CHP COVE INC (EIN 521949584) - 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

1995

Legal Domicile

Principal Officer

RICHARD F BURNS

Phone

6463364936

Tax Period

2024-01-01 to 2024-12-31

CHP COVE INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2024. Expenses of $5.7M left a modest 10% surplus.

Mission

THE CORPORATIONS'S PURPOSE IS TO PROVIDE LOW INCOME HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,363,837

Investment Income $149

Other Revenue $0

TOTAL REVENUE $6,363,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,634

Fundraising Expenses $0

Program Expenses $5,555,315

Other Expenses $5,163,795

TOTAL EXPENSES $5,726,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,363,986	$5,923,256	+0.1%
Expenses	$5,726,429	$5,409,681	+0.1%
Net Income	$637,557	$513,575	+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

N/A

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

$3,130,428

Total Directors

$1,063,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD F BURNS	PRESIDENT	1.00	Officer Director	$0	$18,993	$760,054
JOSEPH P WIEDORFER JR	VP	1.00	Officer Director	$0	$23,630	$303,128
JOHN CORBETT	VP	1.00	Officer Director	$0	$0	$0
HUGH JACOBS	VP	1.00	Officer	$0	$0	$0
THOMAS G VACCARO	SECRETARY	1.00	Officer	$0	$36,442	$285,213
STEVEN GREEN	VP	1.00	Officer	$0	$39,986	$548,069
ALLA ELEON	TREASURER	1.00	Officer	$0	$27,560	$341,015
ERIC PRICE	SENIOR VICE PRESIDENT	1.00	Officer	$0	$0	$512,500
CARLOS GONZALEZ	SENIOR VICE PRESIDENT	1.00	Officer	$0	$19,894	$380,449
FRED C MITCHELL	FORMER VP	1.00		$0	$2,000	$347,098

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	$6,363,986	$5,726,429	$9,486,037	$637,557
2023	$5,923,256	$5,409,681	$7,423,973	$513,575
2022	$5,650,588	$5,205,447	$7,740,852	$445,141
2021	$5,367,385	$20,960,876	$8,025,727	$-15,593,491
2020	$5,205,396	$4,656,965	$7,937,500	$548,431
2019	$4,990,992	$4,615,733	$8,155,345	$375,259
2018	$4,875,560	$4,758,983	$8,534,914	$116,577

CHP COVE INC