WESTFALL HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 160956059) - 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

1968

Legal Domicile

Principal Officer

TAMMY DUDLEY

Phone

5854672442

Tax Period

2024-03-01 to 2025-02-28

WESTFALL HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $259K in total revenue in fiscal year 2024. The organization ran a surplus of $252K, a strong 97% operating margin.

Mission

ASSIST IN THE DEVELOPMENT OF AFFORDABLE HOUSING FOR QUALIFIED 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 $0

Program Service Revenue $244,835

Investment Income $0

Other Revenue $14,379

TOTAL REVENUE $259,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,575

TOTAL EXPENSES $7,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,214	$252,359	+0.0%
Expenses	$7,575	$7,250	+0.0%
Net Income	$251,639	$245,109	+0.0%

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

$315,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS M D'AMATO ESQ	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD MUELLER	CHAIRMAN	0.00	Officer Director	$0	$0	$0
CAROL WHEELER	DIRECTOR	0.00	Director	$0	$0	$0
MARGARET BRINGEWATT	DIRECTOR	0.00	Director	$0	$0	$0
KELLY ROSS BROWN	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER FORDHAM	SECRETARY	0.00	Officer Director	$0	$0	$0
THEODORA FINN	DIRECTOR	0.00	Director	$0	$0	$0
DR CANDICE LUCAS	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL PLUTA	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT PROCIOUS	PRESIDENT	4.00	Officer	$0	$7,678	$211,871
TAMARA DUDLEY	TREASURER	4.00	Officer	$0	$820	$103,482

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	$259,214	$7,575	$6,823,032	$251,639
2024	$252,359	$7,250	$6,569,793	$245,109
2023	$232,595	$6,775	$6,325,409	$225,820
2022	$218,034	$6,350	$6,098,064	$211,684
2021	$209,769	$6,537	$5,886,180	$203,232

WESTFALL HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION