UNION HOUSING DEVELOPMENT CORPORATION (EIN 231739202) - 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

1990

Legal Domicile

Principal Officer

JEFFREY SMITH

Phone

2672585480

Tax Period

2023-01-01 to 2023-12-31

UNION HOUSING DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $361K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW INCOME & MODERATE INCOME FAMILIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $249,513

Investment Income $0

Other Revenue $0

TOTAL REVENUE $249,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,043

Fundraising Expenses $0

Program Expenses $284,676

Other Expenses $292,740

TOTAL EXPENSES $360,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,513	$114,934	+1.2%
Expenses	$360,783	$89,027	+3.1%
Net Income	$-111,270	$25,907	-5.3%

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

N/A

Employees

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
JEFFREY SMITH	PRESIDENT	20.00	Officer	$0	$0	$0
MARTHA CHAVIS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
STACEY MULLINS-TANNIS	SECRETARY	5.00	Officer	$0	$0	$0
KYMBERLY GRAVES	DIRECTOR	5.00	Director	$0	$0	$0
JAMES GASKINS	DIRECTOR	5.00	Director	$0	$0	$0
LeVON FOREMAN	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$249,513	$360,783	$6,240,547	$-111,270
2022	$114,934	$89,027	$6,498,885	$25,907
2021	$211,572	$149,998	$6,015,307	$61,574
2020	$208,323	$94,397	$6,216,792	$113,926
2020	$208,323	$94,397	$6,216,792	$113,926
2019	$295,260	$119,421	$6,110,116	$175,839
2018	$164,319	$163,455	$5,975,268	$864
2017	$152,065	$169,230	$5,601,040	$-17,165

UNION HOUSING DEVELOPMENT CORPORATION