WARREN-HAMILTON HOUSING DEVELOPMENT FUND CO (DBA INDIAN LAKE APTS) (EIN 141690355) - 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

1991

Legal Domicile

Phone

5852920480

Tax Period

2024-01-01 to 2024-12-31

WARREN-HAMILTON HOUSING DEVELOPMENT FUND CO (DBA INDIAN LAKE APTS), founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2024. Expenses of $151K left a modest 14% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW-INCOME RESIDENTS.

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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 $104,330

Program Service Revenue $57,875

Investment Income $11,128

Other Revenue $2,038

TOTAL REVENUE $175,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,500

Fundraising Expenses $0

Program Expenses $147,316

Other Expenses $120,116

TOTAL EXPENSES $150,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,371	$182,954	0.0%
Expenses	$150,616	$136,646	+0.1%
Net Income	$24,755	$46,308	-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

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
BILL DURDEL SR	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDY SCHMITT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN GLASOW	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES WOOD	TREASURER	1.00	Officer 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	$175,371	$150,616	$593,109	$24,755
2023	$182,954	$136,646	$576,530	$46,308
2022	$168,480	$132,065	$539,313	$36,415
2021	$167,380	$119,801	$510,481	$47,579

WARREN-HAMILTON HOUSING DEVELOPMENT FUND CO (DBA INDIAN LAKE APTS)