MEADOW ON SENECA HOUSING DEVELOPEMENT FUND CORPORATION

EIN: 934036486 501(c)(3) Housing & Shelter

ALTAMONT, NY

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$1,416,800
Net Assets
N/A
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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
NY
Principal Officer
WILLIAM DEVITA
Phone
8778295500
Tax Period
2023-10-18 to 2023-12-31

Mission

TO DEVELOP A HOUSING PROJECT FOR "PERSONS OF LOW INCOME" (AS DEFINED IN APPLICABLE FEDERAL AND STATE HOUSING CAPITAL PROGRAMS) TO BE LOCATED IN ITHACA, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

THE ORGANIZATION HAS SECURED FINANCING FOR THE INITIAL COSTS OF PRELIMINARY STUDIES AND DESIGNS TO BE UTILIZED IN SUBMITTING CAPITAL FUNDING APPLICATIONS DURING 2024 TO THE NYS HOMELESS HOUSING...

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THE ORGANIZATION HAS SECURED FINANCING FOR THE INITIAL COSTS OF PRELIMINARY STUDIES AND DESIGNS TO BE UTILIZED IN SUBMITTING CAPITAL FUNDING APPLICATIONS DURING 2024 TO THE NYS HOMELESS HOUSING ASSISTANCE PROGRAM (HHAP) AND THE NYS OFFICE OF HOMES AND COMMUNITY RENEWAL (HCR).

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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 (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
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A 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

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
1

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
4
$917,197
Total Directors
4
$917,197
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM DEVITA PRESIDENT 1.00
Officer Director
$0 $32,574 $585,805
JOHN PADUANO VICE PRESIDENT 1.00
Officer Director
$0 $14,129 $237,823
ELIZABETH KADATZ TREASURER 1.00
Officer Director
$0 $0 $0
TIMOTHY FARRICKER SECRETARY 1.00
Officer Director
$0 $4,371 $93,569
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 No data $1,416,800 No data
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