EDGEWATER HOUSING FINANCE CORPORAT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JOSEPH CAPANO

Phone

2019436000

Tax Period

2023-01-01 to 2023-12-31

EDGEWATER HOUSING FINANCE CORPORATION, founded in 1997, is a small nonprofit that reported $425K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AND MANAGE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $457,914 Revenue: $425,496

To provide housing for low and moderate income families

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $412,888

Investment Income $11,286

Other Revenue $1,322

TOTAL REVENUE $425,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,054

Fundraising Expenses $0

Program Expenses $457,914

Other Expenses $376,860

TOTAL EXPENSES $457,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,496	$418,047	+0.0%
Expenses	$457,914	$445,546	+0.0%
Net Income	$-32,418	$-27,499	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DIMITRIOS NIKOLAIDIS	President	Director	$0	$0	$0
VINCENT MONTE	Vice President	Director	$0	$0	$0
ROBERT HUESTON	SECRETARY	Director	$0	$0	$0
JAMES D'ANNA	MEMBER	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	$425,496	$457,914	$2,548,836	$-32,418
2022	$418,047	$445,546	$2,593,140	$-27,499
2021	$650,007	$704,108	$4,162,503	$-54,101
2020	$382,826	$353,173	$2,659,549	$29,653
2019	$358,369	$395,896	$2,636,721	$-37,527
2018	$361,020	$381,896	$2,658,635	$-20,876

EDGEWATER HOUSING FINANCE CORPORATION