Providence Canalside Housing Corporation (EIN 823149520) - 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

2017

Legal Domicile

Principal Officer

Mark Greisberger

Phone

5853283210

Tax Period

2022-01-01 to 2022-12-31

Providence Canalside Housing Corporation, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $598K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $520K left a modest 13% surplus.

Mission

Operating a 25-unit low-income housing project, located in the Town of Lyons, New York.

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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 (2022)

Revenue Breakdown

Contributions & Grants $598,455

Program Service Revenue $0

Investment Income $0

Other Revenue $26

TOTAL REVENUE $598,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $518,773

Other Expenses $520,281

TOTAL EXPENSES $520,281

Year-over-Year Comparison

	2022	2021	Change
Revenue	$598,481	$755,385	-0.2%
Expenses	$520,281	$247,931	+1.1%
Net Income	$78,200	$507,454	-0.8%

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

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

$368,139

Total Directors

$368,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Greisberger	President	0.10	Officer Director	$0	$2,861	$74,389
Dan Sturgis	Treasurer	0.10	Officer Director	$0	$5,676	$147,571
Helen Bianchi	Secretary	0.10	Officer Director	$0	$13,315	$146,179

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	$598,481	$520,281	$265,105	$78,200
2021	$755,385	$247,931	$371,930	$507,454
2020	$28,890	$349,439	$233,964	$-320,549

Providence Canalside Housing Corporation