1854 CEDAR AVENUE HOUSING DEVELOPMENT FUND CORP (EIN 263788059) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Phone

2127801400

Tax Period

2024-07-01 to 2025-06-30

1854 CEDAR AVENUE HOUSING DEVELOPMENT FUND CORP, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SUPPORT FOR DEVELOPING HOUSING PROJECTS FOR PERSONS OF LOW INCOME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,269,763

Program Service Revenue $0

Investment Income $0

Other Revenue $6,001

TOTAL REVENUE $1,275,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,269,763

Other Expenses $1,269,763

TOTAL EXPENSES $1,269,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,275,764	$1,278,118	0.0%
Expenses	$1,269,763	$1,274,119	0.0%
Net Income	$6,001	$3,999	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$618,959

Total Directors

$618,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN WARNKE	TREASURER	1.0	Officer Director	$0	$0	$0
CAROLYN HEDIGAN	PRESIDENT	1.0	Officer Director	$0	$29,456	$369,049
CHRISTOPHER LACOVARA	SECRETARY THRU APRIL 2025	1.0	Officer Director	$0	$2,942	$249,910

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	$1,275,764	$1,269,763	$12,369,543	$6,001
2024	$1,278,118	$1,274,119	$12,820,111	$3,999
2023	$1,281,285	$1,276,285	$13,245,283	$5,000
2022	$1,284,276	$1,279,276	$13,646,473	$5,000
2021	$1,287,338	$1,282,100	$14,025,018	$5,238
2020	$1,289,767	$1,285,005	$14,382,182	$4,762
2019	$1,292,285	$1,287,285	$14,719,155	$5,000
2018	$1,302,163	$1,289,663	$15,037,064	$12,500

1854 CEDAR AVENUE HOUSING DEVELOPMENT FUND CORP