WHEATFIELD HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161594011) - 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

2000

Legal Domicile

Principal Officer

DEACON STEVE SCHUMER

Phone

7168471635

Tax Period

2024-01-01 to 2024-12-31

WHEATFIELD HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2000, is a small nonprofit that reported $320K in total revenue in fiscal year 2024. Expenses of $368K exceeded revenue, resulting in a 15% operating deficit.

Mission

LOW INCOME HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $307,284

Investment Income $9,166

Other Revenue $3,187

TOTAL REVENUE $319,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,999

Fundraising Expenses $0

Program Expenses $257,268

Other Expenses $259,878

TOTAL EXPENSES $367,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,637	$298,255	+0.1%
Expenses	$367,877	$370,080	0.0%
Net Income	$-48,240	$-71,825	-0.3%

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
DEACON STEVE SCHUMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
REV PETER KARALUS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MELISSA POTZLER	SECRETARY	0.50	Officer Director	$0	$0	$0
ALBERT GRESS	TREASURER	0.50	Officer Director	$0	$0	$0
MOST REV MICHAEL W FISHER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GOODS	DIRECTOR	0.50	Director	$0	$0	$0
SR MARY MCCARRICK OSF	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$319,637	$367,877	$2,545,067	$-48,240
2023	$298,255	$370,080	$2,623,318	$-71,825
2022	$288,641	$407,041	$2,699,771	$-118,400
2021	$291,386	$372,039	$2,784,694	$-80,653
2020	$278,320	$359,014	$2,852,979	$-80,694
2019	$285,542	$365,514	$2,934,720	$-79,972
2018	$278,699	$380,954	$3,019,402	$-102,255

WHEATFIELD HOUSING DEVELOPMENT FUND COMPANY INC