Rochester, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Providence Housing Development Corporation, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 21% operating margin.
Providence Housing Development Corporation's mission is to strengthen families and communities by creating and providing access to quality affordable housing enriched by the availability of supportive services.
Homeless Grants, Providence administers 3 permanent supportive housing grant programs funded by the U.S. Department of Housing and Urban Development. The programs served over 250 households during...
Homeless Grants, Providence administers 3 permanent supportive housing grant programs funded by the U.S. Department of Housing and Urban Development. The programs served over 250 households during the year, providing affordable rental housing with supportive services to formerly homeless individuals and families. In addition to being homeless, each household has at least one family member who has a qualifying disability; such as mental health, physical disabilities, HIV/AIDs and/or addiction. These programs seek to provide individuals and their families with the opportunity to live independently, while receiving needed support services. (Continued on Schedule O)Providence was awarded a multi-year grant by Monroe County funded by the American Rescue Plan Act. The grant will be used to assist victims of domestic violence locate new housing and corresponding support services. In 2024, over 100 households received assistance.
The Property Management Department provides full property management services to 1,238 units of affordable housing in 30 properties. The organization's service area encompasses the 12-county region...
The Property Management Department provides full property management services to 1,238 units of affordable housing in 30 properties. The organization's service area encompasses the 12-county region contained within the Diocese of Rochester. The department manages low-income housing for families, seniors and special needs populations. The properties are managed under various affordable housing programs including Low Income Housing Tax Credit, HOME and AHP. Our professional expertise encompasses such areas as physical asset management and maintenance, marketing and leasing, financial reporting and controls, and administration.
Providence's property development department provides real estate development services to create and preserve affordable housing for low and moderate-income families, seniors, and special needs...
Providence's property development department provides real estate development services to create and preserve affordable housing for low and moderate-income families, seniors, and special needs populations. Providence develops affordable housing it owns and manages directly and works collaboratively with social service agencies to create permanent supportive housing. Providence also provides real estate development consulting services. Providence is experienced in a wide array of federal, state, and municipal capital funding programs, including LIHTC, HTF/HOME, FHLB, RD and HUD programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,681,706 | $5,341,666 | +0.4% |
| Expenses | $6,094,415 | $5,201,729 | +0.2% |
| Net Income | $1,587,291 | $139,937 | +10.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Frederick A Herman | Treasurer | 0.40 |
Officer
Director
|
$0 | $0 | $0 |
| Daniel Saperstone | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Lisa M Passero CPA | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Fr Joseph Hart | President | 0.40 |
Officer
Director
|
$0 | $0 | $0 |
| Ronald W Hughes | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Katherine Karl Esq | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Karen Dehais | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Timothy R Dollinger | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Patricia Neal | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Nancy J Koons | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Steven E Agan Esq | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Dorian Leander Hall | Board Member | 0.40 |
Director
|
$0 | $0 | $0 |
| Mark Greisberger | Executive Director | 35.00 |
Officer
|
$66,082 | $2,608 | $68,690 |
| Daniel Sturgis | Chief Financial Officer | 35.00 |
Officer
|
$155,168 | $5,955 | $161,123 |
| Helen Bianchi | Vice President of Property | 35.00 |
Officer
|
$144,425 | $15,549 | $159,974 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,681,706 | $6,094,415 | $14,813,139 | $1,587,291 |
| 2023 | $5,341,666 | $5,201,729 | $12,409,071 | $139,937 |
| 2022 | $6,919,368 | $6,305,971 | $12,370,413 | $613,397 |
| 2021 | $9,484,321 | $9,675,678 | $12,131,024 | $-191,357 |
| 2020 | $5,143,023 | $3,732,293 | $12,416,007 | $1,410,730 |
| 2019 | $4,420,202 | $3,421,705 | $11,949,584 | $998,497 |
| 2018 | $4,130,807 | $3,395,272 | $11,168,054 | $735,535 |
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