VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION (EIN 922404388) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

COSTA CONSTANTINIDES

Phone

7187280946

Tax Period

2024-01-01 to 2024-06-30

VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION, founded in 2023, is a small nonprofit in the Housing & Shelter sector that reported $911K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO OPERATE LOW INCOME HOUSING FOR SENIOR RESIDENTS

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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 $910,517

Investment Income $299

Other Revenue $0

TOTAL REVENUE $910,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,725

Fundraising Expenses $0

Program Expenses $923,874

Other Expenses $956,822

TOTAL EXPENSES $1,041,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$910,816	$1,416,974	-0.4%
Expenses	$1,041,547	$4,340,341	-0.8%
Net Income	$-130,731	$-2,923,367	-1.0%

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

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

$220,136

Total Directors

$220,136

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COSTA CONSTANTINIDES	VICE PRESIDE	N/A	Officer Director	$0	$0	$220,136
KATHLEEN PRAGER	TREASURER	N/A	Officer Director	$0	$0	$0
FRANK RAFFAELE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WALTER SANCHEZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
CATHERINE VALLONE	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	$910,816	$1,041,547	$11,686,911	$-130,731
2023	$1,416,974	$4,340,341	$11,730,502	$-2,923,367

VALLONE ASR HOUSING DEVELOPMENT FUND CORPORATION