OH 123RD STREET HOUSING DEVELOPMENT CORPORATION (EIN 208873951) - 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

DURGA VALLABHANENI

Phone

2123611625

Tax Period

2024-07-01 to 2025-06-30

OH 123RD STREET HOUSING DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Mental Health sector that reported $895K in total revenue in fiscal year 2024. The organization ran a surplus of $697K, a strong 78% operating margin.

Mission

ASSIST IN DEVELOPMENT AND CONSTRUCTION OF LOW INCOME HOUSING.

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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 $566,214

Program Service Revenue $0

Investment Income $328,375

Other Revenue $0

TOTAL REVENUE $894,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,479

Other Expenses $197,479

TOTAL EXPENSES $197,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,589	$895,577	0.0%
Expenses	$197,479	$216,368	-0.1%
Net Income	$697,110	$679,209	+0.0%

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

$1,652,625

Total Directors

$1,652,625

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PETER PROVET	PRESIDENT	Officer Director	$0	$102,127	$632,250
DURGA VALLABHANENI	TREASURER	Officer Director	$0	$95,204	$477,043
JOHN TAVOLACCI	SECRETARY	Officer Director	$0	$102,107	$543,332

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	$894,589	$197,479	$13,251,990	$697,110
2024	$895,577	$216,368	$12,925,244	$679,209
2023	$895,203	$234,293	$12,597,511	$660,910
2022	$895,278	$251,304	$12,270,153	$643,974
2021	$894,895	$267,447	$11,942,719	$627,448
2020	$895,870	$282,767	$11,615,668	$613,103
2019	$895,480	$297,306	$11,287,642	$598,174
2018	$895,541	$311,103	$10,960,005	$584,438

OH 123RD STREET HOUSING DEVELOPMENT CORPORATION