QUINNIPIAC VALLEY COMMUNITY DEVELOPMENT CORPORATION (EIN 834532111) - 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

2019

Legal Domicile

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 SUPPORT THE REDEVELOPMENT ACTIVITIES OF THE HOUSING AUTHORITY OF THE TOWN OF WALLINGFORD (WHA) CONNECTICUT, FOR THE BENEFIT OF THE LOW INCOME RESIDENTS OF WHA AND NEW HAVEN COUNTY, TO PROMOTE THE DEVELOPMENT OF HIGH QUALITY, SAFE AND SANITARY HOUSING WHICH IS AFFORDABLE TO RESIDENTS OF NEW HAVEN COUNTY, TO DEVELOP AND PROMOTE COMMUNITY BEAUTIFICATION PROJECTS, TO ENHANCE SECURITY OF NEW HAVEN COUNTY RESIDENTS AND TO PROMOTE THE CARE AND WELL-BEING OF NEW HAVE COUNTY ELDERLY RESIDENTS IN ALL ASPECTS OF THEIR LIVES.

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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 $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

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

$195,260

Total Directors

$195,260

Key Employees

Highest Compensated

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

QUINNIPIAC VALLEY COMMUNITY DEVELOPMENT CORPORATION