HOME CITY DEVELOPMENT INC (EIN 046190467) - 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

1968

Legal Domicile

Principal Officer

THOMAS KEGELMAN

Phone

4137855312

Tax Period

2024-01-01 to 2024-12-31

HOME CITY DEVELOPMENT INC, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

1.TO RESTORE OR REPLACE SUBSTANDARD HOUSING WITH A SUPPLY OF DECENT, AFFORDABLE, AND WELL-MANAGED HOUSING FOR INDIVIDUALS AND FAMILIES.2.TO FACILITATE NEIGHBORHOOD GROWTH AND HEALTH IN COLLABORATION WITH PARTNERS, LEADING TO LONG-TERM FAMILY AND COMMUNITY STABILITY.3.TO WORK WITH RESIDENTS, BUILDING ON THEIR STRENGTHS, TOWARD HEALTHY AND STABLE FUTURES.

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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 $595,108

Program Service Revenue $504,114

Investment Income $310,334

Other Revenue $27,546

TOTAL REVENUE $1,437,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $938,187

Fundraising Expenses $0

Program Expenses $1,191,630

Other Expenses $1,031,982

TOTAL EXPENSES $1,970,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,437,102	$1,135,582	+0.3%
Expenses	$1,970,169	$1,737,131	+0.1%
Net Income	$-533,067	$-601,549	-0.1%

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

$169,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ANDREW BALDER	DIRECTOR	1.00	Director	$0	$0	$0
V VAN JOHNSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCCOLGAN	DIRECTOR	1.00	Director	$0	$0	$0
LOLETA COLLINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER SUGRUE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MAYNARD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MALISSA NAYLOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEVERLY BATES	TREASURER	1.00	Officer Director	$0	$0	$0
BERTRAND DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KEGELMAN	EXECUTIVE DIRECTOR/ CLERK	40.00	Officer	$163,945	$6,001	$169,946
PETER SEAFINO	SENIOR PROJECT MANAGER	40.00	Highest	$131,633	$5,065	$136,698
JENNICA HUFF	DIRECTOR OF REAL ESTATE	40.00	Highest	$140,537	$0	$140,537
JOESIAH GONZALEZ	CHEIFPHILANTHROPY & COMMUNICATIONS OFFICER	40.00	Highest	$157,500	$4,946	$162,446

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	$1,437,102	$1,970,169	$54,239,900	$-533,067
2023	$1,135,582	$1,737,131	$23,941,602	$-601,549
2022	$3,023,264	$1,600,953	$19,443,390	$1,422,311
2021	$1,734,116	$1,430,775	$15,775,339	$303,341
2020	$1,154,466	$1,317,213	$16,105,510	$-162,747
2019	$1,669,722	$1,139,953	$14,915,610	$529,769
2018	$2,971,196	$1,875,800	$13,454,716	$1,095,396

HOME CITY DEVELOPMENT INC