FERNCLIF HOUSING DEVELOPMENT FUND COMPANY INC (EIN 223183508) - 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

1992

Legal Domicile

Principal Officer

SHADI SIFAIN

Phone

5853402000

Tax Period

2023-01-01 to 2023-12-31

FERNCLIF HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $163K in total revenue in fiscal year 2023. Expenses of $192K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDING BARRIER FREE RENTAL HOUSING FOR INDIVIDUALS WITH PHYSICAL DISABILITIES.

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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 $154,763

Investment Income $6,918

Other Revenue $1,196

TOTAL REVENUE $162,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,799

Other Expenses $191,626

TOTAL EXPENSES $191,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,877	$165,121	0.0%
Expenses	$191,626	$155,468	+0.2%
Net Income	$-28,749	$9,653	-4.0%

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

N/A

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

$805,326

Total Directors

$805,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNISON BIELEMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA MULCAHY	PRESIDENT	1.00	Officer Director	$0	$58,380	$309,475
MARISA GEITNER	VICE PRESIDENT	1.00	Officer Director	$0	$52,756	$495,851
CHRIS HILDERBRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
RON LITTLE	BOARD MEMBER	1.00	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	$162,877	$191,626	$487,398	$-28,749
2022	$165,121	$155,468	$504,020	$9,653
2021	$164,971	$153,608	$484,161	$11,363
2019	$177,632	$217,324	$493,629	$-39,692
2018	$172,693	$196,334	$537,153	$-23,641

FERNCLIF HOUSING DEVELOPMENT FUND COMPANY INC