CATHERINE GARDENS II HOUSING DEVELOPMENT FUND COMPANY INC (EIN 471193382) - 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

2014

Legal Domicile

Principal Officer

MARIA ALEXANDER

Phone

5185636180

Tax Period

2023-01-01 to 2023-12-31

CATHERINE GARDENS II HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2014, is a micro nonprofit that reported $79K in total revenue in fiscal year 2023. Expenses of $149K exceeded revenue, resulting in a 88% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN THE CITY OF PLATTSBURGH, 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79,109

Investment Income $0

Other Revenue $273

TOTAL REVENUE $79,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,523

Other Expenses $149,275

TOTAL EXPENSES $149,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,382	$79,440	0.0%
Expenses	$149,275	$136,774	+0.1%
Net Income	$-69,893	$-57,334	+0.2%

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

$156,516

Total Directors

$156,516

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA ALEXANDER	PRESIDENT	5.00	Officer Director	$0	$46	$95,477
ANGELA HAHN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$61,039
JEANIE ROBERTS	TREASURER	0.10	Officer Director	$0	$0	$0
SARAH SOUCIA	SECRETARY	0.10	Officer 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	$79,382	$149,275	$1,760,811	$-69,893
2022	$79,440	$139,473	$1,831,177	$-60,033
2021	$78,186	$130,733	$1,888,511	$-52,547
2020	$77,327	$129,237	$1,939,992	$-51,910
2019	$76,379	$118,591	$1,991,181	$-42,212
2018	$73,213	$122,395	$2,034,217	$-49,182

CATHERINE GARDENS II HOUSING DEVELOPMENT FUND COMPANY INC