THOMAS HOUSING DEVELOPMENT CORPORATION (EIN 030463073) - 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

2002

Legal Domicile

Principal Officer

NAJLA WORTHAM

Phone

3015726585

Tax Period

2024-07-01 to 2025-06-30

THOMAS HOUSING DEVELOPMENT CORPORATION, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $74K in total revenue in fiscal year 2024. Expenses of $107K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE RENTAL ASSISTANCE FOR INDIVIDUALS WITH MENTAL ILLNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,903

Investment Income $73

Other Revenue $4,855

TOTAL REVENUE $73,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,148

Other Expenses $106,623

TOTAL EXPENSES $106,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,831	$71,681	+0.0%
Expenses	$106,623	$86,245	+0.2%
Net Income	$-32,792	$-14,564	+1.3%

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

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

$453,265

Total Directors

$303,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAJLA WORTHAM	PRESIDENT	1.00	Officer Director	$0	$43,333	$262,339
FREDERIC B CHANTEAU	TRUSTEE	1.00	Director	$0	$0	$31,384
JAMES D WINSLOW	CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$10,000
CHRISTOPHER FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
AMIR MALEK	COO	1.00	Officer	$0	$15,550	$180,926

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	$73,831	$106,623	$516,570	$-32,792
2024	$71,681	$86,245	$510,835	$-14,564
2023	$64,500	$90,999	$464,175	$-26,499
2022	$65,652	$89,376	$477,171	$-23,724
2021	$63,810	$84,523	$498,563	$-20,713
2020	$63,319	$83,908	$495,363	$-20,589
2019	$64,283	$84,365	$491,484	$-20,082
2018	$65,793	$72,739	$520,654	$-6,946

THOMAS HOUSING DEVELOPMENT CORPORATION