CEDARCREST HOUSING CORPORATION (EIN 251697071) - 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

JOHN J HADGKISS

Phone

4126584838

Tax Period

2024-07-01 to 2025-06-30

CEDARCREST HOUSING CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $457K in total revenue in fiscal year 2024.

Mission

OPERATION OF HUD SUBSIDIZED HOUSING FOR THE ELDERLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $291,904

Program Service Revenue $159,197

Investment Income $5,659

Other Revenue $0

TOTAL REVENUE $456,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,531

Fundraising Expenses $0

Program Expenses $484,030

Other Expenses $323,499

TOTAL EXPENSES $484,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,760	$438,379	+0.0%
Expenses	$484,030	$468,659	+0.0%
Net Income	$-27,270	$-30,280	-0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH GOCLANO	DIRECTOR	4.00	Director	$0	$0	$0
DOM GRANT	DIRECTOR	4.00	Director	$0	$0	$0
GARY GRANT	DIRECTOR	4.00	Director	$0	$0	$0
JOHN J HADGKISS	PRESIDENT	8.00	Officer Director	$0	$0	$0
JOHN LECHNER	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD LITRENTA	SEC/TREAS	3.00	Officer Director	$0	$0	$0
JOHN SARANDREA	DIRECTOR	3.00	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
2025	$456,760	$484,030	$841,583	$-27,270
2024	$438,379	$468,659	$855,890	$-30,280
2023	$414,732	$436,655	$896,653	$-21,923
2022	$396,014	$436,526	$926,523	$-40,512
2021	$383,133	$414,870	$939,919	$-31,737
2020	$343,036	$373,724	$971,465	$-30,688
2019	$317,227	$348,293	$1,009,491	$-31,066

CEDARCREST HOUSING CORPORATION