Catholic Housing Corporation of St Clair c/o Holy Family Senior Living (EIN 222467028) - 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

1983

Legal Domicile

Principal Officer

David Fazio

Phone

6108656245

Tax Period

2024-01-01 to 2024-12-31

Catholic Housing Corporation of St Clair c/o Holy Family Senior Living, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $346K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $327K left a modest 6% surplus.

Mission

TO PROVIDE LOW INCOME INDEPENDENT LIVING HOUSING UNDER THE HUD SECTION 8 PROGRAM.

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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 $314,352

Investment Income $110

Other Revenue $31,958

TOTAL REVENUE $346,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,053

Fundraising Expenses $0

Program Expenses $298,520

Other Expenses $243,536

TOTAL EXPENSES $326,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,420	$309,116	+0.1%
Expenses	$326,589	$302,433	+0.1%
Net Income	$19,831	$6,683	+2.0%

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

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

$316,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph A Shadid	Chief Executive Officer	1.0	Officer	$0	$30,655	$195,927
Michael Heneghan	CFO (Till 09/06/2024)	1.0	Officer	$0	$8,157	$120,655
John Morahan	Chairperson	1.0	Officer Director	$0	$0	$0
Barbara Coffin	Vice Chairperson	1.0	Officer Director	$0	$0	$0
John Lynch	Treasurer	1.0	Officer Director	$0	$0	$0
Pamela Russo	Secretary	1.0	Officer Director	$0	$0	$0
REV RAYMOND C HITTINGER	Director	1.0	Director	$0	$0	$0
EVELYN CARFAGNO	Director	1.0	Director	$0	$0	$0
MSGR EDWARD COYLE	Director	1.0	Director	$0	$0	$0
AMY M DEPUY MD	Director	1.0	Director	$0	$0	$0
FATHER ALLEN HOFFA	Director	1.0	Director	$0	$0	$0
JUDY STANCZAK	Director	1.0	Director	$0	$0	$0
DR CARMINE PELLOSIE	Director	1.0	Director	$0	$0	$0
Terry Novatnack	Director	1.0	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	$346,420	$326,589	$398,230	$19,831
2023	$309,116	$302,433	$407,338	$6,683
2022	$292,974	$313,486	$446,137	$-20,512
2021	$276,082	$284,132	$543,171	$-8,050
2020	$292,228	$269,019	$541,204	$23,209
2019	$275,991	$249,108	$606,841	$26,883
2018	$266,531	$265,426	$591,177	$1,105

Catholic Housing Corporation of St Clair c/o Holy Family Senior Living