BIL HOUSING DEVELOPMENT FUND CO INC (EIN 223102837) - 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

1995

Legal Domicile

Principal Officer

BRAD PACKARD

Phone

7168847791

Tax Period

2024-04-01 to 2025-03-31

BIL HOUSING DEVELOPMENT FUND CO INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $203K in total revenue in fiscal year 2024. The organization ran a surplus of $39K, a strong 19% operating margin.

Mission

TO OPERATE A HOUSING PROJECT FOR ELDERLY AND HANDICAPPED PERSONS OF LOW INCOME, WHERE NO ADEQUATE HOUSING EXISTS, AND TO PROMOTE THE WELFARE OF THE PEOPLE RESIDING IN THE PROJECT.

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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 $201,533

Investment Income $42

Other Revenue $1,253

TOTAL REVENUE $202,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,211

Fundraising Expenses $0

Program Expenses $146,444

Other Expenses $133,652

TOTAL EXPENSES $163,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,828	$198,447	+0.0%
Expenses	$163,863	$156,776	+0.0%
Net Income	$38,965	$41,671	-0.1%

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

N/A

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

$706,724

Total Directors

$706,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D RIEGEL	BOARD MEMBER/PRESIDENT	0.50	Officer Director	$0	$27,794	$219,456
PAMELA BERGER	BOARD MEMBER/VICE PRESIDENT	0.50	Officer Director	$0	$13,967	$157,732
AARON HEJMOWSKI	BOARD MEMBER/TREASURER/CFO	0.50	Officer Director	$0	$7,712	$159,781
BRAD PACKARD	BOARD MEMBER/SECRETARY	0.50	Officer Director	$0	$8,111	$169,755

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	$202,828	$163,863	$626,237	$38,965
2024	$198,447	$156,776	$621,625	$41,671
2023	$210,931	$177,152	$608,709	$33,779
2022	$221,040	$172,583	$605,219	$48,457
2021	$219,185	$184,356	$586,629	$34,829
2020	$209,128	$202,706	$579,830	$6,422
2019	$194,405	$196,333	$593,353	$-1,928
2018	$218,481	$177,068	$608,420	$41,413

BIL HOUSING DEVELOPMENT FUND CO INC