HELP DEVELOPMENT CORP (EIN 133892553) - 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

1996

Legal Domicile

Principal Officer

DAVID CLEGHORN

Phone

2124008228

Tax Period

2022-07-01 to 2023-06-30

HELP DEVELOPMENT CORP, founded in 1996, is a community nonprofit in the Human Services sector that reported $7.7M in total revenue in fiscal year 2022. Revenue surged 164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 80% operating margin.

Mission

DEVELOPS LOW INCOME HOUSING FOR LOW INCOME AND FORMERLY HOMELESS FAMILIES AND 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 (2022)

Revenue Breakdown

Contributions & Grants $634,720

Program Service Revenue $7,247,974

Investment Income $256,886

Other Revenue $-452,747

TOTAL REVENUE $7,686,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,096,795

Fundraising Expenses $0

Program Expenses $1,333,101

Other Expenses $474,344

TOTAL EXPENSES $1,571,139

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,686,833	$2,914,915	+1.6%
Expenses	$1,571,139	$1,733,781	-0.1%
Net Income	$6,115,694	$1,181,134	+4.2%

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

$424,329

Total Directors

Key Employees

$194,168

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SIROTA	BOARD CHAIR	1.00	Director	$0	$0	$0
ANTHONY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY SACHS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CLEGHORN	PRESIDENT	5.00	Officer	$18,933	$70,244	$424,329
LOUIS HUNTER	VICE PRESIDENT, PERMANENT HOUSING FACILITIES & CON	1.00	Key Emp	$0	$40,553	$194,168
CHRISTOPHER MOSCICKI	ASSOCIATE VICE PRESIDENT OF LEASING AND COMPLIANCE	1.00	Highest	$0	$27,276	$141,373
AVA WU	FINANCE DIRECTOR	5.00	Highest	$0	$17,309	$125,766

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	No data	No data	No data	No data
2023	$7,686,833	$1,571,139	$47,965,719	$6,115,694
2022	$2,914,915	$1,733,781	$73,330,551	$1,181,134
2021	$4,977,453	$1,433,219	$31,642,218	$3,544,234
2020	$4,080,836	$1,456,822	$30,868,507	$2,624,014
2019	$3,255,901	$1,400,579	$22,645,051	$1,855,322
2018	$4,821,659	$1,322,713	$19,620,270	$3,498,946

HELP DEVELOPMENT CORP