K&L HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133957282) - 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

PAUL R FREITAG

Phone

2127216032

Tax Period

2023-01-01 to 2023-12-31

K&L HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDING HOUSING AND SERVICES TO LOW INCOME ELDERLY AND HANDICAPPED PERSONS.

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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 $1,030,100

Investment Income $135

Other Revenue $60

TOTAL REVENUE $1,030,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,087

Fundraising Expenses $0

Program Expenses $1,098,792

Other Expenses $795,195

TOTAL EXPENSES $1,203,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,030,295	$1,022,266	+0.0%
Expenses	$1,203,282	$1,141,098	+0.1%
Net Income	$-172,987	$-118,832	+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

$667,865

Total Directors

$493,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE HILGER	ASSISTANT SECRETARY	1.00	Officer Director	$0	$7,302	$199,961
HEDWIG O'HARA	DIRECTOR	1.00	Director	$0	$0	$0
LYNN WISHART	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL FREITAG	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$53,667	$293,303
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN DUFFELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES A GATEWOOD	DIRECTOR	1.00	Director	$0	$0	$0
ABBY JO SIGAL	DIRECTOR	1.00	Director	$0	$0	$0
TITO ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
DAN DROSINA	ASSISTANT VP	1.00	Officer	$0	$0	$0
JENNIFER BREINES	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
NANDA WIN	OUTGOING-TREASURER	1.00	Officer	$0	$48,477	$174,601

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	$1,030,295	$1,203,282	$3,493,925	$-172,987
2022	$1,022,266	$1,141,098	$3,580,864	$-118,832
2021	$946,486	$1,224,776	$3,695,642	$-278,290
2020	$866,081	$1,079,745	$3,810,192	$-213,664
2019	$775,365	$955,275	$3,964,015	$-179,910
2018	$777,925	$963,516	$4,100,210	$-185,591

K&L HOUSING DEVELOPMENT FUND COMPANY INC