CECELIA HOUSING INC

EIN: 521214517

BETHESDA, MD

Total Revenue
$4,045,313
Total Expenses
$6,947,332
Total Assets
$234,000
Net Assets
$230,215
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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
1981
Legal Domicile
VA
Principal Officer
KEVIN WHITE
Phone
3019418040
Tax Period
2021-01-01 to 2021-12-31

CECELIA HOUSING INC, founded in 1981, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2021. Revenue surged 8745% from the prior year, signaling strong growth momentum. Expenses of $6.9M exceeded revenue, resulting in a 72% operating deficit.

Mission

TO ACQUIRE AND DEVELOP MULTIFAMILY HOUSING FOR LOW AND MODERATE INCOME PERSONS.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,772,502
Investment Income $29,649
Other Revenue $243,162
TOTAL REVENUE $4,045,313

Expense Breakdown

Grants Paid $6,247,332
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,947,332
Other Expenses $700,000
TOTAL EXPENSES $6,947,332

Year-over-Year Comparison

2021 2020 Change
Revenue $4,045,313 $45,735 +87.5%
Expenses $6,947,332 $1,860 +3734.1%
Net Income $-2,902,019 $43,875 -67.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LENNON PRESIDENT 1/1-12/31/21 0.50
Officer Director
$0 $0 $0
FATHER RICHARD GUEST SECRETARY 1/1-12/31/21 0.05
Officer Director
$0 $0 $0
CHARLES WILSON TREASURER 1/1-12/31/21 0.05
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
2021 $4,045,313 $6,947,332 $234,000 $-2,902,019
2020 $45,735 $1,860 $3,412,976 $43,875
2019 $46,494 $1,925 $3,316,697 $44,569
2018 $39,719 $2,510 $3,213,645 $37,209
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