WESTBOURNE HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133394231) - 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

1987

Legal Domicile

Principal Officer

DEEPAK BUTANI

Phone

2127216032

Tax Period

2024-07-01 to 2025-06-30

WESTBOURNE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

A NOT-FOR-PROFIT HOUSING DEVELOPMENT CORPORATION COMMITTED TO DEVELOPING, OPERATING AND MANAGING HOUSINGFOR PERSONS OF LOW INCOME.

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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 $1,387,239

Investment Income $34,656

Other Revenue $48,242

TOTAL REVENUE $1,470,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $650,745

Fundraising Expenses $0

Program Expenses $1,653,401

Other Expenses $1,137,521

TOTAL EXPENSES $1,788,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,470,137	$1,327,815	+0.1%
Expenses	$1,788,266	$1,944,529	-0.1%
Net Income	$-318,129	$-616,714	-0.5%

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

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

$808,737

Total Directors

$517,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE HILGER	COO/ASSIST SECRETARY	1.00	Officer Director	$0	$7,709	$217,076
PAUL R FREITAG	VICE PRESIDENT	1.00	Officer Director	$0	$51,320	$300,806
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL J DROSIN	ASST. VP/FACILITIES MANGR (OUTGOING)	1.00	Officer	$0	$37,139	$177,696
DEEPAK BUTANI	CFO/TREASURER	1.00	Officer	$0	$17,868	$113,159

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	$1,470,137	$1,788,266	$8,294,175	$-318,129
2024	No data	No data	No data	No data
2023	$1,440,065	$1,733,176	$8,181,292	$-293,111
2022	$1,409,398	$1,413,912	$7,744,773	$-4,514
2021	$1,407,985	$1,497,132	$7,642,119	$-89,147
2020	$1,322,921	$1,219,670	$7,616,159	$103,251
2019	$1,265,449	$1,262,599	$7,700,371	$2,850
2018	$1,424,061	$1,330,579	$7,827,743	$93,482

WESTBOURNE HOUSING DEVELOPMENT FUND COMPANY INC