BROOME COUNTY VOA HOUSING DEVELOPMENT FUND CORPORATION (EIN 581917708) - 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

1992

Legal Domicile

Principal Officer

PETER DESJARDINS

Phone

6077726766

Tax Period

2021-07-01 to 2022-06-30

BROOME COUNTY VOA HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit that reported $141K in total revenue in fiscal year 2021. Expenses of $182K exceeded revenue, resulting in a 29% operating deficit.

Mission

SUBSIDIZED HOUSING FROM HANDICAPPED INDIVUDALS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $140,884

Investment Income $18

Other Revenue $0

TOTAL REVENUE $140,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,094

Fundraising Expenses $0

Program Expenses $152,865

Other Expenses $144,367

TOTAL EXPENSES $182,461

Year-over-Year Comparison

	2021	2020	Change
Revenue	$140,902	$140,924	0.0%
Expenses	$182,461	$179,657	+0.0%
Net Income	$-41,559	$-38,733	+0.1%

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

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

$2,737,166

Total Directors

$744,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W KING	PRESIDENT	N/A	Officer Director	$0	$169,940	$744,472
SHARON WILSON GENO	ASST SEC/TRE	N/A	Officer	$0	$153,623	$497,015
JOSEPH BUDZYNSKI	ASST SEC/TRE	N/A	Officer	$0	$76,526	$405,080
KIMBERLY KING	ASST. SEC/TR	N/A	Officer	$0	$53,419	$314,016
PETER DESJARDINS	ASST. SEC/TR	N/A	Officer	$0	$36,843	$268,552
NANCY GAVIN	ASST. SEC/TR	N/A	Officer	$0	$90,542	$255,909
FAITH NUTZ	ASST. SEC/TR	N/A	Officer	$0	$18,886	$146,475
MILFORD W MOYER	ASST. SEC/TR	N/A	Officer	$0	$9,724	$105,647
PATTI ARNOLD	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
SHAWN BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
JANE BURKS	TREASURER	N/A	Officer Director	$0	$0	$0
EDWINA CARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS DOLAN	SECRETARY	N/A	Officer Director	$0	$0	$0
ANDY EDEBURN	DIRECTOR	N/A	Director	$0	$0	$0
KEITH KNAPP	DIRECTOR	N/A	Director	$0	$0	$0
JAMES LEBLANC	DIRECTOR	N/A	Director	$0	$0	$0
BETH MULLEN	DIRECTOR	N/A	Director	$0	$0	$0
DERRICK PERKINS	DIRECTOR	N/A	Director	$0	$0	$0
JEANNE PETERSEN	DIRECTOR	N/A	Director	$0	$0	$0
NANCY RASE	VICE CHAIR	N/A	Officer Director	$0	$0	$0
PIERRE VIGILANCE	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN WAKEFIELD	DIRECTOR	N/A	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
2022	$140,902	$182,461	$488,025	$-41,559
2021	$140,924	$179,657	$521,674	$-38,733
2020	$130,080	$178,411	$560,503	$-48,331
2019	$130,830	$169,599	$611,618	$-38,769
2018	$127,013	$173,005	$655,134	$-45,992

BROOME COUNTY VOA HOUSING DEVELOPMENT FUND CORPORATION