THORPE HOUSING DEVELOPMENT FUND COMPANY INC (EIN 132986206) - 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

1978

Legal Domicile

Principal Officer

MATTHEW JANECZKO

Phone

8453590454

Tax Period

2025-01-01 to 2025-12-31

THORPE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2025. Revenue surged 330% from the prior year, signaling strong growth momentum. Expenses of $10.6M exceeded revenue, resulting in a 128% operating deficit.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING TO LOW-INCOME SENIOR CITIZENS AND HANDICAPPED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,572,455

Investment Income $22,128

Other Revenue $44,025

TOTAL REVENUE $4,638,608

Expense Breakdown

Grants Paid $6,018,230

Salaries & Benefits $641,209

Fundraising Expenses $0

Program Expenses $9,748,453

Other Expenses $3,910,647

TOTAL EXPENSES $10,570,086

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,638,608	$1,079,970	+3.3%
Expenses	$10,570,086	$1,644,365	+5.4%
Net Income	$-5,931,478	$-564,395	+9.5%

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

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
SR EILEEN GANNON	CHAIR	1.00	Officer Director	$0	$0	$0
SR MARY DUNNING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SR MARYANN SUMMA	TREASURER	9.00	Officer Director	$0	$0	$0
SR AILEEN DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SPILLANE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY QUINN	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOFTUS	DIRECTOR	1.00	Director	$0	$0	$0
SR REGINA BECHTLE	DIRECTOR	1.00	Director	$0	$0	$0
GERARD COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
SR DONNA DODGE	DIRECTOR	1.00	Director	$0	$0	$0
PETER T NOONAN	SEC/TREAS	1.00	Officer Director	$0	$0	$0
MAUREEN REISER	CHAIR	1.00	Director	$0	$0	$0
SR MARGARET SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW JANECZKO	EXECUTIVE DIRECTOR	1.00	Officer	$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	$4,638,608	$10,570,086	$14,815,503	$-5,931,478
2024	$1,079,970	$1,644,365	$14,295,714	$-564,395
2024	$4,032,178	$18,517,945	$14,774,881	$-14,485,767
2023	$3,957,841	$5,495,973	$19,901,754	$-1,538,132
2022	$4,771,826	$3,297,455	$22,131,702	$1,474,371
2021	$2,773,696	$3,299,365	$20,747,305	$-525,669
2020	$2,782,772	$3,170,739	$21,561,109	$-387,967
2019	$2,729,045	$3,281,181	$22,072,904	$-552,136
2018	$2,725,218	$3,217,095	$22,858,150	$-491,877

THORPE HOUSING DEVELOPMENT FUND COMPANY INC