DELATOUR HOUSING DEVELOPMENT FUND COMPANY INC (EIN 141724815) - 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

1989

Legal Domicile

Principal Officer

RICHARD PROVOST

Phone

5184590183

Tax Period

2024-07-01 to 2025-06-30

DELATOUR HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $375K in total revenue in fiscal year 2024. Expenses of $468K exceeded revenue, resulting in a 25% operating deficit.

Mission

LOW-INCOME HOUSING FOR THE ELDERLY

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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 $353,753

Investment Income $16,765

Other Revenue $4,322

TOTAL REVENUE $374,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,534

Fundraising Expenses $0

Program Expenses $318,252

Other Expenses $321,533

TOTAL EXPENSES $468,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,840	$367,063	+0.0%
Expenses	$468,067	$430,162	+0.1%
Net Income	$-93,227	$-63,099	+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
NOEL OLSEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY OLSEN	MEMBER	1.00	Director	$0	$0	$0
RICHARD PROVOST	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAETITIA RHATIGAN	SECRETARY/MEMBER	1.00	Officer Director	$0	$0	$0
JAMES EARLY	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL LEO	MEMBER	1.00	Director	$0	$0	$0
EDWARD KNAPP	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
2025	$374,840	$468,067	$1,608,131	$-93,227
2024	$367,063	$430,162	$1,657,721	$-63,099
2023	$336,386	$427,124	$1,724,201	$-90,738
2022	$273,903	$377,457	$1,864,334	$-103,554
2021	$331,242	$387,285	$1,934,804	$-56,043
2020	$374,946	$322,128	$1,991,739	$52,818
2019	$315,190	$348,269	$1,936,910	$-33,079
2018	$235,459	$322,807	$1,956,317	$-87,348

DELATOUR HOUSING DEVELOPMENT FUND COMPANY INC