DENDURGENESIS II HOUSING DEVELOPMENT FUND CORPORATION (EIN 133771901) - 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

1994

Legal Domicile

Principal Officer

DONALD CLAYTON

Phone

2126654256

Tax Period

2024-01-01 to 2024-12-31

DENDURGENESIS II HOUSING DEVELOPMENT FUND CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $263K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $447K exceeded revenue, resulting in a 70% operating deficit.

Mission

THE ORGANIZATION OWNS AND OPERATES A LOW INCOME HOUSING MULTIFAMILY PROJECT FOR THE POOR.

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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 $217,226

Investment Income $1,261

Other Revenue $44,197

TOTAL REVENUE $262,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,632

Fundraising Expenses $0

Program Expenses $376,515

Other Expenses $405,261

TOTAL EXPENSES $446,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,684	$219,957	+0.2%
Expenses	$446,893	$408,807	+0.1%
Net Income	$-184,209	$-188,850	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

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
DONALD CLAYTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERNEST CLAYTON	TREASURER	1.00	Officer Director	$0	$0	$0
COJUAN CABASSA	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDI OWENS	BOARD MEMBER	1.00	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	$262,684	$446,893	$361,965	$-184,209
2023	$219,957	$408,807	$504,018	$-188,850
2022	$241,085	$384,625	$605,453	$-143,540
2021	$282,695	$370,784	$763,577	$-88,089
2020	$231,727	$401,391	$858,354	$-169,664
2019	$227,050	$332,112	$881,133	$-105,062
2018	$228,465	$343,126	$969,373	$-114,661

DENDURGENESIS II HOUSING DEVELOPMENT FUND CORPORATION