GOUVERNEUR COURT HOUSING DEVELOPMENT FUND CORPORATION (EIN 454475604) - 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

2012

Legal Domicile

Phone

2127801400

Tax Period

2024-07-01 to 2025-06-30

GOUVERNEUR COURT HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 44% operating deficit.

Mission

TO OPERATE A LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN THE BOROUGH OF MANHATTAN, NEW YORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,040,836

Investment Income $40,656

Other Revenue $31,237

TOTAL REVENUE $1,112,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,457,192

Other Expenses $1,600,500

TOTAL EXPENSES $1,600,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,112,729	$1,445,419	-0.2%
Expenses	$1,600,500	$1,523,367	+0.1%
Net Income	$-487,771	$-77,948	+5.3%

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

$618,959

Total Directors

$618,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN HEDIGAN	PRESIDENT	1.0	Officer Director	$0	$29,456	$369,049
CHRISTOPHER LACOVARA	SECRETARY THRU APRIL 2025	1.0	Officer Director	$0	$2,942	$249,910

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	$1,112,729	$1,600,500	$6,316,294	$-487,771
2024	$1,445,419	$1,523,367	$6,795,432	$-77,948
2023	$1,455,451	$1,461,371	$6,889,708	$-5,920
2022	$1,308,946	$1,414,072	$6,812,360	$-105,126
2021	$1,332,773	$1,695,439	$6,980,696	$-362,666
2020	$1,407,120	$1,735,516	$7,364,597	$-328,396
2019	$1,523,746	$1,639,099	$7,686,442	$-115,353
2018	$1,391,753	$1,627,227	$7,929,523	$-235,474

GOUVERNEUR COURT HOUSING DEVELOPMENT FUND CORPORATION