WESLEY RYDELL HOUSING CORPORATION (EIN 205289427) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

KAMILAH MCAFEE

Phone

7036423830

Tax Period

2023-01-01 to 2023-12-31

WESLEY RYDELL HOUSING CORPORATION, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2018. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE 98 UNITS OF AFFORDABLE HOUSING TO FAMILIES AND INDIVIDUALS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,775,814

Investment Income $7,649

Other Revenue $0

TOTAL REVENUE $1,783,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,308

Fundraising Expenses $0

Program Expenses $1,754,515

Other Expenses $1,644,577

TOTAL EXPENSES $1,860,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,783,463	$1,684,885	+0.1%
Expenses	$1,860,885	$1,808,309	+0.0%
Net Income	$-77,422	$-123,424	-0.4%

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

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

$292,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAMILAH MCAFEE	SECRETARY/BOARD MEMBER	0.20	Officer	$0	$24,303	$292,468
MR MICHAEL T CRANNA	PRESIDENT	0.20	Officer	$0	$0	$0
KIMBERLY ARMSTRONG	TREASURER	0.20	Officer	$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	No data	No data	No data	No data
2023	$1,783,463	$1,860,885	$11,603,285	$-77,422
2022	$1,684,885	$1,808,309	$11,864,711	$-123,424
2021	$1,676,229	$1,756,259	$12,134,719	$-80,030
2020	$1,637,487	$1,769,438	$12,365,433	$-131,951
2019	$2,066,513	$1,728,254	$12,635,878	$338,259
2018	$1,589,188	$1,754,242	$13,007,438	$-165,054

WESLEY RYDELL HOUSING CORPORATION