FREEPORT, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEPORT COMMUNITY DEVELOPMENT INC, founded in 2017, is a micro nonprofit in the Housing & Shelter sector that reported $79K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $97K exceeded revenue, resulting in a 22% operating deficit.
THE CORPORATION IS FORMED FOR THE PURPOSE OF CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS MAY BE AMENDED FROM TIME TO TIME, (SEE SCHEDULE O, PAGE 23 FOR CONTINUATION) FOR THE RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEDGED, AND PROMOTION OF SOCIAL WELFARE TO LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE AND DISCRIMINATION AND COMBAT COMMUNITY DETERIORATION. THEREFORE, THE CORPORATION'S MISSION IS TO ACHIEVE, ON A NOT-FOR-PROFIT BASIS, DECENT AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES, PROGRAMS AND FACILITIES SPECIFICALLY DESIGNED TO MEET THE NEEDS AND REQUIREMENTS OF LOW INCOME INDIVIDUALS, FAMILIES AND SENIORS.
THE TAX EXEMPT ORGANIZATION WAS SUCCESSFUL IN PREVIOUSLY CLOSING ON AN IDENTIFIED AFFORDABLE HOUSING PROJECT AND RECEIVED ITS AGREED UPON ADDITIONAL DEVELOPMENT FEE DURING THE CURRENT FISCAL YEAR...
THE TAX EXEMPT ORGANIZATION WAS SUCCESSFUL IN PREVIOUSLY CLOSING ON AN IDENTIFIED AFFORDABLE HOUSING PROJECT AND RECEIVED ITS AGREED UPON ADDITIONAL DEVELOPMENT FEE DURING THE CURRENT FISCAL YEAR. THE ORGANIZATION IS NOW IN THE INITIAL PHASE OF IDENTIFYING ITS NEXT AFFORDABLE HOUSING PROJECT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $79,000 | $70,000 | +0.1% |
| Expenses | $96,761 | $183,864 | -0.5% |
| Net Income | $-17,761 | $-113,864 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSEPH CATTANO | PRESIDENT/DIRECTOR | 1.00 |
Officer
Director
|
$3,000 | $0 | $3,000 |
| DAVID E JONES | VICE PRESIDENT/DIRECTOR | 1.00 |
Officer
Director
|
$2,400 | $0 | $2,400 |
| ROBERT BATTELLI | DIRECTOR | 1.00 |
Director
|
$2,400 | $0 | $2,400 |
| MICHAEL SMITH | DIRECTOR | 1.00 |
Director
|
$2,400 | $0 | $2,400 |
| THOMAS CUSANELLI | DIRECTOR | 1.00 |
Director
|
$2,400 | $0 | $2,400 |
| JEFFREY GABEL | TREASURER/DIRECTOR | 1.00 |
Officer
Director
|
$2,400 | $0 | $2,400 |
| JOADY B FEINER ESQ | SECRETARY (PRO-TEM) | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $79,000 | $96,761 | $352,979 | $-17,761 |
| 2023 | $70,000 | $183,864 | $370,740 | $-113,864 |
| 2022 | $75,000 | $155,602 | $484,604 | $-80,602 |
| 2021 | $126,845 | $124,604 | $565,206 | $2,241 |
| 2020 | $673,089 | $115,322 | $562,965 | $557,767 |
Compare FREEPORT COMMUNITY DEVELOPMENT INC with other nonprofits in New York and across the country.