PITCHER HILL HOUSING DEVELOPMENT F… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-10-01 to 2024-09-30

PITCHER HILL HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $988K in total revenue in fiscal year 2023.

Mission

THE CORPORATION WAS ORGANIZED SOLEY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $829,506 Revenue: $962,415

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY UNDER CODE SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $962,415

Investment Income $1,917

Other Revenue $23,375

TOTAL REVENUE $987,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,383

Fundraising Expenses $0

Program Expenses $829,506

Other Expenses $704,709

TOTAL EXPENSES $968,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$987,707	$954,703	+0.0%
Expenses	$968,092	$940,496	+0.0%
Net Income	$19,615	$14,207	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON COLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT A LACIK	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY LACIK	SECRETARY	1.00	Officer Director	$0	$0	$0
CHUCK GLADZISZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE RIZZO	BOARD MEMBER	1.00	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	$987,707	$968,092	$2,308,074	$19,615
2023	$954,703	$940,496	$2,374,852	$14,207
2022	$905,419	$944,615	$2,542,990	$-39,196
2021	$892,292	$936,308	$2,520,852	$-44,016
2020	$882,836	$875,899	$2,650,655	$6,937
2019	$893,692	$884,081	$2,696,803	$9,611
2018	$900,200	$882,532	$2,733,332	$17,668

PITCHER HILL HOUSING DEVELOPMENT FUND COMPANY INC