CMHDC DEVELOPMENT SERVICES

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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

2009

Legal Domicile

Principal Officer

RAFAEL LEON

Phone

3124221680

Tax Period

2023-01-01 to 2023-12-31

CMHDC DEVELOPMENT SERVICES, founded in 2009, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

DEVELOP AFFORDABLE HOUSING- TO COMBAT DETERIORATION AND BLIGHT,AND SUPPORT AND ASSIST IN THE DEVELOPMENT, CONSTRUCTION AND OR REHABILITATION OF AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,408,460 Revenue: $1,189,099

THE ORGANIZATION PROVIDES REVITALIZATION, DEVELOPMENT AND FINANCING AND RENTALS OF LOW AND MODERATE INCOME HOUSING WITH EMPHASIS ON PROMOTING MIXED INCOME DEVELOPMENTS AND COMMUNITIES. DURING 2023...

THE ORGANIZATION PROVIDES REVITALIZATION, DEVELOPMENT AND FINANCING AND RENTALS OF LOW AND MODERATE INCOME HOUSING WITH EMPHASIS ON PROMOTING MIXED INCOME DEVELOPMENTS AND COMMUNITIES. DURING 2023 THE ORGANIZATION OWNED AND OPERATED 147 RENTAL UNITS.

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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 $109,515

Program Service Revenue $1,073,712

Investment Income $5,872

Other Revenue $0

TOTAL REVENUE $1,189,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,408,460

Other Expenses $1,464,368

TOTAL EXPENSES $1,464,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,189,099	$2,432,218	-0.5%
Expenses	$1,464,368	$3,014,987	-0.5%
Net Income	$-275,269	$-582,769	-0.5%

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

$194,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA DANIELS HALISI	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
RAFAEL LEON	CEO	5.00	Officer	$0	$0	$194,955
BRUCE MARTIN	PRESIDENT	2.00	Director	$0	$0	$0
GUACOLDA REYES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MARKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
ROSANNA MARQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
THEODORE WELDON III	DIRECTOR	2.00	Director	$0	$0	$0
MARLA KAIDEN	DIRECTOR	2.00	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
2023	$1,189,099	$1,464,368	No data	$-275,269
2022	$2,432,218	$3,014,987	$13,211,377	$-582,769
2021	$2,644,647	$3,061,797	$13,966,223	$-417,150
2020	$2,234,795	$2,764,849	$16,496,199	$-530,054
2019	$1,986,038	$2,564,308	$17,480,267	$-578,270
2018	$3,123,891	$2,106,381	$14,404,110	$1,017,510