LIBERTY AFFORDABLE HOUSING INC

EIN: 300056836 501(c)(3) Housing & Shelter

ROME, NY

Total Revenue
$5,030,769
Total Expenses
$2,607,776
Total Assets
$43,498,911
Net Assets
$41,676,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
RANDELL DENTON
Phone
3153349333
Tax Period
2023-01-01 to 2023-12-31

LIBERTY AFFORDABLE HOUSING INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 250% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 48% operating margin.

Mission

TO PROVIDE AFFORDABLE, SECURE HOUSING TO LOWER INCOME AND ELDERLY TENANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,250
Program Service Revenue $4,682,358
Investment Income $254,439
Other Revenue $89,722
TOTAL REVENUE $5,030,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,198,578
Fundraising Expenses $0
Program Expenses $2,018,682
Other Expenses $1,409,198
TOTAL EXPENSES $2,607,776

Year-over-Year Comparison

2023 2022 Change
Revenue $5,030,769 $1,436,146 +2.5%
Expenses $2,607,776 $2,797,827 -0.1%
Net Income $2,422,993 $-1,361,681 -2.8%
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
14
Independent Members
14
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CARELLO PRESIDENT 0.00
Officer Director
$0 $0 $0
DONALD DAVIDSON VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JOHN BUFFA TREASURER 0.00
Officer Director
$0 $0 $0
DAVID COLLIS SECRETARY 0.00
Officer Director
$0 $0 $0
WALTER MADEJ CHAPLAIN 0.00
Director
$0 $0 $0
PATRICIA CAPRIO VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
TIMOTHY BIRNIE DIRECTOR 0.00
Director
$0 $0 $0
FREDERICK T GRIFFIN DIRECTOR 0.00
Director
$0 $0 $0
CINDY LAFOUNTAIN DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW NIMEY DIRECTOR 0.00
Director
$0 $0 $0
JOHN B LIGAS DIRECTOR EMERITUS 0.00
Director
$0 $0 $0
CHRISTINA SANFILIPPO DIRECTOR 0.00
Director
$0 $0 $0
CHARMAINE ROSADO DIRECTOR 0.00
Director
$0 $0 $0
KATHLEEN BIERMAN DIRECTOR 0.00
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
2024 No data No data No data No data
2023 $5,030,769 $2,607,776 $43,498,911 $2,422,993
2022 $1,436,146 $2,797,827 $40,622,365 $-1,361,681
2021 $3,969,317 $1,093,579 $41,578,723 $2,875,738
2020 $1,172,198 $1,469,217 $44,562,194 $-297,019
2019 $3,993,389 $2,763,382 $19,066,394 $1,230,007
2018 $466,486 $2,537,817 $17,187,964 $-2,071,331
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