Windmill Housing Development Fund Company Inc (EIN 112768453) - 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

1985

Legal Domicile

Principal Officer

Kathy Byrnes

Phone

6313247195

Tax Period

2024-07-01 to 2025-06-30

Windmill Housing Development Fund Company Inc, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $950K in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FOR SENIOR CITIZENS.

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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 $928,516

Investment Income $15,248

Other Revenue $6,587

TOTAL REVENUE $950,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,442

Fundraising Expenses $0

Program Expenses $726,619

Other Expenses $518,246

TOTAL EXPENSES $939,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$950,351	$925,150	+0.0%
Expenses	$939,688	$867,892	+0.1%
Net Income	$10,663	$57,258	-0.8%

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

$187,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BYRNES	EXECUTIVE DIRECTOR	1.0	Officer	$0	$48,333	$187,645
Susan Rossi	Chair	1.0	Officer Director	$0	$0	$0
Ed Ecker	Chair (Thru 09/24)	1.0	Officer Director	$0	$0	$0
Marge Harvey	Vice Chair	1.0	Officer Director	$0	$0	$0
MAUREEN FAIRLIE	SECRETARY	1.0	Officer Director	$0	$0	$0
JILL JAMES	TREASURER I & II	1.0	Officer Director	$0	$0	$0
SHARON BACON	Co-Treasurer	1.0	Officer Director	$0	$0	$0
Mike Tracey	BOARD MEMBER	1.0	Director	$0	$0	$0
Christine Coughlin	Board Member	1.0	Director	$0	$0	$0
Joanne M Minieri	Board Member	1.0	Director	$0	$0	$0
James Devine	Board Member (Thru 09/24)	1.0	Director	$0	$0	$0
Tom Scott	Board Member (Thru 09/24)	1.0	Director	$0	$0	$0
Thomas Ciccariello	Board Member (Thru 09/24)	1.0	Director	$0	$0	$0
Linda Blowe	Board Member	1.0	Director	$0	$0	$0
Marian Zucker	Board Member	1.0	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
2025	$950,351	$939,688	$532,766	$10,663
2024	No data	No data	No data	No data
2023	$862,818	$842,720	$580,600	$20,098
2022	$851,734	$829,579	$502,103	$22,155
2021	$805,825	$746,021	$521,429	$59,804
2020	$802,686	$809,041	$499,118	$-6,355
2019	$787,486	$793,623	$531,158	$-6,137

Windmill Housing Development Fund Company Inc