COATS STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 332339918 501(c)(3) Human Services

BELMONT, NY

Total Revenue
$2,432,967
Total Expenses
$154,292
Total Assets
$2,533,833
Net Assets
$2,533,833
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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
2024
Legal Domicile
NY
Principal Officer
LESLEY GOOCH-CHRISTMAN
Phone
5852687605
Tax Period
2025-03-01 to 2026-02-28

COATS STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2024, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2025. Revenue surged 854% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 94% operating margin.

Mission

TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE VILLAGE OF WELLSVILLE, NY

Program Service Accomplishments

Program 1
Expenses: $154,292 Revenue: $419,519

LOW INCOME HOUSING

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,013,448
Program Service Revenue $419,519
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,432,967

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $154,292
Other Expenses $154,292
TOTAL EXPENSES $154,292

Year-over-Year Comparison

2025 2024 Change
Revenue $2,432,967 $255,158 +8.5%
Expenses $154,292 N/A N/A
Net Income $2,278,675 $255,158 +7.9%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$259,094
Total Directors
3
$259,094
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLEY GOOCH-CHRISTMAN PRESIDENT 1.00
Officer Director
$0 $46,000 $149,977
JEFFREY STAGER SECRETARY 1.00
Officer Director
$0 $0 $0
LORRAINE HARMON TREASURER 1.00
Officer Director
$0 $8,956 $109,117
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
2026 $2,432,967 $154,292 $2,533,833 $2,278,675
2025 $255,158 No data $327,197 No data
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