ST LUKE HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161175282) - 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

1982

Legal Domicile

Principal Officer

JUSTIN RUDGICK

Phone

3154241821

Tax Period

2023-10-01 to 2024-09-30

ST LUKE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 8% surplus.

Mission

LOW-INCOME HOUSING PROJECT

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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 $0

Program Service Revenue $1,080,620

Investment Income $5,121

Other Revenue $37,286

TOTAL REVENUE $1,123,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,291

Fundraising Expenses $0

Program Expenses $906,414

Other Expenses $808,721

TOTAL EXPENSES $1,035,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,123,027	$1,039,843	+0.1%
Expenses	$1,035,012	$1,054,466	0.0%
Net Income	$88,015	$-14,623	-7.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL F MELARA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JUSTIN RUDGICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE P LYSKAWA	TREASURER AND SECRETARY	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	$1,123,027	$1,035,012	$3,116,924	$88,015
2023	$1,039,843	$1,054,466	$3,161,293	$-14,623
2022	$1,014,862	$1,105,586	$3,324,741	$-90,724
2021	$1,002,997	$1,095,018	$3,449,958	$-92,021
2020	$981,645	$1,039,804	$3,644,886	$-58,159
2019	$965,208	$1,056,931	$3,802,140	$-91,723
2018	$954,359	$1,006,564	$3,982,869	$-52,205

ST LUKE HOUSING DEVELOPMENT FUND COMPANY INC