COMMUNITY HOUSING ASSOCIATION INC

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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

1978

Legal Domicile

Principal Officer

JOAN DENISON

Phone

3144321610

Tax Period

2023-05-01 to 2024-04-30

Mission

COMMUNITY HOUSING ASSOCIATION, INC. PROVIDED AFFORDABLE HOUSING FOR SENIORS, AS WELL AS ADULTS WITH QUALIFYING MOBILITY IMPAIRMENTS, IN A VIBRANT, SAFE, AND SUPPORTIVE COMMUNITY.

Program Service Accomplishments

Program 1

THROUGH AUGUST 31, 2022 THE ORGANIZATION PROVIDED APARTMENT RENTAL HOUSING FOR SENIOR CITIZENS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THERE ARE 150 UNITS. 10% OF THE UNITS (15 UNITS)...

THROUGH AUGUST 31, 2022 THE ORGANIZATION PROVIDED APARTMENT RENTAL HOUSING FOR SENIOR CITIZENS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THERE ARE 150 UNITS. 10% OF THE UNITS (15 UNITS) ARE RESERVED FOR MOBILITY IMPAIRED INDIVIDUALS (OVER 18 YEARS OF AGE).

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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

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$9,539,580	-1.0%
Expenses	N/A	$14,378,434	-1.0%
Net Income	N/A	$-4,838,854	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

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

$376,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HOWARD ROSEN	BOARD CHAIR	Officer Director	$0	$0	$0
BRIAN NEWMAN	1ST VICE CHAIR	Officer Director	$0	$0	$0
BARRY SPIEGELGLASS	VICE CHAIR BUILDING DEVELOPMENT	Officer Director	$0	$0	$0
RICHARD ALPORT	TREASURER	Officer Director	$0	$0	$0
JESSICA MIROWITZ	SECRETARY	Officer Director	$0	$0	$0
JOSHUA CORSON	IMMEDIATE PAST CHAIR	Officer Director	$0	$0	$0
PAUL CAHN	DIRECTOR	Director	$0	$0	$0
TODD COHEN	DIRECTOR	Director	$0	$0	$0
STEPHEN DAVIS	DIRECTOR	Director	$0	$0	$0
STUART GREENBAUM	DIRECTOR	Director	$0	$0	$0
CHRISTI JOHNANINGMEYER	DIRECTOR	Director	$0	$0	$0
BONNIE SOLOMON	DIRECTOR	Director	$0	$0	$0
PATTY BLOOM	DIRECTOR	Director	$0	$0	$0
EDDIE CHERRY	DIRECTOR	Director	$0	$0	$0
ADAM HENDIN	DIRECTOR	Director	$0	$0	$0
EDIE JANSSON	DIRECTOR	Director	$0	$0	$0
JAY KWESKIN	DIRECTOR	Director	$0	$0	$0
PATRICK O'BASUYI	DIRECTOR	Director	$0	$0	$0
JOAN DENISON	PRESIDENT AND CEO	Officer	$0	$16,358	$252,064
NANCY HAWK	CHIEF FINANCIAL OFFICER	Officer	$0	$11,757	$124,583

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	$9,539,580	$14,378,434	No data	$-4,838,854
2022	$1,523,254	$1,161,609	$4,871,187	$361,645
2021	$1,830,316	$1,294,850	$4,946,894	$535,466
2020	$2,081,265	$1,206,282	$4,976,622	$874,983
2019	$1,795,847	$1,167,686	$4,477,957	$628,161