HOUSING DEVELOPMENT CORPORATION MIDATLANTIC (EIN 231861343) - 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

1971

Legal Domicile

Principal Officer

DANA HANCHIN

Phone

7172911911

Tax Period

2024-01-01 to 2024-12-31

HOUSING DEVELOPMENT CORPORATION MIDATLANTIC, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.6M in total revenue in fiscal year 2024. Expenses of $13.4M left a modest 14% surplus.

Mission

HDC'S MISSION IS TO MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING.

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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 $3,492,674

Program Service Revenue $11,330,913

Investment Income $603,309

Other Revenue $218,612

TOTAL REVENUE $15,645,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,027,227

Fundraising Expenses $367,259

Program Expenses $11,614,227

Other Expenses $2,356,877

TOTAL EXPENSES $13,384,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,645,508	$15,903,025	0.0%
Expenses	$13,384,104	$13,394,318	0.0%
Net Income	$2,261,404	$2,508,707	-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

Employees

193

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

$605,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SANSARY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ANGELA STEELE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KAREN SHENK	TREASURER & SECRETARY	0.50	Officer Director	$0	$0	$0
BROOKE BAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANE ELLIOT	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHEL GIBEAULT	BOARD MEMBER	0.50	Director	$0	$0	$0
AAREON AHARLEY-EMERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
EDWIN MARTINEZ FELICIANO	BOARD MEMBER	0.50	Director	$0	$0	$0
TYRONE MILLER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRADLEY PETERS	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA RIGGS	BOARD MEMBER	0.50	Director	$0	$0	$0
LOAIDIA RODRIQUEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
RENE SANCHEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
DANA HANCHIN	PRESIDENT/CEO	40.00	Officer	$280,500	$8,307	$288,807
CLAUDE HICKS	SVP OF REAL ESTATE DEVELOP (THRU 4/24)	40.00	Officer	$126,974	$2,525	$129,499
SHARLENE WOODRUFF	CFO	40.00	Officer	$175,298	$11,483	$186,781
TAMMIE FITZPATRICK	COO	40.00	Highest	$169,778	$11,794	$181,572
DEBORAH GABLE	V.P RESIDENT SERVICES	40.00	Highest	$141,839	$10,073	$151,912

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	$15,645,508	$13,384,104	$31,674,053	$2,261,404
2023	$15,903,025	$13,394,318	$27,194,557	$2,508,707
2022	$11,443,531	$11,202,268	$24,727,893	$241,263
2021	$11,939,671	$11,341,925	$24,908,226	$597,746
2020	$10,483,218	$10,671,331	$21,847,590	$-188,113
2019	$10,772,844	$10,520,009	$21,240,040	$252,835
2018	$11,048,135	$10,292,966	$21,006,966	$755,169

HOUSING DEVELOPMENT CORPORATION MIDATLANTIC