HUDSON LUTHERAN HOUSING CORPORATION (EIN 222358412) - 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

1981

Legal Domicile

Principal Officer

TREVOR CORSO

Phone

2017924475

Tax Period

2019-01-01 to 2019-12-31

HUDSON LUTHERAN HOUSING CORPORATION, founded in 1981, is a small nonprofit that reported $195K in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $32.4M exceeded revenue, resulting in a 16489% operating deficit.

Mission

OWNERSHIP & OPERATION OF A SECTION 202 HUD FINANCED MULTIFAMILY PROJECT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $161,379

Other Revenue $34,104

TOTAL REVENUE $195,483

Expense Breakdown

Grants Paid $32,138,771

Salaries & Benefits $254,938

Fundraising Expenses $0

Program Expenses $32,138,771

Other Expenses $34,157

TOTAL EXPENSES $32,427,866

Year-over-Year Comparison

	2019	2018	Change
Revenue	$195,483	$33,992,200	-1.0%
Expenses	$32,427,866	$2,016,818	+15.1%
Net Income	$-32,232,383	$31,975,382	-2.0%

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

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

$110,501

Total Directors

$296,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TREVOR CORSO	PRESIDENT	1.00	Officer Director	$46,500	$0	$52,500
KARYN LUSSKIN	SECRETARY	1.00	Officer Director	$37,438	$0	$44,501
JANET KIRK	VICE-PRESIDENT	1.00	Officer Director	$7,500	$0	$13,500
CARMITA CORTES	BOARD MEMBER	1.00	Director	$39,000	$0	$45,000
DR WILLIAM SMITH	BOARD MEMBER	1.00	Director	$46,500	$0	$52,500
KENNETH WESSLER	BOARD MEMBER	1.00	Director	$29,000	$0	$33,500
MARCO DELUCIA	BOARD MEMBER	1.00	Director	$49,000	$0	$55,000

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
2019	$195,483	$32,427,866	No data	$-32,232,383
2018	$33,992,200	$2,016,818	$37,567,473	$31,975,382

HUDSON LUTHERAN HOUSING CORPORATION