HOME FORWARD DEVELOPMENT ENTERPRISES CORPORATION (EIN 203448706) - 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

2005

Legal Domicile

Phone

5038028300

Tax Period

2023-01-01 to 2023-12-31

HOME FORWARD DEVELOPMENT ENTERPRISES CORPORATION, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.5M exceeded revenue, resulting in a 310% operating deficit.

Mission

Development redevelopment operations and maintenance of one or more housing projects as defined in ORS 456-065 in the State of Oregon.

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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 $959,959

Investment Income $148,083

Other Revenue $0

TOTAL REVENUE $1,108,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,053,085

Other Expenses $4,541,900

TOTAL EXPENSES $4,541,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,108,042	$992,058	+0.1%
Expenses	$4,541,900	$1,624,249	+1.8%
Net Income	$-3,433,858	$-632,191	+4.4%

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

N/A

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

$573,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Damien Hall	Chair-President	1.00	Officer Director	$0	$0	$0
Matthew Gebhardt	Vice President	1.00	Officer Director	$0	$0	$0
Ivory Matthews	Secretary	1.00	Officer	$0	$77,515	$331,738
Kandy Sage	Treasurer	1.00	Officer	$0	$53,456	$241,602

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	$1,108,042	$4,541,900	$42,380,898	$-3,433,858
2022	$992,058	$1,624,249	$45,829,742	$-632,191
2021	$1,005,830	$579,364	$46,061,933	$426,466
2020	$1,034,283	$1,620,976	$44,913,969	$-586,693

HOME FORWARD DEVELOPMENT ENTERPRISES CORPORATION