FLEMISTER HOUSING DEVELOPMENT FUND

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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

1993

Legal Domicile

Principal Officer

THOMAS C ROSS

Phone

2128703195

Tax Period

2024-01-01 to 2024-12-31

FLEMISTER HOUSING DEVELOPMENT FUND, founded in 1993, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW INCOME HOUSING TO PERSONS WITH SPECIAL NEEDS WHO ARE HOMELESS AND INCOME IS BELOW THE POVERTY LINE.

Program Service Accomplishments

Program 1

Expenses: $1,715,317

TO PROVIDE LOW INCOME HOUSING TO THE POOR, UNDER PRIVILEGED AND INDIGENT.

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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 $1,472,915

Program Service Revenue $0

Investment Income $0

Other Revenue $488,684

TOTAL REVENUE $1,961,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $796,794

Fundraising Expenses $0

Program Expenses $1,715,317

Other Expenses $1,242,246

TOTAL EXPENSES $2,039,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,961,599	$1,690,765	+0.2%
Expenses	$2,039,040	$1,736,835	+0.2%
Net Income	$-77,441	$-46,070	+0.7%

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

$126,368

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV TIMOTHY MITCHELL	EXECUTIVE DIRECTOR	40.00	Key Emp	$71,368	$0	$71,368
ALLAN JOY RICHARDSON	RESIDENT MANAGER	40.00	Key Emp	$55,000	$0	$55,000
LOIS SILVESTRI	VICE PRESIDENT	1.00	Director	$0	$0	$0
JAMES STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
MORINE BOWEN-AVERY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LOFTON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS C ROSS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ARMANDO PANTOJA	TREASURER	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,961,599	$2,039,040	$6,225,976	$-77,441
2023	$1,690,765	$1,736,835	$5,386,833	$-46,070
2022	$1,725,902	$1,958,933	$5,416,313	$-233,031
2021	$1,728,950	$1,945,482	$5,536,994	$-216,532
2020	$1,352,796	$1,860,078	$5,820,969	$-507,282
2019	$1,538,660	$1,810,472	$5,986,257	$-271,812
2018	$1,517,532	$1,821,296	$5,579,001	$-303,764