1490 ESTATES HOUSING DEVELOPMENT FUND CO (EIN 161498651) - 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

1996

Legal Domicile

Principal Officer

HERBERT L BELLAMY JR

Phone

7168816654

Tax Period

2023-01-01 to 2023-12-31

1490 ESTATES HOUSING DEVELOPMENT FUND CO, founded in 1996, is a small nonprofit that reported $932K in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 40% operating margin.

Mission

PROVIDE HOUSING FOR LOW INCOME ELDERLY 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 (2023)

Revenue Breakdown

Contributions & Grants $7,925

Program Service Revenue $566,266

Investment Income $355,066

Other Revenue $2,565

TOTAL REVENUE $931,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,964

Fundraising Expenses $0

Program Expenses $517,531

Other Expenses $460,576

TOTAL EXPENSES $563,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,822	$405,830	+1.3%
Expenses	$563,540	$739,463	-0.2%
Net Income	$368,282	$-333,633	-2.1%

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
HERBERT L BELLAMY JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DELPHINE STALEY	TREASURER	1.00	Officer Director	$0	$0	$0
GREGORY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HILL JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
CHANTELLE N BELLAMY	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MINNIE CLEMONS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WATTS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FREEMAN	DIRECTOR	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	$931,822	$563,540	No data	$368,282
2022	$405,830	$739,463	$1,388,346	$-333,633
2021	$388,914	$594,567	$1,659,830	$-205,653
2020	$388,054	$538,422	$1,833,707	$-150,368
2019	$386,256	$532,215	$1,961,063	$-145,959
2018	$384,071	$512,283	$2,106,933	$-128,212

1490 ESTATES HOUSING DEVELOPMENT FUND CO