CORNWALL HOUSING CORPORATION (EIN 222959566) - 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

1988

Legal Domicile

Principal Officer

VIRGINIA BLOCK

Phone

8606724439

Tax Period

2023-07-01 to 2024-06-30

CORNWALL HOUSING CORPORATION, founded in 1988, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 52% operating deficit.

Mission

LOW INCOME COMMUNITY HOUSING

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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 $8,530

Program Service Revenue $163,505

Investment Income $438

Other Revenue $0

TOTAL REVENUE $172,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,850

Fundraising Expenses $0

Program Expenses $241,764

Other Expenses $241,199

TOTAL EXPENSES $262,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,473	$286,059	-0.4%
Expenses	$262,049	$252,140	+0.0%
Net Income	$-89,576	$33,919	-3.6%

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
HUGH CHENEY	V PRES	2.00	Officer Director	$0	$0	$0
BILL FAIRBAIRN	DIRECTOR	2.00	Director	$0	$0	$0
KATE SANDMEYER WARD	TREASURER	2.00	Officer Director	$0	$0	$0
GINNI BLOCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETH FROST	DIRECTOR	2.00	Director	$0	$0	$0
ROCCO BOTTO	DIRECTOR	2.00	Director	$0	$0	$0
WAYDE WOLFE	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET COOLEY	SECRETARY	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$172,473	$262,049	$1,999,177	$-89,576
2023	$286,059	$252,140	$2,098,161	$33,919
2022	$150,368	$196,456	$2,070,303	$-46,088
2021	$192,095	$222,986	$2,134,995	$-30,891
2020	$148,981	$208,239	$2,281,169	$-59,258
2019	$144,126	$223,407	$2,365,446	$-79,281
2018	$149,205	$161,068	$2,332,733	$-11,863

CORNWALL HOUSING CORPORATION