HELEN HILL HOUSING DEVELOPMENT FUN… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

ROBERT LABA

Phone

5188913050

Tax Period

2023-01-01 to 2023-12-31

HELEN HILL HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2018, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $137K exceeded revenue, resulting in a 47% operating deficit.

Mission

HELEN HILL HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT FOR PROFIT CORPORATION FORMED TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME LOCATED AT OR NEAR 47 FRONT STREET, VILLAGE OF SARANAC LAKE, TOWN OF HARRIETSTOWN, COUNTY OF FRANKLIN, STATE OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $137,424 Revenue: $93,711

DEVELOP AND OPERATE A 12-UNIT HOUSING PROJECT FOR LOW INCOME INDIVIDUALS.

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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 $93,699

Investment Income $12

Other Revenue $0

TOTAL REVENUE $93,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,424

Other Expenses $137,424

TOTAL EXPENSES $137,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,711	$104,981	-0.1%
Expenses	$137,424	$118,865	+0.2%
Net Income	$-43,713	$-13,884	+2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBERT LABA	PRESIDENT	Officer Director	$0	$0	$0
ERIKA BEZIO	VICE PRESIDENT	Officer Director	$0	$0	$0
LISA MCKENNA	SECRETARY	Officer 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	$93,711	$137,424	$1,165,964	$-43,713
2022	$104,981	$118,865	$1,215,754	$-13,884
2019	$93,686	$81,049	$1,260,878	$12,637
2018	No data	$8	$643,850	No data

HELEN HILL HOUSING DEVELOPMENT FUND COMPANY INC