THE COLDBROOK FOUNDATION

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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

1998

Legal Domicile

Principal Officer

THOMAS SEAMAN

Phone

9252295000

Tax Period

2023-01-01 to 2023-12-31

Mission

COLDBROOK FOUNDATION WAS FORMED SPECIFICALLY TO PROMOTE THE AVAILABILITY OF FAIR AND DECENT HOUSING, BOTH RENTAL AND HOME OWNERSHIP OPPORTUNITIES, TO LOW-TO-MODERATE INCOME INDIVIDUALS AND FAMILIES. IT IS THE INTENT OF THIS CORPORATION TO ACT BOTH ON BEHALF OF AND FOR THE BENEFIT OF VARIOUS GOVERNMENTAL AGENCIES WHOSE POWERS AND PURPOSES INCLUDE THE MANDATE TO ACQUIRE, DEVELOP AND HOLD NEW AND/OR EXISTING MULTIFAMILY AND SINGLE-FAMILY HOUSING PROJECTS. EXAMPLES OF SUCH AGENCIES INCLUDE BUT ARE NOT LIMITED TO CITIES, COUNTIES AND HOUSING AUTHORITIES, INCLUDING JOINT POWERS AUTHORITIES COMPRISING SUCH AGENCIES. THIS CORPORATION SHALL ABIDE BY STATUTORY AFFORDABILITY GUIDELINES GOVERNING SUCH AGENCIES.

Program Service Accomplishments

Program 1

Expenses: $2,863

COLDBROOK FOUNDATION WAS FORMED SPECIFICALLY TO PROMOTE THE AVAILABILITY OF FAIR AND DECENT HOUSING, BOTH RENTAL AND HOME OWNERSHIP OPPORTUNITIES, TO LOW-TO-MODERATE INCOME INDIVIDUALS AND FAMILIES.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,863

Other Expenses $3,732

TOTAL EXPENSES $3,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$3	-1.0%
Expenses	$3,732	$134,071	-1.0%
Net Income	N/A	$-134,068	N/A

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
MARK CEDERBORG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
THOMAS R SEAMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
AL INOUYE	MEMBER	2.00	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	No data	$3,732	$322,121	No data
2022	$3	$134,071	$325,853	$-134,068
2021	$1,761,822	$709,774	$500,037	$1,052,048
2020	$1,111,317	$1,153,988	$2,908,161	$-42,671
2019	$3,217,749	$3,131,131	$3,233,620	$86,618
2018	$3,028,126	$3,110,956	$3,320,675	$-82,830