QUINNIPIAC VALLEY COMMUNITY DEVELOPMENT CORPORATION

EIN: 834532111 501(c)(3) Housing & Shelter

WALLINGFORD, CT

Total Revenue
$363,498
Total Expenses
$315,574
Total Assets
$1,592,059
Net Assets
$-124,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CT
Principal Officer
RON CANALIA
Phone
2032695173
Tax Period
2023-07-01 to 2024-06-30

QUINNIPIAC VALLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $363K in total revenue in fiscal year 2023. Expenses of $316K left a modest 13% surplus.

Mission

TO PROMOTE AND DEVELOP HIGH QUALITY AFFORDABLE HOUSING IN NEW HAVEN COUNTY.

Program Service Accomplishments

Program 1
Expenses: $288,751 Revenue: $115,369

MCKENNA COURT - 30 UNIT RESIDENTIAL RENTAL FOR LOW INCOME ELDERLY RESIDENTS. THIS DISREGARDED ENTITY IS ORGANIZED FOR THE PURPOSE OF REDEVELOPMENT ACTIVITIES FOR THE BENEFIT OF THE HOUSING AUTHORITY...

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MCKENNA COURT - 30 UNIT RESIDENTIAL RENTAL FOR LOW INCOME ELDERLY RESIDENTS. THIS DISREGARDED ENTITY IS ORGANIZED FOR THE PURPOSE OF REDEVELOPMENT ACTIVITIES FOR THE BENEFIT OF THE HOUSING AUTHORITY OF THE TOWN OF WALLINGFORD, RESIDENTS OF WALLINGFORD, AND AFFORDABLE HOUSING IN THE TOWN OF WALLINGFORD, AND ANY OTHER LEGALLY PERMISSIBLE ACTIVITIES IN ACCORDANCE WITH THE ACT (AS LISTED IN THE OPERATING AGREEMENT).

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $247,333
Program Service Revenue $113,624
Investment Income $796
Other Revenue $1,745
TOTAL REVENUE $363,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,722
Fundraising Expenses $0
Program Expenses $288,751
Other Expenses $245,852
TOTAL EXPENSES $315,574

Year-over-Year Comparison

2023 2022 Change
Revenue $363,498 $340,184 +0.1%
Expenses $315,574 $321,062 0.0%
Net Income $47,924 $19,122 +1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$195,260
Total Directors
4
$195,260
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS PISANI ACTING PRESIDENT 2.50
Officer Director
$0 $8,109 $128,152
BOB WIEDENMANN VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
RON CANALIA TREASURER 2.50
Officer Director
$0 $6,113 $67,108
FRANK STELLATO DIRECTOR 2.50
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
2025 No data No data No data No data
2024 $363,498 $315,574 $1,592,059 $47,924
2023 $340,184 $321,062 $1,540,602 $19,122
2022 $314,181 $382,876 $1,576,956 $-68,695
2020 $238,347 $303,576 $1,837,839 $-65,229
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