WILL COUNTY HOUSING DEVELOPMENT CORPORATION NFP (EIN 204503754) - 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

MICHAEL SIMELTON

Phone

8157270611

Tax Period

2024-01-01 to 2024-12-31

WILL COUNTY HOUSING DEVELOPMENT CORPORATION NFP, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 70% operating margin.

Mission

DEVELOPMENT AND PROMOTION OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS

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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 $2,240,103

Investment Income $630,229

Other Revenue $0

TOTAL REVENUE $2,870,332

Expense Breakdown

Grants Paid $7,050

Salaries & Benefits $194,160

Fundraising Expenses $0

Program Expenses $633,937

Other Expenses $648,613

TOTAL EXPENSES $849,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,870,332	$1,159,800	+1.5%
Expenses	$849,823	$688,074	+0.2%
Net Income	$2,020,509	$471,726	+3.3%

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

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
DR GLENDA MCCULLUM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROGER POWELL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARLAND MAYS	TREASURER	1.00	Officer Director	$0	$0	$0
MARGE FRANCHINI	COMMISSIONER	1.00	Officer Director	$0	$0	$0
KATHY SPIELER	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL SCHULTZ	COMMISSIONER	1.00	Officer Director	$0	$0	$0
DR KAREN WARD	COMMISSIONER	1.00	Officer 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
2024	$2,870,332	$849,823	$18,750,360	$2,020,509
2023	$1,159,800	$688,074	$16,445,067	$471,726
2022	$683,910	$793,362	$7,371,343	$-109,452
2022	$7,913,917	$366,091	$16,090,496	$7,547,826
2021	$1,788,166	$677,968	$8,235,442	$1,110,198
2020	$1,172,307	$966,001	$8,964,119	$206,306
2019	$955,513	$709,612	$7,620,462	$245,901
2018	$322,078	$319,181	$7,289,957	$2,897

WILL COUNTY HOUSING DEVELOPMENT CORPORATION NFP