ISLANDVIEW HOUSING DEVELOPMENT FUND COMPANY INC (EIN 222642884) - 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

1985

Legal Domicile

Principal Officer

MICHAEL RIEGEL

Phone

7168847791

Tax Period

2022-07-01 to 2023-06-30

ISLANDVIEW HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $388K in total revenue in fiscal year 2022. Expenses of $354K left a modest 9% surplus.

Mission

TO PROVIDE HOUSING FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS.

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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 $0

Program Service Revenue $368,869

Investment Income $2,051

Other Revenue $17,337

TOTAL REVENUE $388,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,326

Fundraising Expenses $0

Program Expenses $333,882

Other Expenses $285,598

TOTAL EXPENSES $353,924

Year-over-Year Comparison

	2022	2021	Change
Revenue	$388,257	$379,890	+0.0%
Expenses	$353,924	$359,922	0.0%
Net Income	$34,333	$19,968	+0.7%

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

$473,465

Total Directors

$312,166

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RIEGEL	BOARD MEMBER/BOARD PRESIDENT	0.50	Officer Director	$0	$22,675	$214,003
ELIZABETH HUCKABONE	BOARD MEMBER/BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHLEEN CARLSON	BOARD MEMBER/BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
HELEN RONAN	BOARD MEMBER/BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
JUDITH SCOTT	BOARD MEMBER/BOARD TREASURER	0.50	Officer Director	$0	$11,094	$98,163
AARON HEJMOWSKI	CFO	0.50	Officer	$0	$23,006	$161,299

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	$388,257	$353,924	$1,113,692	$34,333
2022	$379,890	$359,922	$1,118,101	$19,968
2021	$407,566	$373,120	$1,135,366	$34,446
2020	$375,754	$415,051	$1,165,405	$-39,297
2019	$408,055	$330,367	$1,212,666	$77,688
2018	$404,179	$381,701	$1,162,647	$22,478

ISLANDVIEW HOUSING DEVELOPMENT FUND COMPANY INC