Catholic Housing Corporation of No… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

JOSEPH A SHADID

Phone

6108656245

Tax Period

2023-01-01 to 2023-12-31

Catholic Housing Corporation of Northern Berks County c/o Holy Family Senior, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $614K in total revenue in fiscal year 2023. The organization ran a surplus of $104K, a strong 17% operating margin.

Mission

CATHOLIC HOUSING CORPORATION OF NORTHERN BERKS COUNTY IS COMMITTED TO PROVIDING THE BEST POSSIBLE LOW INCOME INDEPENDENT LIVING HOUSING UNDER THE HUD SECTION 8 PROGRAM IN ORDER TO PROVIDE EXCEPTIONAL CONTINUED ON SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $378,022 Revenue: $579,012

CATHOLIC HOUSING CORPORATION OF NORTHERN BERKS COUNTY OPERATES A SECTION 8, LOW INCOME, ELDERLY HOUSING PROJECT LOCATED IN LAURELDALE,PENNSYLVANIA. THERE ARE 30 ONE BEDROOM AND 15 EFFICIENCY...

CATHOLIC HOUSING CORPORATION OF NORTHERN BERKS COUNTY OPERATES A SECTION 8, LOW INCOME, ELDERLY HOUSING PROJECT LOCATED IN LAURELDALE,PENNSYLVANIA. THERE ARE 30 ONE BEDROOM AND 15 EFFICIENCY APARTMENTS. THE ORGANIZATION MAINTAINS HIGH RESIDENT SATISFACTION AS MEASURED BY HIGH OCCUPANCY AND LOW TURNOVER; SUPPORTS "AGING IN PLACE" WITH PROGRAMS TO HELP SENIORS REMAIN INDEPENDENT AS LONG AS POSSIBLE; IMPROVES OPERATIONS WITH TRAINING OF ALL MANAGEMENT STAFF IN FAIR HOUSING CERTIFICATION; STRENGTHENS QUALITY OF LIFE PROGRAMS WITH INCREASED OUTREACH TO COMMUNITY ORGANIZATIONS; IMPROVES FOOD SECURITY FOR RESIDENTS BY PARTNERING EACH OF THE EIGHT COMMUNITIES WITH ACCESS TO FOOD BANKS AND DEVELOPS A STRATEGY TO MEET THE GROWING NEED FOR AFFORDABLE HOUSING FOR SENIORS WITH LIMITED 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 $579,012

Investment Income $176

Other Revenue $35,157

TOTAL REVENUE $614,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,476

Fundraising Expenses $0

Program Expenses $378,022

Other Expenses $408,405

TOTAL EXPENSES $509,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$614,345	$577,691	+0.1%
Expenses	$509,881	$519,080	0.0%
Net Income	$104,464	$58,611	+0.8%

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

$327,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph A Shadid	Chief Executive Officer	1.0	Officer	$0	$38,008	$202,982
MICHAEL HENEGHAN	Chief Financial officer	1.0	Officer	$0	$0	$124,247
JOHn morahan	chairperson	1.0	Director	$0	$0	$0
BARbara coffin	vice chairperson	1.0	Director	$0	$0	$0
JOHN LYNCH	treasurer	1.0	Director	$0	$0	$0
pamela russo	secretary	1.0	Director	$0	$0	$0
REV RAYMOND C HITTINGER	director	1.0	Director	$0	$0	$0
evelyn carfagno	director	1.0	Director	$0	$0	$0
msgr edward coyle	director	1.0	Director	$0	$0	$0
amy m depuy md	director	1.0	Director	$0	$0	$0
father allen hoffa	director	1.0	Director	$0	$0	$0
judy stanczak	director	1.0	Director	$0	$0	$0
dr carmine pellosie	director	1.0	Director	$0	$0	$0
Terry Novatnack - EFF102024	DIRECTOR	1.0	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	$614,345	$509,881	$967,459	$104,464
2022	$577,691	$519,080	$934,669	$58,611
2021	$561,479	$499,703	$940,584	$61,776
2020	$557,766	$514,620	$909,623	$43,146
2019	$547,916	$476,023	$983,978	$71,893
2018	$536,105	$461,694	$934,193	$74,411

Catholic Housing Corporation of Northern Berks County c/o Holy Family Senior