KAMARGO HOUSING DEV FUND CO INC (EIN 222989698) - 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

1993

Legal Domicile

Principal Officer

MICHAEL MONTIGELLI

Phone

3157736918

Tax Period

2023-01-01 to 2023-12-31

KAMARGO HOUSING DEV FUND CO INC, founded in 1993, is a small nonprofit that reported $192K in total revenue in fiscal year 2023. Expenses of $216K exceeded revenue, resulting in a 13% operating deficit.

Mission

HUD SUBSIDIZED RENTAL HOUSING TO ELDERLY & MOBILITY IMPAIRED INDIVIDUALS WITH LOW INCOME.

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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 $187,121

Investment Income $360

Other Revenue $4,118

TOTAL REVENUE $191,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,012

Fundraising Expenses $0

Program Expenses $189,709

Other Expenses $175,781

TOTAL EXPENSES $215,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,599	$191,861	0.0%
Expenses	$215,793	$218,395	0.0%
Net Income	$-24,194	$-26,534	-0.1%

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

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
MICHAEL MONTIGELLI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MANDY PARKER	MEMBER	1.00	Director	$0	$0	$0
HEATHER SASKI	MEMBER	1.00	Director	$0	$0	$0
VINNIE CESARIO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK WATERHOUSE	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$191,599	$215,793	$634,583	$-24,194
2022	$191,861	$218,395	$683,545	$-26,534
2021	$185,738	$213,763	$710,831	$-28,025
2020	$196,291	$214,028	$751,020	$-17,737
2019	$201,201	$206,012	$784,580	$-4,811
2018	$195,593	$193,320	$811,701	$2,273

KAMARGO HOUSING DEV FUND CO INC