CENTER CITY HOUSING 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

1986

Legal Domicile

Principal Officer

NANCY CASHMAN

Phone

2187227161

Tax Period

2023-10-01 to 2024-09-30

CENTER CITY HOUSING CORP, founded in 1986, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 21% operating margin.

Mission

CCHC DEVELOPS, OWNS AND/OR MANAGES QUALITY HOUSING OPPORTUNITIES AND PROVIDES ASSOCIATED SERVICES FOR THOSE MOST IN NEED.

Program Service Accomplishments

Program 1

Expenses: $5,488,845 Revenue: $2,893,123

SUPPORTIVE SERVICES - THIS PROGRAM CONSISTS OF THE SUPPORTIVE SERVICES PROVIDED TO RESIDENTS OF THE SAN MARCO, RIVER CREST, GAGE EAST, HILLSIDE APARTMENTS, GATEWAY, PARK PLACE, GARFIELD, CAHILL...

SUPPORTIVE SERVICES - THIS PROGRAM CONSISTS OF THE SUPPORTIVE SERVICES PROVIDED TO RESIDENTS OF THE SAN MARCO, RIVER CREST, GAGE EAST, HILLSIDE APARTMENTS, GATEWAY, PARK PLACE, GARFIELD, CAHILL, BIRCHWOOD, MAYOWOOD, RIVER HEIGHTS, AND THE VARIOUS FAMILY SUPPORTIVE HOUSING PROJECTS OWNED BY THE CORPORATION, PLUS SILVER CREEK IN ROCHESTER (NOT OWNED BY THE CORPORATION). EXAMPLES OF SUPPORTIVE SERVICES INCLUDE BUT ARE NOT LIMITED TO CASE MANAGEMENT, EDUCATIONAL CLASSES, NUTRITION SERVICES, MEDICAL ASSISTANCE, BUDGETING ASSISTANCE AND SOCIAL SERVICES REFERRALS.

Program 2

Expenses: $6,234,451 Revenue: $5,130,139

REAL ESTATE OPERATIONS - THIS PROGRAM INCLUDES THE OPERATIONS OF MULTIFAMILY RESIDENTIAL PROPERTIES. ACTIVITIES INCLUDE BUT ARE NOT LIMITED TO LEASE UP AND LEASING, OPERATIONS BUDGETING DEVELOPMENT...

Program 3

Expenses: $365,292 Revenue: $144,245

HOUSING DEVLOPMENT - THIS PROGRAM CONSISTS OF PROJECT FEASIBILITY ANALYSIS, PRE-DEVELOPMENT ACTIVITY AND DEVELOPMENT OF MULTIFAMILY RESIDENTIAL PROPERTIES. ACTIVITITES INCLUDE BUT ARE NOT LIMITED TO NEEDS ANALYSIS, SITE SELECTION AND SITE CONTROL, SCHEMATIC DESIGN, FUNDING IDENTIFICATION, BUDGET/PROFORMA DEVELOPMENT AND FUNDING REQUEST DEVELOPMENT.

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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 $8,256,227

Program Service Revenue $8,167,507

Investment Income $89,755

Other Revenue $0

TOTAL REVENUE $16,513,489

Expense Breakdown

Grants Paid $392,589

Salaries & Benefits $5,226,584

Fundraising Expenses $41,195

Program Expenses $12,088,588

Other Expenses $7,355,268

TOTAL EXPENSES $12,974,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,513,489	$9,663,892	+0.7%
Expenses	$12,974,441	$11,548,012	+0.1%
Net Income	$3,539,048	$-1,884,120	-2.9%

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

Governance

Voting Members

Independent Members

Employees

312

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

$309,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIRANDA PACHECO	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN OLESEN	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
PATTY WHELAN	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA HEHIR	BOARD MEMBER	1.00	Director	$0	$0	$0
ARCHIE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDRES GONZALEZ	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMMY HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WADE GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK MANCINI	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER MCEWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PRIEST	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SIMONSON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
NANCY CASHMAN	EXECUTIVE DIRECTOR	40.00	Officer	$171,389	$11,377	$182,766
KRISTIN MEYER	OPERATIONS DIRECTOR	40.00	Officer	$114,990	$12,119	$127,109
LORI REILLY	REGIONAL HOUSING DIRECTOR	40.00	Highest	$101,642	$23,832	$125,474

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	$16,513,489	$12,974,441	$62,257,829	$3,539,048
2023	$9,663,892	$11,548,012	$55,023,746	$-1,884,120
2022	$9,029,653	$10,229,031	$38,692,411	$-1,199,378
2021	$8,813,039	$10,396,760	$35,739,418	$-1,583,721
2020	$10,056,000	$9,140,105	$24,910,666	$915,895
2019	$7,560,769	$8,734,127	$23,762,522	$-1,173,358
2018	$7,867,808	$7,337,477	$20,726,961	$530,331