NORTHFIELD HOUSING DEVELOPMENT FUN… - 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

2003

Legal Domicile

Principal Officer

NEIL CAVALIERI

Phone

5853771810

Tax Period

2023-04-01 to 2024-03-31

Mission

TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $335,845

NORTHFIELD HOUSING DEVELOPMENT FUND CORPORATION WAS INCORPORATED TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK. THE ORGANIZATION OWNS A 69 UNIT BUILDING...

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,845

Other Expenses $335,845

TOTAL EXPENSES $335,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$405,000	-1.0%
Expenses	$335,845	$375,093	-0.1%
Net Income	N/A	$29,907	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM POELMA	Vice President	1.00	Officer Director	$0	$0	$0
CHRIS MARIANO	Treasurer	1.00	Officer Director	$0	$0	$0
JEAN LOWE	Director	1.00	Director	$0	$0	$0
CLAYTON CLOEN	Director	1.00	Director	$0	$0	$0
WAYNE LOOMIS	Director	1.00	Director	$0	$0	$0
MIKE MAENZA	Director	1.00	Director	$0	$0	$0
NEIL CAVALIERI	Vice President	1.00	Officer	$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	$335,845	$2,999,650	No data
2023	$405,000	$375,093	$3,789,872	$29,907
2022	$358,206	$556,815	$4,036,503	$-198,609
2021	$405,150	$574,051	$4,234,725	$-168,901
2020	$392,853	$532,809	$4,450,219	$-139,956

NORTHFIELD HOUSING DEVELOPMENT FUND CORPORATION