HOOSICK HOUSING DEVELOPMENT FUND CO INC (EIN 141694558) - 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

1987

Legal Domicile

Phone

5186867316

Tax Period

2023-01-01 to 2023-12-31

HOOSICK HOUSING DEVELOPMENT FUND CO INC, founded in 1987, is a small nonprofit that reported $269K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $260K left a modest 4% surplus.

Mission

TO PROVIDE LOW RENT HOUSING TO ELDERLY INDIVIDUALS WITH LOW INCOME.

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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 $169,344

Program Service Revenue $97,692

Investment Income $0

Other Revenue $2,166

TOTAL REVENUE $269,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,882

Fundraising Expenses $0

Program Expenses $259,687

Other Expenses $242,805

TOTAL EXPENSES $259,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,202	$246,767	+0.1%
Expenses	$259,687	$265,822	0.0%
Net Income	$9,515	$-19,055	-1.5%

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
WENDY LARSON	COMMISSIONER	1.00	Director	$0	$0	$0
KATHY BUGBEE	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JOYCE BREWER	Treasurer/Sec	1.00	Officer Director	$0	$0	$0
CHRISTINA KOVAGE	COMMISSIONER	1.00	Director	$0	$0	$0
Lauren MacPherson	CHAIRPERSON	0.00	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	No data	No data	No data	No data
2023	$269,202	$259,687	$315,721	$9,515
2022	$246,767	$265,822	$336,228	$-19,055
2021	$252,687	$256,738	$381,915	$-4,051
2020	$227,038	$240,745	$389,610	$-13,707
2019	$234,859	$242,125	$403,314	$-7,266
2018	$239,043	$238,884	$427,232	$159

HOOSICK HOUSING DEVELOPMENT FUND CO INC