CANANDAIGUA HOUSING DEVELOPMENT FUND COMPANY INC (EIN 222415151) - 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

1984

Legal Domicile

Principal Officer

EDWARD C KENYON ESQ

Phone

3154241822

Tax Period

2023-07-01 to 2024-06-30

CANANDAIGUA HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $356K, a strong 25% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW INCOMEHOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, SAID PROJECT KNOWN AS EIGHTY PARRISH STREET APARTMENTS AND LOCATED AT 80 PARRISH STREET, CANANDAIGUA, 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 $1,397,748

Investment Income $1,474

Other Revenue $3,940

TOTAL REVENUE $1,403,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,413

Fundraising Expenses $0

Program Expenses $702,610

Other Expenses $688,981

TOTAL EXPENSES $1,047,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,403,162	$1,221,630	+0.1%
Expenses	$1,047,394	$1,244,034	-0.2%
Net Income	$355,768	$-22,404	-16.9%

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
EDWARD C KENYON ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN VAN VECHTEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCUS V FRANZ	TREASURER	1.00	Officer Director	$0	$0	$0
JANET TENREIRO	SECRETARY	1.00	Officer Director	$0	$0	$0
DONNA E ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE R BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET M BRINGEWATT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD E BROWN AICP	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH A GORENFLO	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DAWN GARRETT-LARSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE COVENY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIE FRALICK	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM O'HANLON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CARL SAHLER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY VIGGIANI	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA A MARTIN ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR PAUL S WHITEHEAD MD	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT PROCIOUS	ASST. SECRETARY	1.00	Officer	$0	$0	$0
TAMARA DUDLEY	ASST. TREASURER	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,403,162	$1,047,394	$5,103,086	$355,768
2023	$1,221,630	$1,244,034	$4,905,935	$-22,404
2022	$1,209,323	$1,164,296	$5,002,766	$45,027
2021	$1,290,449	$1,228,114	$5,115,233	$62,335
2020	$1,205,728	$1,286,511	$5,179,342	$-80,783
2019	$1,216,378	$1,216,903	$5,376,608	$-525

CANANDAIGUA HOUSING DEVELOPMENT FUND COMPANY INC