CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 273976548 501(c)(3) Housing & Shelter

BUFFALO, NY

Total Revenue
$59,461
Total Expenses
$125,807
Total Assets
$1,092,285
Net Assets
$-541,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
STEPHANIE SIMEON
Phone
7168827661
Tax Period
2025-01-01 to 2025-12-31

CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $59K in total revenue in fiscal year 2025. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 112% operating deficit.

Mission

CYNTHIA GARDENS HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RUN THE OPERATIONS OF A LOW-INCOME APARTMENT COMPLEX.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $59,461
Investment Income $0
Other Revenue $0
TOTAL REVENUE $59,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,333
Other Expenses $125,807
TOTAL EXPENSES $125,807

Year-over-Year Comparison

2025 2024 Change
Revenue $59,461 $88,911 -0.3%
Expenses $125,807 $139,090 -0.1%
Net Income $-66,346 $-50,179 +0.3%
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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Governance

Voting Members
10
Independent Members
10
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
6
$212,542
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC LANDER PRESIDENT 0.50
Officer Director
$0 $0 $0
HOWARD BLOCK VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRIS FILLION TREASURER 0.50
Officer Director
$0 $0 $0
ALEXANDER DRAINVILLE SECRETARY 0.50
Officer Director
$0 $0 $0
LISA VAHAPOGLU MEMBER 0.50
Director
$0 $0 $0
ELIZA FRANK MEMBER 0.50
Director
$0 $0 $0
SHARONNDA BAXTER MEMBER 0.50
Director
$0 $0 $0
PAUL MCDONNELL MEMBER 0.50
Director
$0 $0 $0
THERESA GAY MEMBER 0.50
Director
$0 $0 $0
ALEX CARDUCCI MEMBER 0.50
Director
$0 $0 $0
STEPHANIE J SIMEON EXECUTIVE DIRECTOR 10.00
Officer
$0 $16,249 $152,868
MICHELLE WOOTEN DIRECTOR OF FINANCE 5.00
Officer
$0 $0 $59,674
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 $59,461 $125,807 $1,092,285 $-66,346
2024 $88,911 $139,090 $1,150,364 $-50,179
2023 $42,066 $155,459 $1,198,543 $-113,393
2022 $157,907 $140,262 $1,266,538 $17,645
2021 $50,263 $106,348 $1,242,733 $-56,085
2020 $52,346 $100,258 $1,287,464 $-47,912
2019 $52,921 $99,747 $1,331,912 $-46,826
2018 $49,120 $116,271 $1,382,272 $-67,151
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