HOUSING DEVELOPMENT FUND INC (EIN 061276156) - 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

1989

Legal Domicile

Principal Officer

KILEY GOSSELIN

Phone

2039691830

Tax Period

2024-07-01 to 2025-06-30

HOUSING DEVELOPMENT FUND INC, founded in 1989, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.3M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 68% operating margin.

Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING, BOTH RENTAL AND HOMEOWNERSHIP, AND ASSIST HOUSEHOLDS TO BECOME OWNERS OF AFFORDABLE HOMES.

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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 $9,296,479

Program Service Revenue $2,139,212

Investment Income $836,434

Other Revenue $-18,093

TOTAL REVENUE $12,254,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,204,412

Fundraising Expenses $376,334

Program Expenses $2,623,162

Other Expenses $1,706,142

TOTAL EXPENSES $3,910,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,254,032	$7,334,851	+0.7%
Expenses	$3,910,554	$3,342,616	+0.2%
Net Income	$8,343,478	$3,992,235	+1.1%

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

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

$243,446

Total Directors

$243,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KILEY GOSSELIN	PRESIDENT & CEO	39.00	Officer Director	$235,000	$8,446	$243,446
CLAY FOWLER	CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL WEINSTOCK	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL HUNTER	TREASURER	3.00	Officer Director	$0	$0	$0
ANNIE LAZARUS	SECRETARY	3.00	Officer Director	$0	$0	$0
BARBARA KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLARD MILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARJAN MURRAY	BOARD MEMBER (UNTIL 6/2025)	1.00	Director	$0	$0	$0
KATHLEEN ROMAGNANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLINE CHARMELUS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLICIA ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIA ARIAS	CHIEF FINANCIAL OFFICER	40.00	Highest	$107,161	$7,372	$114,533
JACLYNN ALVES	DIRECTOR OF RESIDENTIAL LENDING	40.00	Highest	$106,499	$8,533	$115,032
ELIOT PACHECO	DIRECTOR OF COMMERCIAL LENDING	40.00	Highest	$100,561	$7,339	$107,900
EUGENE SCHREINER	DIRECTOR OF COMMERCIAL LENDING	40.00	Highest	$125,532	$735	$126,267
ROXANA UBILLUS	DIRECTOR OF HOMEBUYER DEVELOPMENT	40.00	Highest	$100,576	$8,622	$109,198

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	$12,254,032	$3,910,554	$71,858,509	$8,343,478
2024	$7,334,851	$3,342,616	$62,649,637	$3,992,235
2023	$3,366,920	$3,327,155	$50,956,580	$39,765
2022	$5,301,670	$3,161,206	$52,033,074	$2,140,464
2021	$8,302,057	$4,026,762	$51,647,700	$4,275,295
2020	$3,532,564	$3,453,871	$61,419,506	$78,693
2019	$7,573,786	$4,573,569	$60,247,331	$3,000,217
2018	$6,019,477	$4,049,744	$60,000,034	$1,969,733

HOUSING DEVELOPMENT FUND INC