DELAWARE COUNTY HOUSING DEVELOPMENT CORPORATION (EIN 232259890) - 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

1983

Legal Domicile

Principal Officer

LAWRENCE E HARTLEY

Phone

6108743001

Tax Period

2022-07-01 to 2023-06-30

DELAWARE COUNTY HOUSING DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 829% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 84% operating margin.

Mission

THE CORPORATION PROVIDES AND PROMOTES DECENT, SAFE, AND SANITARY HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES THROUGH PROGRAMS OF HOUSING SALES AND RENTALS.

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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 $96,190

Investment Income $1,182,859

Other Revenue $65,851

TOTAL REVENUE $1,344,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,456

Other Expenses $218,224

TOTAL EXPENSES $218,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,344,900	$144,776	+8.3%
Expenses	$218,224	$263,578	-0.2%
Net Income	$1,126,676	$-118,802	-10.5%

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

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
JOHN J MACVEIGH III	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEPHEN J POLAHA	TREASURER	N/A	Officer Director	$0	$0	$0
LAWRENCE E HARTLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
WILLIAM T NEILL III	BOARD MEMBER	N/A	Director	$0	$0	$0
JACQUELINE E SOP	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,344,900	$218,224	$316,769	$1,126,676
2022	$144,776	$263,578	$392,317	$-118,802
2021	$164,140	$251,446	$395,414	$-87,306
2020	$171,834	$270,360	$385,339	$-98,526
2019	$187,409	$244,236	$395,865	$-56,827
2018	$163,853	$232,885	$414,277	$-69,032

DELAWARE COUNTY HOUSING DEVELOPMENT CORPORATION