BUCKS COUNTY HOUSING DEVELOPMENT CORPORA (EIN 237106474) - 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

1994

Legal Domicile

Principal Officer

STEPHEN MARZULLO

Phone

2152951443

Tax Period

2023-01-01 to 2023-12-31

BUCKS COUNTY HOUSING DEVELOPMENT CORPORA, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $170K in total revenue in fiscal year 2023. Expenses of $191K exceeded revenue, resulting in a 12% operating deficit.

Mission

MANAGE RENTAL HOUSING FOR LOW TO MODERATE INCOME SENIOR CITIZENS AT BELOW FAIR MARKET RENT.

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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 $155,088

Investment Income $15,148

Other Revenue $0

TOTAL REVENUE $170,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,170

Fundraising Expenses $0

Program Expenses $43,608

Other Expenses $61,492

TOTAL EXPENSES $190,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,236	$165,040	+0.0%
Expenses	$190,662	$165,601	+0.2%
Net Income	$-20,426	$-561	+35.4%

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

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
STEPHEN MARZULLO	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAUL SALVATORE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KIMBERLY SCARPIELLO	TREASURER	4.00	Officer Director	$0	$0	$0
PATRICK JMALLON SR	SECRETARY	4.00	Officer Director	$0	$0	$0
HON PHILIP J DALY	DIRECTOR	1.00	Director	$0	$0	$0
DAWN DIDONATO-BURKE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND MYSLINSKI	DIRECTOR	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	$170,236	$190,662	$6,533,451	$-20,426
2022	$165,040	$165,601	$6,567,397	$-561
2021	$159,143	$162,200	$6,574,237	$-3,057
2020	$149,930	$165,975	$6,570,482	$-16,045
2019	$158,823	$150,368	$6,555,190	$8,455
2018	$180,014	$165,644	$6,543,008	$14,370

BUCKS COUNTY HOUSING DEVELOPMENT CORPORA