LUDDEN HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161401398) - 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

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-04-01 to 2024-03-31

LUDDEN HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $541K in total revenue in fiscal year 2023. Expenses of $484K left a modest 10% 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 $535,820

Investment Income $1,844

Other Revenue $3,259

TOTAL REVENUE $540,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,940

Fundraising Expenses $0

Program Expenses $412,291

Other Expenses $340,375

TOTAL EXPENSES $484,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,923	$514,336	+0.1%
Expenses	$484,315	$492,153	0.0%
Net Income	$56,608	$22,183	+1.6%

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
ELIZABETH MATHERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY CENTORE	MEMBER	1.00	Director	$0	$0	$0
ROBERT HAWLEY	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA DELANLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RUTH PIERCE	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
2024	$540,923	$484,315	$2,150,853	$56,608
2023	$514,336	$492,153	$2,150,187	$22,183
2022	$510,764	$471,939	$2,163,807	$38,825
2021	$489,623	$460,600	$2,158,325	$29,023
2020	$473,288	$459,793	$2,167,022	$13,495
2019	$461,458	$412,284	$3,311,805	$49,174

LUDDEN HOUSING DEVELOPMENT FUND COMPANY INC