LIBERTY GEORGIAN ARMS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 884132751 501(c)(3) Housing & Shelter

ROME, NY

Total Revenue
$543,199
Total Expenses
$572,577
Total Assets
$4,175,682
Net Assets
$11,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
RANDELL DENTON
Phone
3153371401
Tax Period
2024-01-01 to 2024-12-31

LIBERTY GEORGIAN ARMS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $543K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

LIBERTY GEORGIAN ARMS HOUSING DEVELOPMENT FUND COMPANY, INC. OPERATES APARTMENT UNITS PROJECT IN UPSTATE NEW YORK. THE ORGANIZATION PRIMERILY PROVIDES HOUSING FOR LOW INCOME TENANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $526,828
Investment Income $1,667
Other Revenue $14,704
TOTAL REVENUE $543,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,554
Fundraising Expenses $0
Program Expenses $572,577
Other Expenses $379,023
TOTAL EXPENSES $572,577

Year-over-Year Comparison

2024 2023 Change
Revenue $543,199 $366,338 +0.5%
Expenses $572,577 $325,049 +0.8%
Net Income $-29,378 $41,289 -1.7%
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

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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
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
5
$0
Total Directors
15
$240,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CARELLO PRESIDENT 5.00
Officer Director
$0 $0 $0
DONALD DAVIDSON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
PATRICIA CAPRIO VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN N VAGIANELIS ESQ COUNSEL 1.00
Director
$0 $0 $0
JOHN F BUFFA TREASURER 5.00
Officer Director
$0 $0 $0
DAVID COLLIS SECRETARY 5.00
Officer Director
$0 $0 $0
REV MSGR WALTER MADEJ EXECUTIVE COMMITTEE MEMBER 1.00
Director
$0 $0 $0
TIMOTHY BIRNIE BOARD MEMBER 1.00
Director
$0 $0 $0
FREDERICK T GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW NIMEY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT RYAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN B LIGAS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA SANFILIPPO BOARD MEMBER 1.00
Director
$0 $0 $0
CHARMAINE ROSADO BOARD MEMBER 1.00
Director
$0 $0 $0
RANDELL DENTON EXECUTIVE DIRECTOR, PARENT ENTITY 0.50
Director
$0 $0 $240,000
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 $543,199 $572,577 $4,175,682 $-29,378
2024 $546,721 $582,096 $4,200,151 $-35,375
2023 $366,338 $325,049 $3,240,147 $41,289
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