CFH BLONDELL HOUSING DEVELOPMENT F… - 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

2021

Legal Domicile

Principal Officer

GEORGE NASHAK

Phone

2123664459

Tax Period

2023-01-01 to 2023-12-31

Mission

BLONDELL AVENUE HDFC WILL BE DEDICATED TO SERVING MEDICALLY FRAIL AND MENTALLY ILL HOMELESS MEN, PROVIDING THEM WITH SHELTER AND A WIDE ARRAY OF SUPPORT SERVICES WITH THE GOAL OF RESTORING THEM TO HEALTH AND PLACING THEM IN APPROPRIATE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $602

BLONDELL AVENUE HDFC WILL SERVE 200 HOMELESS MEN LIVING WITH MENTAL ILLNESS AND WILL ASSIST THEM TO ACHIEVE PERMANENT HOUSING IN THE COMMUNITY. THE PROGRAM WILL ALSO INCLUDE A FEDERALLY QUALIFIED...

BLONDELL AVENUE HDFC WILL SERVE 200 HOMELESS MEN LIVING WITH MENTAL ILLNESS AND WILL ASSIST THEM TO ACHIEVE PERMANENT HOUSING IN THE COMMUNITY. THE PROGRAM WILL ALSO INCLUDE A FEDERALLY QUALIFIED HEALTH CENTER THAT WILL SERVE THE RESIDENTS OF THE PROGRAM AND HOMELESS PATIENTS FROM THE COMMUNITY. BLONDELL AVENUE IS CURRENTLY UNDER CONSTRUCTION AND CFH ANTICIPATES OPENING THE PROGRAM IN 2024.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $602

Other Expenses $602

TOTAL EXPENSES $602

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$216,980	-1.0%
Expenses	$602	N/A	N/A
Net Income	N/A	$216,980	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

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

$815,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRIGOR LICUL	TREASURER	1.00	Officer Director	$0	$0	$0
HARRY K THOMAS JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUDY TABAK	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT HECKART	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY KARCHER	BOARD CHAIRPERSON (OUTGOING)	1.00	Officer Director	$0	$0	$0
GEORGE NASHAK	PRESIDENT AND CEO	1.00	Officer	$0	$8,794	$374,047
JOHN CHUE	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,501	$202,276
RONALD LAWSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$48,389	$239,056

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	No data	$602	$204,956	No data
2022	$216,980	No data	$205,558	No data

CFH BLONDELL HOUSING DEVELOPMENT FUND CORPORATION