W H DEVELOPMENT CORPORATION (EIN 061637119) - 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

2001

Legal Domicile

Principal Officer

Robert Geiger

Phone

8603797001

Tax Period

2024-01-01 to 2024-12-31

W H DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $394K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $465K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO DEVELOP, OWN & OPERATE AFFORDABLE RESIDENTIAL HOUSING.

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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 $390,481

Investment Income $0

Other Revenue $3,757

TOTAL REVENUE $394,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,237

Other Expenses $464,699

TOTAL EXPENSES $464,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,238	$358,003	+0.1%
Expenses	$464,699	$428,665	+0.1%
Net Income	$-70,461	$-70,662	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Geiger	President	2.00	Officer Director	$0	$0	$0
CANDY PEREZ	Vice President	2.00	Officer Director	$0	$0	$0
NEIL R KELSEY	Treasurer	2.00	Officer Director	$0	$0	$0
JAMES E TOWNSEND	Director	1.00	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	$394,238	$464,699	$5,116,195	$-70,461
2023	$358,003	$428,665	$5,234,502	$-70,662
2022	$345,069	$442,632	$5,775,006	$-97,563
2021	$347,558	$435,054	$5,923,842	$-87,496
2020	$402,417	$449,148	$6,068,054	$-46,731
2020	$413,797	$596,074	$5,532,508	$-182,277
2019	$378,635	$486,848	$5,772,987	$-108,213
2018	$404,182	$500,852	$5,923,146	$-96,670

W H DEVELOPMENT CORPORATION