COOPERATIVE HOUSING CORPORATION

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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

1986

Legal Domicile

Phone

9085268130

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVE HOUSING CORPORATION, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $659K in total revenue in fiscal year 2023.

Mission

Cooperative Housings mission is to provide affordable, shared living residences and services for low to moderate income older adults and some special needs adults. The Corporation is dedicated to helping these individuals to enjoy adequate housing, as well as companionship and support through cooperative shared living arrangements.

Program Service Accomplishments

Program 1

Expenses: $590,907 Revenue: $573,838

Management of four homes for low income senior citizens and one home for developmentally disabled independent adults which provide housing, support services and food for the tenants.

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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 $85,281

Program Service Revenue $573,838

Investment Income $99

Other Revenue $0

TOTAL REVENUE $659,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,986

Fundraising Expenses $0

Program Expenses $590,907

Other Expenses $326,770

TOTAL EXPENSES $704,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$659,218	$670,049	0.0%
Expenses	$704,756	$739,896	0.0%
Net Income	$-45,538	$-69,847	-0.3%

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

$79,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joyce Pennyfeather	Director	24.00	Officer	$79,536	$0	$79,536
Stephen Johnson	President	2.00	Officer Director	$0	$0	$0
William B Savo	Vice President	2.00	Officer Director	$0	$0	$0
Cliff Nagle	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Bill Stabile	Trustee	2.00	Director	$0	$0	$0
Joe Horner	Trustee	2.00	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	No data	No data	No data	No data
2023	$659,218	$704,756	$2,166,583	$-45,538
2022	$670,049	$739,896	$2,126,668	$-69,847
2021	$698,635	$704,307	$2,107,068	$-5,672
2020	$719,804	$902,977	$2,119,232	$-183,173