WS HOUSING DEVELOPMENT FUND CO INC (EIN 161560159) - 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

1998

Legal Domicile

Principal Officer

MICHAEL RIEGEL

Phone

7168847791

Tax Period

2023-10-01 to 2024-09-30

WS HOUSING DEVELOPMENT FUND CO INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $372K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HOUSING FOR ELDERLY PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS.

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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 $366,560

Investment Income $11

Other Revenue $5,395

TOTAL REVENUE $371,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,426

Fundraising Expenses $0

Program Expenses $382,597

Other Expenses $316,469

TOTAL EXPENSES $406,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,966	$307,067	+0.2%
Expenses	$406,895	$418,524	0.0%
Net Income	$-34,929	$-111,457	-0.7%

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

$376,638

Total Directors

$221,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RIEGEL	BOARD MEMBER/PRESIDENT & TREASURER	0.50	Officer Director	$0	$25,080	$221,101
HELEN RONAN	BOARD MEMBER/SECRETARY	0.50	Officer Director	$0	$0	$0
AARON HEJMOWSKI	CFO	0.50	Officer	$0	$7,470	$155,537

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	$371,966	$406,895	$2,371,325	$-34,929
2023	$307,067	$418,524	$2,451,685	$-111,457
2022	$302,418	$428,357	$2,547,867	$-125,939
2021	$307,088	$407,317	$2,649,670	$-100,229
2020	$298,435	$416,038	$2,772,824	$-117,603
2019	$297,085	$429,523	$2,858,829	$-132,438
2018	$295,360	$382,503	$2,989,645	$-87,143

WS HOUSING DEVELOPMENT FUND CO INC