CREASE-DYRE HOUSING DEVELOPMENT CORPORATION (EIN 200870475) - 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

2004

Legal Domicile

Principal Officer

THOMAS AK QUEENAN

Phone

2155578484

Tax Period

2024-07-01 to 2025-06-30

CREASE-DYRE HOUSING DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $133K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $180K exceeded revenue, resulting in a 35% operating deficit.

Mission

ORGANIZED TO ACQUIRE, REHABILITATE, CONSTRUCT, OWN, AND OPERATE AFFORDABLE HOUSING PROJECT IN PHILADELPHIA FOR THE PURPOSES OF PROVIDING LOW INCOME, SAFE, AFFORDABLE, AND PERMANENT HOUSING FOR THE DISABLED AS MAY BE IDENTIFIED BY FEDERAL, STATE, OR COUNTY OFFICIALS.

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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 $132,251

Investment Income $84

Other Revenue $300

TOTAL REVENUE $132,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,297

Fundraising Expenses $0

Program Expenses $166,000

Other Expenses $137,267

TOTAL EXPENSES $179,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,635	$82,373	+0.6%
Expenses	$179,564	$172,543	+0.0%
Net Income	$-46,929	$-90,170	-0.5%

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

$1,068,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN UNGER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TED WEERTS	VICE CHAIRPERSON	0.30	Officer Director	$0	$0	$0
JAMES KILCOYNE	BOARD MEMBER	0.30	Officer Director	$0	$0	$0
THOMAS QUEENAN	PRESIDENT & CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$9,743	$328,568
CHIP DARLING	VICE PRESIDENT & COO	1.00	Officer	$0	$31,255	$234,458
MARK DEITCHER	VICE PRESIDENT & CFO	1.00	Officer	$0	$33,814	$253,348
ROBERT KWAIT	ASSISTANT SECRETARY, VP	1.00	Officer	$0	$31,710	$251,798

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	$132,635	$179,564	$869,612	$-46,929
2024	No data	No data	No data	No data
2023	$79,743	$139,834	$969,892	$-60,091
2022	$91,569	$157,512	$1,002,575	$-65,943
2021	$84,390	$124,640	$1,060,223	$-40,250
2020	$131,230	$164,899	$1,077,142	$-33,669
2019	$201,571	$121,758	$1,050,742	$79,813
2018	$89,440	$113,190	$963,897	$-23,750

CREASE-DYRE HOUSING DEVELOPMENT CORPORATION