LEONARD BUILDINGS HOUSING DEVELOPMENT FUND CORPORATION

EIN: 274097969 501(c)(3)

SYRACUSE, NY

Total Revenue
$302,326
Total Expenses
$473,970
Total Assets
$4,882,199
Net Assets
$4,115,905
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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
2017
Legal Domicile
NY
Principal Officer
MARK HILL
Phone
3154704330
Tax Period
2021-01-01 to 2021-12-31

LEONARD BUILDINGS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2017, is a small nonprofit that reported $302K in total revenue in fiscal year 2021. Expenses of $474K exceeded revenue, resulting in a 57% operating deficit.

Mission

LOW INCOME HOUSING

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $299,454
Investment Income $1
Other Revenue $2,871
TOTAL REVENUE $302,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,551
Fundraising Expenses $0
Program Expenses $411,948
Other Expenses $441,419
TOTAL EXPENSES $473,970

Year-over-Year Comparison

2021 2020 Change
Revenue $302,326 $296,835 +0.0%
Expenses $473,970 $415,142 +0.1%
Net Income $-171,644 $-118,307 +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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM SIMMONS PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM KILLORY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
GLADYS SMITH SECRETARY/TREASURER 1.00
Officer 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
2021 $302,326 $473,970 $4,882,199 $-171,644
2020 $296,835 $415,142 $4,957,903 $-118,307
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