DEWITTSBURGH HOUSING DEVELOPMENT FUND CORPORATION (EIN 160992023) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

DONALD KALEC JR

Phone

6077323853

Tax Period

2023-01-01 to 2023-12-31

DEWITTSBURGH HOUSING DEVELOPMENT FUND CORPORATION, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. Net assets of $8.8M represent 44 months of operating reserves.

Mission

TO AID IN THE DEVELOPMENT OF HERITAGE PARK APARTMENTS, A FEDERALLY SUBSIDIZED LOW-INCOME PROJECT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,630,096

Program Service Revenue $724,428

Investment Income $65,112

Other Revenue $0

TOTAL REVENUE $2,419,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,178

Fundraising Expenses $0

Program Expenses $2,531,859

Other Expenses $2,252,681

TOTAL EXPENSES $2,531,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,419,636	$2,315,490	+0.0%
Expenses	$2,531,859	$2,336,687	+0.1%
Net Income	$-112,223	$-21,197	+4.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
NAN MOSS	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD KALEC JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHIRLEY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES STYLES	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP CLUNE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JODIE BUZZETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
EDGAR OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
EARLENE ABRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER BUZZETTI	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN MCNAMARA	BOARD MEMBER	1.00	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
2023	$2,419,636	$2,531,859	$8,939,373	$-112,223
2022	$2,315,490	$2,336,687	$8,894,129	$-21,197
2021	$2,334,748	$2,093,816	$9,263,852	$240,932
2020	$2,266,950	$1,933,581	$8,905,877	$333,369
2019	$2,245,407	$1,879,821	$8,452,905	$365,586
2018	$2,255,842	$1,903,227	$7,910,465	$352,615

DEWITTSBURGH HOUSING DEVELOPMENT FUND CORPORATION