ALFA DEVELOPMENT INC (EIN 223662556) - 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

1999

Legal Domicile

Phone

9736971010

Tax Period

2022-07-01 to 2023-06-30

ALFA DEVELOPMENT INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.5M in total revenue in fiscal year 2022. The organization ran a surplus of $3.5M, a strong 17% operating margin.

Mission

GROUP HOMES AND DAYCARE SERVICES PROVIDED TO INDIVIDUALS WITH AUTISM AND DEVELOPMENTAL DELAYS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,407,855

Program Service Revenue $18,000,740

Investment Income $87,659

Other Revenue $0

TOTAL REVENUE $20,496,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,609,138

Fundraising Expenses $0

Program Expenses $14,572,267

Other Expenses $4,400,261

TOTAL EXPENSES $17,009,399

Year-over-Year Comparison

	2022	2021	Change
Revenue	$20,496,254	$19,511,779	+0.1%
Expenses	$17,009,399	$14,295,963	+0.2%
Net Income	$3,486,855	$5,215,816	-0.3%

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

Employees

262

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

$528,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN MCMAHON	PRESIDENT	0.00	Director	$0	$0	$0
ROLLAND BASINSKI	TREASURER	0.00	Director	$0	$0	$0
BARBARA ROSS	SECRETARY	0.00	Director	$0	$0	$0
AEDAN DOWLING	BOARD MEMBER	0.00	Director	$0	$0	$0
DR PHILIP AFFUSO	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL FITZPATRICK JR	BOARD MEMBER	0.00	Director	$0	$0	$0
DEBRA SANTA LUCIA	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$280,405	$0	$280,405
JEREMY CARR	DIRECTOR OF CLIENT SERVICES	40.00	Key Emp Highest	$247,597	$0	$247,597
WEST BONGIARDINO	GROUP HOME MANAGER	40.00	Highest	$179,505	$0	$179,505
PEDRO ROSARIO	MANAGER	40.00	Highest	$113,317	$0	$113,317
MARC VAN DER SLUYS	MANAGER	40.00	Highest	$103,611	$0	$103,611

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	No data	No data	No data	No data
2023	$20,496,254	$17,009,399	$18,901,055	$3,486,855
2022	$19,511,779	$14,295,963	$16,980,937	$5,215,816
2021	$16,200,874	$13,483,011	$12,469,438	$2,717,863
2020	$14,378,044	$12,476,561	$9,739,119	$1,901,483
2019	$9,127,569	$6,876,870	$6,360,894	$2,250,699
2018	$6,299,600	$4,698,343	$3,063,286	$1,601,257

ALFA DEVELOPMENT INC