $0
NICHOLAS LAINO CHAIRMAN 1.00
Officer Director
$0 $67,314 $305,984
JIM BONO BOARD MEMBER 0.50
Director
$0 $0 $0
TIMOTHY ROGERS VICE CHAIRMAN 1.00
Officer Director
$0 $12,161 $123,621
REBECCA SMITH TREASURER 1.00
Officer Director
$0 $0 $0
DONALD DUTCHER BOARD MEMBER 0.50
Director
$0 $44,988 $212,227
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 $2,688,794 $2,285,521 $2,410,208 $403,273
2024 $2,408,498 $2,372,976 $1,916,560 $35,522
2023 $2,331,403 $2,386,305 $1,852,855 $-54,902
2022 $2,171,164 $2,485,563 $1,888,162 $-314,399
2021 $2,202,738 $2,363,775 $2,812,715 $-161,037
2020 $2,269,743 $2,735,342 $2,887,496 $-465,599
2019 $3,127,676 $3,110,388 $3,008,087 $17,288
2018 $3,735,180 $3,592,870 $2,991,876 $142,310
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