Portland Housing Development Corporation (EIN 222527595) - 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

1983

Legal Domicile

Principal Officer

Brian Frost

Phone

2077734753

Tax Period

2022-07-01 to 2023-06-30

Portland Housing Development Corporation, founded in 1983, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2022. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 85% operating margin.

Mission

CONSTRUCTION OF LOW INCOME HOUSING, RENT SUPPLEMANTS AND SUPPORT SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $432,603

Program Service Revenue $1,696,890

Investment Income $122,763

Other Revenue $5,150,533

TOTAL REVENUE $7,402,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,984

Fundraising Expenses $0

Program Expenses $1,103,868

Other Expenses $433,884

TOTAL EXPENSES $1,103,868

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,402,789	$5,230,784	+0.4%
Expenses	$1,103,868	$1,138,515	0.0%
Net Income	$6,298,921	$4,092,269	+0.5%

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

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

$246,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Sessions	President (THRU 12/22)	0.1	Officer	$0	$0	$128,018
Brian Frost	President	0.1	Officer	$0	$0	$118,733
Kristin Blum	DIRECTOR	0.1	Director	$0	$0	$0
Bob Dunfey	VICE CHAIR	0.1	Director	$0	$0	$0
Christian Milneal	Director	0.1	Director	$0	$0	$0
Monique Mutumwinka	CHAIR	0.1	Director	$0	$0	$0
Shirley Peterson	Director	0.1	Director	$0	$0	$0
Thomas Valleau	Director	0.1	Director	$0	$0	$0
Joan White	Director	0.1	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,402,789	$1,103,868	$19,803,061	$6,298,921
2022	$5,230,784	$1,138,515	$11,772,178	$4,092,269
2021	$2,757,076	$2,183,952	$5,328,711	$573,124
2020	$1,659,937	$473,705	$4,896,043	$1,186,232
2019	$752,523	$499,606	$3,720,777	$252,917

Portland Housing Development Corporation