FORTUNE HOUSING DEVELOPMENT FUND CORPORATION (EIN 134127747) - 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

2010

Legal Domicile

Principal Officer

STEVEN HICKMAN

Phone

2126917554

Tax Period

2023-01-01 to 2023-12-31

FORTUNE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $2K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING 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 $0

Investment Income $3

Other Revenue $-2,005

TOTAL REVENUE $-2,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,228

Other Expenses $2,228

TOTAL EXPENSES $2,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-2,002	$-132,171	-1.0%
Expenses	$2,228	$1,891	+0.2%
Net Income	$-4,230	$-134,062	-1.0%

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

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

$576,158

Total Directors

$576,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY P RAUCH	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
JOANNE PAGE	SECRETARY	1.00	Officer Director	$0	$34,541	$345,752
SHERRY GOLDSTEIN	TREASURER	1.00	Officer Director	$0	$19,840	$230,406

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	$-2,002	$2,228	$-772,575	$-4,230
2022	$-132,171	$1,891	$-770,573	$-134,062
2021	$-154,665	$1,718	$-638,402	$-156,383
2020	$-866,517	$2,295	$-483,737	$-868,812
2019	$-892,172	$7,063	$382,780	$-899,235
2018	$260,106	$250	$3,402,234	$259,856
2018	$-938,230	$250	$2,203,898	$-938,480

FORTUNE HOUSING DEVELOPMENT FUND CORPORATION