CLARKSTOWN HOUSING DEVELOPMENT FUN… - 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

2022

Legal Domicile

Principal Officer

GEORGE HOEHMANN

Phone

8456392060

Tax Period

2023-01-01 to 2023-12-31

CLARKSTOWN HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO DEVELOP A HOUSING PROJECT FOR PERSONS OF LOW INCOME IN THE TOWN OF CLARKSTOWN AND TO PROVIDE SOCIAL SERVICES FOR PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO DEVELOP AND MAINTAIN HOUSING PROJECTS IN THE TOWN OF CLARKSTOWN FOR PERSONS OF LOW INCOME.

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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 $5,909,229

Program Service Revenue $0

Investment Income $252,934

Other Revenue $0

TOTAL REVENUE $6,162,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,162,163	$4,808,991	+0.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$4,808,991	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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE HOEHMANN	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANK BORELLI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GRAZIANO	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
DONALD FRANCHINO	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$6,162,163	No data	$10,971,154	No data
2022	$4,808,991	No data	$4,808,991	No data

CLARKSTOWN HOUSING DEVELOPMENT FUND COMPANY INC