SOUTHWOOD HOUSING DEVELOPMENT (EIN 202232456) - 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

2007

Legal Domicile

Principal Officer

KEVIN WILSON

Phone

2297322128

Tax Period

2023-01-01 to 2023-12-31

SOUTHWOOD HOUSING DEVELOPMENT, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $150K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW INCOME SENIOR CITIZENS.

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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 $22,986

Program Service Revenue $66,527

Investment Income $3

Other Revenue $0

TOTAL REVENUE $89,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,657

Other Expenses $149,646

TOTAL EXPENSES $149,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,516	$74,816	+0.2%
Expenses	$149,646	$126,360	+0.2%
Net Income	$-60,130	$-51,544	+0.2%

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

$124,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN M WILSON	PRESIDENT	1.00	Officer	$0	$0	$86,399
BRYSON LANGFORD	VICE CHAIRMAN	0.05	Officer Director	$0	$0	$0
RICHARD LEE	CHAIRMAN	0.05	Officer Director	$0	$0	$0
DOROTHY DOWNIE	DIRECTOR	0.05	Director	$0	$0	$0
EVA GILBERT	DIRECTOR	0.05	Director	$0	$0	$0
JANA JACKSON	SECRETARY/TREASURER	1.00	Officer	$0	$0	$37,733

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	No data	No data	No data	No data
2023	$89,516	$149,646	$562,304	$-60,130
2022	$74,816	$126,360	$618,811	$-51,544
2021	$73,201	$125,502	$667,159	$-52,301
2020	$76,812	$120,482	$719,348	$-43,670
2019	$76,388	$121,091	$764,014	$-44,703
2018	$110,666	$162,023	$808,402	$-51,357

SOUTHWOOD HOUSING DEVELOPMENT