CATHOLIC CHARITIES HOUSING DEV CORP

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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

1987

Legal Domicile

Principal Officer

ELIDA HERNANDEZ

Phone

3126557000

Tax Period

2022-07-01 to 2023-06-30

CATHOLIC CHARITIES HOUSING DEV CORP, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE ORGANIZATION ENGAGES IN THE DEVELOPMENT AND CONSTRUCTION OF HOUSING AND RELATED FACILITY PROGRAMS FOR VETERANS, THE ELDERLY AND DISABLED. THE ORGANIZATION MANAGES A 141 UNIT RESIDENCE FOR HOMELESS VETERANS AND OPERATES A 22 UNIT SUPPORTIVE RESIDENCE FOR LOW INCOME SENIORS.

Program Service Accomplishments

Program 1

Expenses: $1,488,740 Revenue: $884,538

THE BISHOP CONWAY RESIDENCE IS AN AFFORDABLE SUPPORTIVE LIVING RESIDENCE THAT OFFERS HOUSING TO SENIORS AGE 63 AND OLDER. IT CONSISTS OF 7 STUDIO APARTMENTS AND 15 COMPANION SUITES. THE ORGANIZATION OWNS A 99.99% SHARE OF THE LIMITED PARTNERSHIP THAT OWNS BISHOP CONWAY RESIDENCE, THE CORTLAND MANOR LP.

Program 2

Expenses: $987,992 Revenue: $491,425

THE ORGANIZATION ALSO MANAGES THE ST. LEO HOME FOR VETERANS, A 141 UNIT RESIDENCE FOR HOMELESS VETERANS. THE ORGANIZATION OWNS A 99.99% SHARE OF THE LIMITED PARTNERSHIP THAT OWNS THE ST. LEO HOME FOR...

Program 3

Expenses: $239,386

THE ORGANIZATION ENGAGES IN THE DEVELOPMENT AND CONSTRUCTION OF HOUSING AND RELATED FACILITY PROGRAMS FOR VETERANS, THE ELDERLY AND DISABLED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $76,276

Program Service Revenue $1,375,963

Investment Income $674,723

Other Revenue $0

TOTAL REVENUE $2,126,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $726,789

Fundraising Expenses $0

Program Expenses $2,716,118

Other Expenses $2,489,378

TOTAL EXPENSES $3,216,167

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,126,962	$10,918,856	-0.8%
Expenses	$3,216,167	$7,555,322	-0.6%
Net Income	$-1,089,205	$3,363,534	-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

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

$814,006

Total Directors

$1,478,518

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIDA HERNANDEZ	TREAS/CFO/ADMIN OFFICER	1.00	Officer Director	$0	$40,428	$295,654
AMI NOVORYTA	CHAIRPERSON/CHIEF PROGRAM OFFICER	1.00	Officer Director	$0	$34,525	$270,693
GINA CLEGGS	SECR/SNR VP OPS AND INNOVATION	1.00	Officer Director	$0	$26,511	$247,659
JAMES CUNNEA	DIRECTOR	1.00	Director	$0	$49,028	$186,172
ANGEL GUTIERREES	DIRECTOR	1.00	Director	$0	$37,675	$204,204
MILLICENT NTIAMOAH	DIRECTOR	1.00	Director	$0	$32,357	$151,719
ANTWAUN SMITH	DIRECTOR	1.00	Director	$0	$17,523	$122,417
KAREN O'MARA	DIRECTOR	0.00		$0	$9,518	$131,957

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,126,962	$3,216,167	$39,970,851	$-1,089,205
2022	$10,918,856	$7,555,322	$28,399,743	$3,363,534
2021	$1,438,499	$2,173,719	$27,326,808	$-735,220
2020	$1,317,250	$2,092,343	$27,570,263	$-775,093
2019	$3,336,566	$1,424,948	$28,352,822	$1,911,618
2019	$359,262	$1,889,948	$25,437,965	$-1,530,686