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.

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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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