WARTBURG HOUSING DEVELOPMENT FUND CORPORATION (EIN 113051052) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

LARAINE FELLEGARA

Phone

9143656365

Tax Period

2024-01-01 to 2024-12-31

WARTBURG HOUSING DEVELOPMENT FUND CORPORATION, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING FOR LOW INCOME AND INDIGENT PEOPLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,656,905

Investment Income $498

Other Revenue $3,205

TOTAL REVENUE $1,660,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,812

Fundraising Expenses $0

Program Expenses $1,476,966

Other Expenses $1,438,283

TOTAL EXPENSES $1,722,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,660,608	$1,520,132	+0.1%
Expenses	$1,722,095	$1,713,901	+0.0%
Net Income	$-61,487	$-193,769	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$755,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER MAZER	CHAIR	1.00	Officer Director	$0	$0	$0
JIM REGAN	SECRETARY (THROUGH AUGUEST 2024)	1.00	Director	$0	$0	$0
REV DR ALFRED THIAGARAJAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH BENKE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL TEATOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LARAINE FELLEGARA	CEO	1.00	Officer	$0	$57,200	$577,929
KATHLEEN MCEVOY	DIRECTOR OF FINANCE	1.00	Officer	$0	$26,974	$177,760

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	$1,660,608	$1,722,095	$2,074,115	$-61,487
2023	$1,520,132	$1,713,901	$2,235,130	$-193,769
2022	$1,357,614	$1,551,358	$2,308,484	$-193,744
2021	$1,475,098	$1,556,685	$2,345,187	$-81,587
2020	$1,771,433	$1,475,895	$2,455,076	$295,538
2019	$1,398,710	$1,407,638	$2,265,366	$-8,928
2018	$1,064,381	$1,310,056	$2,319,850	$-245,675

WARTBURG HOUSING DEVELOPMENT FUND CORPORATION