LORD HOWE ESTATES HOUSING DEVELOPMENT FUND CORPORATION (EIN 222434840) - 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

1980

Legal Domicile

Principal Officer

ROLAND ALLEN

Phone

5185853864

Tax Period

2024-04-01 to 2025-03-31

LORD HOWE ESTATES HOUSING DEVELOPMENT FUND CORPORATION, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $422K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $86K, a strong 20% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND FOR DISABLED TENANTS.

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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 $419,999

Investment Income $1,943

Other Revenue $0

TOTAL REVENUE $421,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,830

Fundraising Expenses $0

Program Expenses $336,367

Other Expenses $281,537

TOTAL EXPENSES $336,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,942	$376,139	+0.1%
Expenses	$336,367	$327,708	+0.0%
Net Income	$85,575	$48,431	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID CARELLO	PRESIDENT	Officer Director	$0	$0	$0
DONALD DAVIDSON	VICE PRESIDENT	Officer Director	$0	$0	$0
JOHN BUFFA	TREASURER	Officer Director	$0	$0	$0
DAVID COLLIS	SECRETARY	Officer Director	$0	$0	$0
WALTER MADEJ	CHAPLAIN	Director	$0	$0	$0
PATRICIA CAPRIO	VICE PRESIDENT	Officer Director	$0	$0	$0
TIMOTHY BIRNIE	DIRECTOR	Director	$0	$0	$0
FREDERICK T GRIFFIN	DIRECTOR	Director	$0	$0	$0
JOHN N VAGIANELIS ESQ	COUNSEL	Director	$0	$0	$0
MATTHEW NIMEY	DIRECTOR	Director	$0	$0	$0
JOHN B LIGAS	DIRECTOR EMERITUS	Director	$0	$0	$0
CHRISTINA SANFILIPPO	DIRECTOR	Director	$0	$0	$0
CHARMAINE ROSADO	DIRECTOR	Director	$0	$0	$0
ROBERT RYAN	DIRECTOR	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
2025	$421,942	$336,367	$1,191,596	$85,575
2022	$373,457	$330,055	$1,157,443	$43,402
2021	$381,224	$345,933	$1,164,433	$35,291
2020	$336,205	$357,632	$1,151,555	$-21,427
2019	$365,528	$314,317	$1,198,765	$51,211

LORD HOWE ESTATES HOUSING DEVELOPMENT FUND CORPORATION