CENTER HOUSING DEVELOPMENT FUND CORPORATION III (EIN 341976962) - 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 III, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $62K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $88K exceeded revenue, resulting in a 43% 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 $58,772

Investment Income $2

Other Revenue $2,760

TOTAL REVENUE $61,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,264

Fundraising Expenses $0

Program Expenses $83,458

Other Expenses $76,479

TOTAL EXPENSES $87,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,534	$53,120	+0.2%
Expenses	$87,743	$62,664	+0.4%
Net Income	$-26,209	$-9,544	+1.7%

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

$698,891

Total Directors

$649,820

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	$166	$32,927	$444,414
MARC ANTONUCCI	SECRETARY	1.00	Officer	$96	$11,455	$254,477
BRIAN T CREGIN	COO	1.00	Director	$73	$21,336	$205,406
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	$61,534	$87,743	$281,086	$-26,209
2022	$53,120	$62,664	$293,573	$-9,544
2021	$22,413	$63,649	$30,575	$-41,236
2020	$53,541	$42,023	$62,436	$11,518

CENTER HOUSING DEVELOPMENT FUND CORPORATION III