NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161340937) - 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

1988

Legal Domicile

Principal Officer

BONNIE DAVEY

Phone

3153843005

Tax Period

2025-01-01 to 2025-12-31

NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $188K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year.

Mission

THIS COMPANY HAS BEEN ORGANIZED EXCLUSIVELY, AS ITS SOLE PURPOSE, TO DEVELOP, ON A NOT-FOR-PROFIT BASIS, A 24-UNIT HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $187,524

Investment Income $84

Other Revenue $0

TOTAL REVENUE $187,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,576

Fundraising Expenses $0

Program Expenses $103,235

Other Expenses $125,704

TOTAL EXPENSES $186,280

Year-over-Year Comparison

	2025	2024	Change
Revenue	$187,608	$201,877	-0.1%
Expenses	$186,280	$190,069	0.0%
Net Income	$1,328	$11,808	-0.9%

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

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

$19,684

Total Directors

$55,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE DAVEY	PRESIDENT	35.00	Officer Director	$19,684	$0	$19,684
MARY JANE BYRNE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARY JANE CASSADA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY GREEN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JAY GREEN	ADMINISTRATOR	35.00	Director	$36,000	$0	$36,000

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	$187,608	$186,280	$417,384	$1,328
2024	No data	No data	No data	No data
2023	$215,841	$179,913	$445,225	$35,928
2022	$177,266	$189,733	$444,757	$-12,467
2021	$169,622	$186,043	$458,709	$-16,421
2020	$173,939	$177,261	$491,305	$-3,322
2019	$163,534	$176,158	$510,612	$-12,624
2018	$1,122,767	$1,142,195	$533,037	$-19,428

NORFOLK HOUSING DEVELOPMENT FUND COMPANY INC