GOODHEART HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133171445) - 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

1983

Legal Domicile

Principal Officer

JOEL FRIEDMAN

Phone

7189634225

Tax Period

2024-06-01 to 2025-05-31

GOODHEART HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 45% operating margin.

Mission

TO PROVIDE HOUSING TO LOW INCOME AND DISABLED INDIVIDUALS

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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 $2,298,112

Investment Income $481

Other Revenue $0

TOTAL REVENUE $2,298,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,168

Fundraising Expenses $0

Program Expenses $1,271,439

Other Expenses $1,091,271

TOTAL EXPENSES $1,271,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,298,593	$1,750,603	+0.3%
Expenses	$1,271,439	$1,034,018	+0.2%
Net Income	$1,027,154	$716,585	+0.4%

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

N/A

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
SARAH ZELCER	PRESIDENT	2.00	Officer	$0	$0	$0
JOEL FRIEDMAN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MOSHE SINGER	SECRETARY	2.00	Officer	$0	$0	$0
MICHAEL FRIEDMAN	TREASURER	2.00	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	$2,298,593	$1,271,439	$3,431,954	$1,027,154
2024	$1,750,603	$1,034,018	$2,700,420	$716,585
2023	$1,660,299	$986,571	$2,250,703	$673,728
2022	$1,627,747	$1,038,344	$1,849,644	$589,403
2021	$1,591,281	$1,049,690	$1,444,881	$541,591
2020	$1,578,364	$1,130,513	$1,111,020	$447,851
2019	$1,396,417	$941,120	$866,844	$455,297

GOODHEART HOUSING DEVELOPMENT FUND COMPANY INC