ITALIAN-AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC (EIN 222471909) - 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

1991

Legal Domicile

Principal Officer

RICHARD PROVOST

Phone

5184590183

Tax Period

2024-07-01 to 2025-06-30

ITALIAN-AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $574K in total revenue in fiscal year 2024. Expenses of $524K left a modest 9% surplus.

Mission

LOW-INCOME HOUSING FOR THE ELDERLY

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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 $340,808

Program Service Revenue $225,410

Investment Income $3,931

Other Revenue $4,201

TOTAL REVENUE $574,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,710

Fundraising Expenses $0

Program Expenses $398,831

Other Expenses $425,605

TOTAL EXPENSES $524,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,350	$544,113	+0.1%
Expenses	$524,315	$494,741	+0.1%
Net Income	$50,035	$49,372	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY OLSEN	MEMBER	1.00	Director	$0	$0	$0
PAUL LEO	MEMBER	1.00	Director	$0	$0	$0
JAMES EARLY	MEMBER	1.00	Director	$0	$0	$0
NOEL OLSEN	VICE CHAIR	1.00	Officer	$0	$0	$0
RICHARD PROVOST	PRESIDENT	1.00	Officer	$0	$0	$0
LAETITIA RHATIGAN	SECRETARY	1.00	Officer	$0	$0	$0
EDWARD KNAPP	TREASURER	1.00	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
2025	$574,350	$524,315	$1,439,657	$50,035
2024	$544,113	$494,741	$1,450,290	$49,372
2023	$516,944	$505,548	$1,455,822	$11,396
2022	$497,370	$487,232	$1,484,752	$10,138
2021	$492,190	$499,399	$1,524,169	$-7,209
2020	$507,133	$505,684	$1,565,393	$1,449
2019	$491,730	$504,437	$1,605,894	$-12,707
2018	$482,770	$487,613	$1,662,207	$-4,843

ITALIAN-AMERICAN HOUSING DEVELOPMENT FUND COMPANY INC