ERIE CANAL HOUSING DEVELOPMENT FUND COMPANY INC (EIN 205521043) - 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

2007

Legal Domicile

Principal Officer

THERESA DAVIS

Phone

3154752178

Tax Period

2024-01-01 to 2024-12-31

ERIE CANAL HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2024. Expenses of $49K left a modest 10% surplus.

Mission

RENTAL OF LOW INCOME APARTMENTS TO ELDERLY

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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 $54,811

Investment Income $36

Other Revenue $0

TOTAL REVENUE $54,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,069

Fundraising Expenses $0

Program Expenses $49,288

Other Expenses $48,219

TOTAL EXPENSES $49,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,847	$52,543	+0.0%
Expenses	$49,288	$54,341	-0.1%
Net Income	$5,559	$-1,798	-4.1%

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	Role	Reportable Comp	Other Comp	Total
THERESA DAVIS	PRESIDENT	Officer Director	$0	$0	$0
JOANNE MCDERMOTT	VICE PRESIDENT	Officer Director	$0	$0	$0
DONNA BONFARDECI	SECRETARY/TREASURER	Officer Director	$0	$0	$0
ROBERT NAPOLI	EXECUTIVE DIRECTOR	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
2024	$54,847	$49,288	$286,118	$5,559
2023	$52,543	$54,341	$282,900	$-1,798
2022	$50,341	$46,122	$287,207	$4,219
2021	$51,853	$47,248	$284,301	$4,605
2020	$51,319	$44,350	$283,396	$6,969
2019	$47,362	$48,310	$277,822	$-948
2018	$50,631	$45,624	$280,666	$5,007

ERIE CANAL HOUSING DEVELOPMENT FUND COMPANY INC