Alloway Housing Development Fund Corporation

EIN: 203574586 501(c)(3) Housing & Shelter

Rochester, NY

Total Revenue
$239,066
Total Expenses
$299,960
Total Assets
$1,613,914
Net Assets
$-1,018,479
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
Ruperto Montero
Phone
5855466340
Tax Period
2024-01-01 to 2024-12-31

Alloway Housing Development Fund Corporation, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $239K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $300K exceeded revenue, resulting in a 25% operating deficit.

Mission

To develop and operate a housing project for elderly persons of low income.

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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 $236,896
Investment Income $106
Other Revenue $2,064
TOTAL REVENUE $239,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $249,098
Other Expenses $299,960
TOTAL EXPENSES $299,960

Year-over-Year Comparison

2024 2023 Change
Revenue $239,066 $168,794 +0.4%
Expenses $299,960 $274,380 +0.1%
Net Income $-60,894 $-105,586 -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

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Governance

Voting Members
7
Independent Members
2
Employees
N/A
Volunteers
9

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
5
$1,144,322
Total Directors
7
$928,429
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexander Castro Director and Vice President 0.10
Officer Director
$0 $18,045 $301,759
Michael Laughlin Director 0.10
Director
$0 $2,365 $64,498
Susan Boss Director 0.10
Director
$0 $24,391 $209,726
Kathryn Bryan Director and Vice President 0.10
Officer Director
$0 $18,251 $195,708
Jean Lowe Director 0.10
Director
$0 $0 $0
Jason Sackett Director and President 0.10
Officer Director
$0 $3,026 $156,738
Dirk Schneider Director 0.10
Director
$0 $0 $0
Leslie W Kernan Jr Secretary 0.10
Officer
$0 $7,153 $228,896
Ruperto Montero Treasurer & Vice President 0.10
Officer
$0 $17,394 $261,221
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
2024 $239,066 $299,960 $1,613,914 $-60,894
2023 $168,794 $274,380 $1,686,734 $-105,586
2022 $171,423 $259,349 $1,730,938 $-87,926
2021 $166,733 $213,321 $1,793,332 $-46,588
2020 $163,703 $229,521 $1,848,950 $-65,818
2019 $152,371 $217,466 $1,895,904 $-65,095
2018 $147,192 $209,133 $1,943,777 $-61,941
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