THE CARPENTER HOUSING DEVELOPMENT FUND COMPANY INC (EIN 061475666) - 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

1997

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-10-01 to 2024-09-30

THE CARPENTER HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $330K in total revenue in fiscal year 2023. Expenses of $390K exceeded revenue, resulting in a 18% operating deficit.

Mission

LOW-INCOME HOUSING PROJECT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $327,357

Investment Income $39

Other Revenue $3,067

TOTAL REVENUE $330,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,013

Fundraising Expenses $0

Program Expenses $306,412

Other Expenses $268,607

TOTAL EXPENSES $389,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,463	$342,106	0.0%
Expenses	$389,620	$353,097	+0.1%
Net Income	$-59,157	$-10,991	+4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ELWOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH BRAUNSCHEIDEL	TREASURER	1.00	Officer Director	$0	$0	$0
MARK DWORSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MCCRACKEN	SECRETARY	1.00	Officer Director	$0	$0	$0

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	$330,463	$389,620	$1,417,000	$-59,157
2023	$342,106	$353,097	$1,451,650	$-10,991
2022	$325,359	$357,268	$1,471,985	$-31,909
2021	$322,429	$381,618	$1,497,550	$-59,189
2020	$300,768	$354,931	$1,548,631	$-54,163
2019	$303,326	$345,208	$1,602,009	$-41,882
2018	$291,760	$352,197	$1,653,110	$-60,437

THE CARPENTER HOUSING DEVELOPMENT FUND COMPANY INC