BROCTON HOUSING DEVELOPMENT FUND COMPANY INC (EIN 222370094) - 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

1981

Legal Domicile

Principal Officer

MICHAEL RIEGEL

Phone

7168847791

Tax Period

2023-10-01 to 2024-09-30

BROCTON HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $409K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE COMPANY WAS ORGANIZED EXCLUSIVELY TO DEVELOP AND OPERATE A 42 UNIT MULTI-FAMILY APARTMENT COMPLEX FOR LOW-INCOME PERSONS IN BROCTON, NEW YORK.

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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 $375,797

Investment Income $2,102

Other Revenue $31,084

TOTAL REVENUE $408,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,086

Fundraising Expenses $0

Program Expenses $373,288

Other Expenses $304,168

TOTAL EXPENSES $397,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,983	$373,760	+0.1%
Expenses	$397,254	$384,027	+0.0%
Net Income	$11,729	$-10,267	-2.1%

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

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

$218,806

Total Directors

$63,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH SCOTT	BOARD MEMBER/PRESIDENT	0.50	Officer Director	$0	$7,518	$63,269
HELEN RONAN	BOARD MEMBER/SECRETARY	0.50	Officer Director	$0	$0	$0
JOSHUA FREIFELD	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON HEJMOWSKI	CFO	0.50	Officer	$0	$7,470	$155,537

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	$408,983	$397,254	$643,359	$11,729
2023	$373,760	$384,027	$659,709	$-10,267
2022	$367,032	$379,082	$714,823	$-12,050
2021	$355,637	$348,048	$756,467	$7,589
2020	$351,878	$382,183	$775,050	$-30,305
2019	$402,411	$399,690	$854,295	$2,721
2018	$347,094	$350,523	$876,266	$-3,429

BROCTON HOUSING DEVELOPMENT FUND COMPANY INC