SEMIPERM HOUSING DEVELOPMENT FUND CORPORATION (EIN 134333566) - 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

2006

Legal Domicile

Principal Officer

JUDY HERBSTMAN

Phone

2122656530

Tax Period

2024-01-01 to 2024-12-31

SEMIPERM HOUSING DEVELOPMENT FUND CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $440K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $669K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE LOW-INCOME AFFORDABLE HOUSING TO FORMERLY HOMELESS SINGLE PARENT FAMILIES WITH SUPPORTIVE SERVICES THAT PREPARE THEM FOR INDEPENDENT LIVING. THE ORGANIZATION RECEIVES LABOR SERVICES FROM SETTLEMENT HOUSING FUND, INC.,(SHF) ITS AFFILIATED PARENT ORGANIZATION. THE ORGANIZATION REIMBURSES SHF FOR THE WAGE COSTS PAID BY SHF INC. FOR THESE SERVICES.

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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 $431,684

Investment Income $2,402

Other Revenue $5,729

TOTAL REVENUE $439,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $634,956

Other Expenses $668,804

TOTAL EXPENSES $668,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,815	$399,161	+0.1%
Expenses	$668,804	$673,234	0.0%
Net Income	$-228,989	$-274,073	-0.2%

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

N/A

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

$914,790

Total Directors

$914,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA SEWELL	PRESIDENT (THROUGH 2/23/24)	0.25	Officer Director	$0	$16,551	$83,776
JACQUELINE TOM	TREASURER	0.25	Officer Director	$0	$16,524	$218,733
JOANNA KAMHI	SECRETARY	0.25	Officer Director	$0	$16,524	$154,891
MICHAEL GABOURY	VICE PRESIDENT	0.25	Officer Director	$0	$16,524	$217,328
RICHARD JOHNS	PRESIDENT	0.25	Officer Director	$0	$6,216	$240,062

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	$439,815	$668,804	$5,384,266	$-228,989
2023	$399,161	$673,234	$5,604,571	$-274,073
2022	$406,928	$603,666	$5,864,796	$-196,738
2021	$429,721	$628,037	$6,081,960	$-198,316
2020	$395,930	$614,856	$6,299,509	$-218,926
2019	$425,621	$644,038	$6,585,112	$-218,417
2018	$413,092	$619,677	$6,840,598	$-206,585

SEMIPERM HOUSING DEVELOPMENT FUND CORPORATION