NCR OF SOLVAY HOUSING DEVELOPMENT … - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

CHRISTINE FRASCA

Phone

6144512151

Tax Period

2024-09-01 to 2025-08-31

NCR OF SOLVAY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1990, is a small nonprofit that reported $669K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $571K left a modest 15% surplus.

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR ALL SENIORS.

Program Service Accomplishments

Program 1

Expenses: $507,578 Revenue: $242,738

THE SOLE PURPOSE IS TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $423,073

Program Service Revenue $229,949

Investment Income $2,909

Other Revenue $12,789

TOTAL REVENUE $668,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $507,578

Other Expenses $571,386

TOTAL EXPENSES $571,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$668,720	$542,639	+0.2%
Expenses	$571,386	$499,393	+0.1%
Net Income	$97,334	$43,246	+1.3%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

$2,175,665

Total Directors

$1,384,243

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MALONEY	DIRECTOR	0.10	Director	$0	$0	$0
TINGTING LI	DIRECTOR	0.10	Director	$0	$0	$0
GREG COMFORT	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW D RULE	PRESIDENT	0.10	Officer Director	$0	$48,755	$579,239
SONYA BROWN	VICE PRESIDENT	0.10	Officer Director	$0	$44,000	$482,724
JILL KOLB	TREASURER	0.10	Officer Director	$0	$42,628	$322,280
JULIE M WOOLLEY	SECRETARY	0.10	Officer	$0	$28,845	$490,006
ERIC WALKER	VICE PRESIDENT	0.10	Officer	$0	$35,444	$301,416
SEAN ALEXANDER	VICE PRESIDENT	0.10	Officer	$0	$0	$0
ROBERT S WALTER	FORMER VICE PRESIDENT	0.10		$0	$24,996	$435,707

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	$668,720	$571,386	$2,035,902	$97,334
2024	$542,639	$499,393	$1,864,583	$43,246
2023	$518,838	$515,627	$1,890,426	$3,211
2022	$500,767	$476,577	$1,962,090	$24,190
2021	$489,773	$472,212	$1,991,592	$17,561
2020	$506,094	$460,279	$2,025,419	$45,815
2019	$472,440	$437,819	$2,078,292	$34,621

NCR OF SOLVAY HOUSING DEVELOPMENT FUND COMPANY INC