FRIENDSHIP HOUSE HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 842045943 501(c)(3)

ROME, NY

Total Revenue
$144,934
Total Expenses
$164,570
Total Assets
$3,407,042
Net Assets
$-1,818,639
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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
NY
Principal Officer
DONALD DAVIDSON
Phone
3153371401
Tax Period
2019-10-25 to 2019-12-31

FRIENDSHIP HOUSE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2019, is a small nonprofit that reported $145K in total revenue in fiscal year 2019. Expenses of $165K exceeded revenue, resulting in a 14% operating deficit.

Mission

RENTAL OF LOW INCOME APARTMENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $144,607
Investment Income $327
Other Revenue $0
TOTAL REVENUE $144,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,284
Fundraising Expenses $0
Program Expenses $164,570
Other Expenses $159,286
TOTAL EXPENSES $164,570

Year-over-Year Comparison

2019 2018 Change
Revenue $144,934 N/A N/A
Expenses $164,570 N/A N/A
Net Income $-19,636 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CARELLO PRESIDENT 0.00
Officer Director
$0 $0 $0
JOHN F BUFFA DIRECTOR 0.00
Officer Director
$0 $0 $0
DAVID COLLIS SECRETARY 0.00
Officer Director
$0 $0 $0
JOHN B LIGAS DIRECTOR 0.00
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
2019 $144,934 $164,570 $3,407,042 $-19,636
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