Catholic Housing Corporation of La… - 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

2007

Legal Domicile

Principal Officer

JOSEPH A SHADID

Phone

6108656245

Tax Period

2023-01-01 to 2023-12-31

Catholic Housing Corporation of Lansford c/o Holy Family Senior Living, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2023. Expenses of $289K exceeded revenue, resulting in a 65% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $234,419 Revenue: $168,227

CATHOLIC HOUSING CORPORATION OF LANSFORD OPERATES A SECTION 8, LOW INCOME, ELDERLY HOUSING PROJECT LOCATED IN LANSFORD, PENNSYLVANIA. THERE ARE 17 ONE BEDROOM 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 $168,227

Investment Income $39

Other Revenue $6,725

TOTAL REVENUE $174,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,789

Fundraising Expenses $0

Program Expenses $234,419

Other Expenses $233,371

TOTAL EXPENSES $289,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,991	$165,292	+0.1%
Expenses	$289,160	$269,588	+0.1%
Net Income	$-114,169	$-104,296	+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

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	Officer Director	$0	$0	$0
BARbara Coffin	Vice Chairperson	1.0	Officer Director	$0	$0	$0
JOHN LYNCH	Treasurer	1.0	Officer Director	$0	$0	$0
Pamela Russo	Secretary	1.0	Officer 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	DIRECTOR - EFF. 10/2024	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	$174,991	$289,160	$1,816,826	$-114,169
2022	$165,292	$269,588	$1,924,267	$-104,296
2021	$162,835	$264,515	$2,033,108	$-101,680
2020	$151,888	$277,662	$2,101,672	$-125,774
2019	$155,481	$274,152	$2,299,010	$-118,671
2018	$151,016	$275,540	$2,410,399	$-124,524

Catholic Housing Corporation of Lansford c/o Holy Family Senior Living