CENTER HOUSING DEVELOPMENT FUND CORPORATION II (EIN 300144354) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

GREGORY J SORRENTINO

Phone

5189442100

Tax Period

2023-01-01 to 2023-12-31

CENTER HOUSING DEVELOPMENT FUND CORPORATION II, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $145K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE DISABLED AND LOW INCOME FAMILIES.

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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 $0

Program Service Revenue $109,446

Investment Income $25

Other Revenue $2,148

TOTAL REVENUE $111,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,359

Fundraising Expenses $0

Program Expenses $135,495

Other Expenses $135,122

TOTAL EXPENSES $145,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,619	$92,526	+0.2%
Expenses	$145,481	$132,116	+0.1%
Net Income	$-33,862	$-39,590	-0.1%

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

$698,890

Total Directors

$649,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY J SORRENTINO	PRES/CEO/TRE	1.00	Officer Director	$394	$32,927	$444,414
MARC ANTONUCCI	SECRETARY	1.00	Officer	$227	$11,455	$254,476
BRIAN T CREGIN	COO	1.00	Director	$175	$21,336	$205,407
JAMES P COLEMAN	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
ROSEMARIE V ROSEN	BOARD MEMBER	0.10	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	$111,619	$145,481	$867,047	$-33,862
2022	$92,526	$132,116	$921,721	$-39,590
2021	$65,552	$56,830	$292,051	$8,722
2020	$101,134	$54,126	$280,179	$47,008

CENTER HOUSING DEVELOPMENT FUND CORPORATION II