CARMEL HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133069966) - 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

1980

Legal Domicile

Principal Officer

BEATRIZ DIAZ TAVERAS

Phone

2123711000

Tax Period

2023-10-01 to 2024-09-30

CARMEL HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 98% operating margin.

Mission

THE ORGANIZATION SUPPORTS LOW INCOME HOUSING AND RELATED ACCESSORY FACILITIES TO LOW AND MODERATE INCOME PERSONS, ELDERLY PERSONS AND HANDICAPPED PERSONS IN NEED THROUGH PROGRAM RELATED INVESTMENTS.

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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 $1,125,707

Investment Income $87,740

Other Revenue $0

TOTAL REVENUE $1,213,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $28,960

TOTAL EXPENSES $28,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,213,447	$1,147,778	+0.1%
Expenses	$28,960	$19,545	+0.5%
Net Income	$1,184,487	$1,128,233	+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
BEATRIZ DIAZ TAVERAS	PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM WHISTON	TREASURER	5.00	Officer Director	$0	$0	$0
ERIKA BRANDT	ASSISTANT SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID BROWN	DIRECTOR	5.00	Director	$0	$0	$0
MONSIGNOR KEVIN SULLIVAN	DIRECTOR	5.00	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	$1,213,447	$28,960	$16,866,190	$1,184,487
2023	$1,147,778	$19,545	$15,671,328	$1,128,233
2022	$1,080,482	$18,250	$14,548,901	$1,062,232
2021	$930,314	$18,250	$13,485,168	$912,064
2020	$892,084	$17,300	$12,564,854	$874,784
2019	$841,936	$18,000	$11,696,070	$823,936
2018	$783,315	$15,500	$10,860,134	$767,815

CARMEL HOUSING DEVELOPMENT FUND COMPANY INC