CREDO HOUSING DEVELOPMENT INC (EIN 222813920) - 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

1987

Legal Domicile

Principal Officer

ROBERT DORR

Phone

2034377960

Tax Period

2024-01-01 to 2024-12-31

CREDO HOUSING DEVELOPMENT INC, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $71K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO ADDRESS THE CRITICAL SHORTAGE OF DECENT, SAFE, AND AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS IN WATERBURY.

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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 $71,129

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,129

Expense Breakdown

Grants Paid $2,600

Salaries & Benefits $43,388

Fundraising Expenses $0

Program Expenses $79,068

Other Expenses $60,524

TOTAL EXPENSES $106,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,129	$127,758	-0.4%
Expenses	$106,512	$155,883	-0.3%
Net Income	$-35,383	$-28,125	+0.3%

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

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

$41,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELIA DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANNETTE MARCHANT	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MARY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA WYNKOOP	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL POTTER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH PETRUCCIONE	DIRECTOR	1.00	Director	$0	$0	$0
PETER JAY HOPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT DORR	EXECUTIVE DI	40.00	Officer	$41,000	$0	$41,000

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
2024	$71,129	$106,512	$833,068	$-35,383
2023	$127,758	$155,883	$857,735	$-28,125
2022	$300,649	$141,915	$898,668	$158,734
2021	$136,885	$126,574	$744,633	$10,311
2020	$134,698	$127,124	$737,322	$7,574
2019	$202,180	$129,819	$735,748	$72,361
2018	$136,685	$125,037	$714,092	$11,648

CREDO HOUSING DEVELOPMENT INC