CHELSEA LEAF SOUTH HOUSING DEVELOPMENT FUND (EIN 472812918) - 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

2015

Legal Domicile

Principal Officer

ANNIE SORIANO

Phone

2129955000

Tax Period

2023-01-01 to 2023-12-31

CHELSEA LEAF SOUTH HOUSING DEVELOPMENT FUND, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CHELSEA LEAF SOUTH HOUSING DEVELOPMENT FUND CORPORATION IS TO PROVIDE SAFE, AFFORDABLE HOUSING AND VITAL SUPPORT SERVICES TO MEN AND WOMEN LIVING WITH AIDS WHO WERE FORMERLY HOMELESS OR MARGINALLY HOUSED.

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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 $842,013

Program Service Revenue $461,224

Investment Income $16

Other Revenue $124,014

TOTAL REVENUE $1,427,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,338

Fundraising Expenses $4,326

Program Expenses $1,188,795

Other Expenses $1,124,568

TOTAL EXPENSES $1,437,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,427,267	$1,332,095	+0.1%
Expenses	$1,437,906	$1,590,695	-0.1%
Net Income	$-10,639	$-258,600	-1.0%

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

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

$353,808

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERENCE KANNENGIESER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON DULL	TREASURER	2.00	Officer Director	$0	$0	$0
JEN CINCLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCCLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAYTON MCPHAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE SORIANO	EXECUTIVE DIRECTOR	1.00	Officer	$0	$33,893	$207,701
EDUVIGES CORDERO	CONTROLLER	1.00	Officer	$0	$20,983	$146,107

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
2023	$1,427,267	$1,437,906	$5,746,438	$-10,639
2022	$1,332,095	$1,590,695	$6,065,466	$-258,600
2021	$945,267	$1,412,099	$352,086	$-466,832
2020	$332,443	$435,228	$544,132	$-102,785

CHELSEA LEAF SOUTH HOUSING DEVELOPMENT FUND