Providence Northstar Housing Development Fund Corporation

EIN: 201230703 501(c)(3)

Rochester, NY

Total Revenue
$45,728
Total Expenses
$22,692
Total Assets
$244,784
Net Assets
$205,672
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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
2005
Legal Domicile
NY
Principal Officer
Dan Sturgis
Phone
5853283210
Tax Period
2022-01-01 to 2022-12-31

Providence Northstar Housing Development Fund Corporation, founded in 2005, is a micro nonprofit that reported $46K in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23K, a strong 50% operating margin.

Mission

Provide quality affordable housing to low income families.

Program Service Accomplishments

Program 1
Expenses: $17,183 Revenue: $9,984

Provided 11 families with quality affordable rental housing for part of 2022. In 2022, all existing low income housing property has been liquidated.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,980
Investment Income $35,744
Other Revenue $4
TOTAL REVENUE $45,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,183
Other Expenses $22,692
TOTAL EXPENSES $22,692

Year-over-Year Comparison

2022 2021 Change
Revenue $45,728 $168,082 -0.7%
Expenses $22,692 $87,819 -0.7%
Net Income $23,036 $80,263 -0.7%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$368,139
Total Directors
3
$368,139
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Greisberger President 0.10
Officer Director
$0 $2,861 $74,389
Helen Bianchi Secretary 0.10
Officer Director
$0 $13,315 $146,179
Dan Sturgis Treasurer 0.10
Officer Director
$0 $5,676 $147,571
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
2022 $45,728 $22,692 $244,784 $23,036
2021 $168,082 $87,819 $298,632 $80,263
2020 $381,886 $121,963 $501,597 $259,923
2019 $109,357 $113,406 $523,215 $-4,049
2018 $108,875 $108,582 $538,004 $293
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