HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133595749) - 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

1990

Legal Domicile

Principal Officer

DERRICK LOVETT

Phone

7188420256

Tax Period

2023-01-01 to 2023-12-31

HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $464K, a strong 24% operating margin.

Mission

PROVIDING LOW INCOME HOUSING

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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 $1,884,401

Investment Income $19,270

Other Revenue $49,565

TOTAL REVENUE $1,953,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,944

Fundraising Expenses $0

Program Expenses $1,397,883

Other Expenses $1,385,985

TOTAL EXPENSES $1,488,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,953,236	$1,875,001	+0.0%
Expenses	$1,488,929	$1,341,630	+0.1%
Net Income	$464,307	$533,371	-0.1%

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

$462,208

Total Directors

$291,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL HORTON	TREASURER	0.10	Officer Director	$0	$0	$0
CARMEN SILVA	DIRECTOR	0.10	Director	$0	$0	$0
DERRICK LOVETT	PRESIDENT/CEO	0.10	Officer Director	$0	$19,800	$291,120
FLORENCE BLANCHARD	DIRECTOR	0.10	Director	$0	$0	$0
PHYLLIS WILLIAMS	SECRETARY	0.10	Officer Director	$0	$0	$0
WALLACE MOBLEY	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
LANDON DAIS	DIRECTOR	0.10	Director	$0	$0	$0
KENNETHE MORRISON	DIRECTOR	0.10	Director	$0	$0	$0
LINDA SARGEANT	DIRECTOR	0.10	Director	$0	$0	$0
RUBRIA M RODRIGUEZ	FISCAL ADMINISTRATOR	0.10	Officer	$0	$4,213	$171,088

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	No data	No data	No data	No data
2023	$1,953,236	$1,488,929	$4,664,989	$464,307
2022	$1,875,001	$1,341,630	$4,309,168	$533,371
2021	$1,056,994	$1,045,827	$3,980,456	$11,167
2020	$513,142	$1,126,710	$3,759,802	$-613,568
2019	$610,747	$775,086	$4,373,257	$-164,339
2018	$547,872	$765,797	$4,580,224	$-217,925

HERBERT L BROOKS HOUSING DEVELOPMENT FUND COMPANY INC