COMMUNITY HEALTH FACILITIES FUND I… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

CHRISTOPHER CONLEY

Phone

2033595609

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HEALTH FACILITIES FUND INC, founded in 1991, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $164K exceeded revenue, resulting in a 314% operating deficit.

Mission

TO PROVIDE LONG-TERM CREDIT ENHANCEMENT FOR TAX-EXEMPT LOANS TO NONPROFIT COMMUNITY-BASED BEHAVIORAL HEALTHCARE ORGANIZATIONS (CHBOS) WHICH HAVE A NEED TO CONSTRUCT, RENOVATE OR EQUIP FACILITIES AND TO PROVIDE TECHNICAL ASSISTANCE TO CHBOS WHICH ARE EITHER APPLYING FOR A LOAN OR HAVE RECEIVED LOANS BY ASSISTING THEM IN TECHNIQUES OF FINANCIAL MANAGEMENT IN ORDER TO ENSURE PROMPT AND SUCCESSFUL PAYMENT OF THE LOAN.

Program Service Accomplishments

Program 1

Expenses: $143,327 Revenue: $39,724

TECHNICAL ASSISTANCE TO BORROWERS WHICH ARE APPLYING FOR A LOAN OR HAVE RECEIVED LOANS AND ARE ASSISTING THEM IN THE TECHNIQUES OF FINANCIAL MANAGEMENT. WORKED WITH ONE ORGANIZATION ON FINANCING...

TECHNICAL ASSISTANCE TO BORROWERS WHICH ARE APPLYING FOR A LOAN OR HAVE RECEIVED LOANS AND ARE ASSISTING THEM IN THE TECHNIQUES OF FINANCIAL MANAGEMENT. WORKED WITH ONE ORGANIZATION ON FINANCING, REFINANCING NEEDS TOTALING APPROXIMATELY $500,000 AND WORKED WITH ONE ORGANIZATION ON TECHNICAL ASSISTANCE.

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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 $39,724

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,327

Other Expenses $164,400

TOTAL EXPENSES $164,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,724	$36,716	+0.1%
Expenses	$164,400	$139,781	+0.2%
Net Income	$-124,676	$-103,065	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CONLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEAN ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY TAUB	SECRETARY	2.00	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	$39,724	$164,400	$747,971	$-124,676
2022	$36,716	$139,781	$868,399	$-103,065
2021	$35,990	$128,234	$971,464	$-92,244
2020	$37,211	$77,386	$1,183,789	$-40,175
2019	$43,554	$147,341	$1,149,277	$-103,787
2018	$36,638	$140,611	$1,155,050	$-103,973

COMMUNITY HEALTH FACILITIES FUND INC