LIBERTY GOLDEN AGE HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 844885618 501(c)(3)

ROME, NY

Total Revenue
$908,577
Total Expenses
$1,013,947
Total Assets
$2,994,745
Net Assets
$-1,600,222
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
RANDELL DENTON
Phone
3153371401
Tax Period
2022-01-01 to 2022-12-31

LIBERTY GOLDEN AGE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2020, is a small nonprofit that reported $909K in total revenue in fiscal year 2022. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

LIBERTY GOLDEN AGE HOUSING DEVELOPMENT FUND COMPANY, INC. IS A NOT FOR PROFIT CORPORATION FORMED TO OPERATE A 100 UNIT MULTIFAMILY HOUSING PROJECT FOR LOW AND MODERATE INCOME SENIOR RESIDENTS LOCATED AT 33 MECHANIC STREET IN THE CITY OF NORWICH, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $878,994 Revenue: $908,163

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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $908,163
Investment Income $414
Other Revenue $0
TOTAL REVENUE $908,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,582
Fundraising Expenses $0
Program Expenses $878,994
Other Expenses $829,365
TOTAL EXPENSES $1,013,947

Year-over-Year Comparison

2022 2021 Change
Revenue $908,577 $903,078 +0.0%
Expenses $1,013,947 $932,387 +0.1%
Net Income $-105,370 $-29,309 +2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
14
Independent Members
14
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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CARELLO SR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN F BUFFA TREASURER 1.00
Officer Director
$0 $0 $0
DAVID COLLIS SECRETARY 1.00
Officer Director
$0 $0 $0
PATRICIA CAPRIO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DONALD DAVIDSON PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY BIRNIE DIRECTOR 0.00
Director
$0 $0 $0
FREDERICK GRIFFIN DIRECTOR 0.00
Director
$0 $0 $0
CINDY LAFOUNTAIN DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW NIMEY DIRECTOR 0.00
Director
$0 $0 $0
ROBERT RYAN DIRECTOR 0.00
Director
$0 $0 $0
REV MSGR WALTER MADEJ DIRECTOR 0.00
Officer Director
$0 $0 $0
MARY RHOADES DIRECTOR 0.00
Director
$0 $0 $0
RICHARD SANBORN DIRECTOR 0.00
Director
$0 $0 $0
CHRISTINA SANFILIPPO DIRECTOR 0.00
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
2022 $908,577 $1,013,947 $2,994,745 $-105,370
2021 $903,078 $932,387 $3,128,381 $-29,309
2020 $72,482 $275,515 $4,211,840 $-203,033
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