Housing Corporation of Corry

EIN: 300801221 501(c)(3)

Corry, PA

Total Revenue
$321,236
Total Expenses
$151,993
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
PA
Principal Officer
Daniel McEldowney
Phone
8146655161
Tax Period
2017-09-01 to 2018-08-31

Housing Corporation of Corry, founded in 1974, is a small nonprofit that reported $321K in total revenue in fiscal year 2017. The organization ran a surplus of $169K, a strong 53% operating margin.

Mission

To provide housing to low-income families and the elderly under Section 8 of the United States Housing Act of 1937.

Program Service Accomplishments

Program 1
Expenses: $88,334 Revenue: $10,289

The Corporation operates a Section 8, low income and elderly housing project in Corry, Pennsylvania. The project consists of 14 one bedroom apartments, 25 two bedroom apartments, and 10 three bedroom...

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The Corporation operates a Section 8, low income and elderly housing project in Corry, Pennsylvania. The project consists of 14 one bedroom apartments, 25 two bedroom apartments, and 10 three bedroom apartments.

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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 (2017)

Revenue Breakdown

Contributions & Grants $55,912
Program Service Revenue $10,289
Investment Income $255,035
Other Revenue $0
TOTAL REVENUE $321,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,961
Fundraising Expenses $0
Program Expenses $88,334
Other Expenses $143,032
TOTAL EXPENSES $151,993

Year-over-Year Comparison

2017 2016 Change
Revenue $321,236 $309,676 +0.0%
Expenses $151,993 $260,026 -0.4%
Net Income $169,243 $49,650 +2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
4
$140,892
Total Directors
6
$140,892
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Denny Baker Vice President 0.50
Officer Director
$0 $0 $0
Daniel McEldowney President 0.50
Officer Director
$0 $0 $0
Gerry Dahl Secretary 0.50
Officer Director
$0 $0 $0
Chris Hornick Director 0.50
Director
$0 $0 $0
Michael McNierney Executive Dir. 8.00
Officer Director
$0 $11,551 $140,892
Crystal Catalfu Treasurer 0.50
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
2018 $321,236 $151,993 No data $169,243
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