BUFFALO MERCY HOUSING DEVELOPMENT FUND CO INC (EIN 222810656) - 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

1987

Legal Domicile

Principal Officer

MICHAEL D RIEGEL

Phone

7168847791

Tax Period

2023-01-01 to 2023-12-31

BUFFALO MERCY HOUSING DEVELOPMENT FUND CO INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $327K left a modest 4% surplus.

Mission

BUFFALO MERCY HOUSING DEVELOPMENT FUND COMPANY, INC WAS FORMED TO DEVELOP ON A NONPROFIT BASIS A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS.

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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 $329,673

Investment Income $1,257

Other Revenue $8,725

TOTAL REVENUE $339,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,128

Fundraising Expenses $0

Program Expenses $314,625

Other Expenses $278,323

TOTAL EXPENSES $327,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,655	$292,212	+0.2%
Expenses	$327,451	$328,727	0.0%
Net Income	$12,204	$-36,515	-1.3%

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

N/A

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

$684,885

Total Directors

$667,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D RIEGEL	BOARD MEMBER/BOARD PRESIDENT	0.50	Officer Director	$0	$25,080	$221,101
PAMELA BERGER	BOARD MEMBER/BOARD VP/TREASURER	0.50	Officer Director	$0	$13,283	$148,806
BRAD PACKARD	BOARD MEMBER/BOARD VP/SECRETARY	0.50	Officer Director	$0	$7,620	$159,441
JOYELLE TEDESCHI	BOARD MEMBER	0.50	Director	$0	$16,520	$137,702
AARON HEJMOWSKI	CFO	1.00	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	No data	No data	No data	No data
2023	$339,655	$327,451	$1,976,995	$12,204
2022	$292,212	$328,727	$2,067,957	$-36,515
2021	$315,141	$343,239	$2,172,245	$-28,098
2020	$361,568	$268,698	$459,927	$92,870
2019	$338,909	$284,995	$435,610	$53,914
2018	$329,794	$281,213	$430,118	$48,581

BUFFALO MERCY HOUSING DEVELOPMENT FUND CO INC