HOUSING DEVELOPMENT CORPORATION OF NE PA

EIN: 232322175 501(c)(3) Housing & Shelter

WILKESBARRE, PA

Total Revenue
$1,791,412
Total Expenses
$1,914,127
Total Assets
$5,274,500
Net Assets
$2,581,518
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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
1984
Legal Domicile
PA
Phone
5708244803
Tax Period
2023-01-01 to 2023-12-31

HOUSING DEVELOPMENT CORPORATION OF NE PA, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

LOW AND MODERATE INCOME HOUSING

Program Service Accomplishments

Program 1
Expenses: $1,736,459 Revenue: $352,834

HOUSING DEVELOPMENT CORPORATION OF NORTHEASTERN PA ACQUIRES, DEVELOPS, AND CONSTRUCTS HOUSING, PRINCIPALLY FOR SALE TO ELIGIBLE LOW AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,407,317
Program Service Revenue $209,444
Investment Income $131,243
Other Revenue $43,408
TOTAL REVENUE $1,791,412

Expense Breakdown

Grants Paid $889,645
Salaries & Benefits $656,935
Fundraising Expenses $0
Program Expenses $1,736,459
Other Expenses $367,547
TOTAL EXPENSES $1,914,127

Year-over-Year Comparison

2023 2022 Change
Revenue $1,791,412 $1,715,517 +0.0%
Expenses $1,914,127 $2,048,576 -0.1%
Net Income $-122,715 $-333,059 -0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
37
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
5
$104,432
Total Directors
7
$104,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ATTORNEY JOSEPH VULLO CHAIRMAN 1.00
Officer Director
$0 $0 $0
EUGENE M BRADY PRESIDENT UNTIL 11/1/22 15.00
Officer Director
$90,460 $0 $90,460
FRED F LETTIERI VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $0 $0
LYNN ECKROTE BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA ROSTKOWSKI SECRETARY 1.00
Officer Director
$0 $0 $0
TAMMY HULSIZER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER WARABAK PRESIDENT FROM 11/2/22 15.00
Officer Director
$13,972 $0 $13,972
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 $1,791,412 $1,914,127 $5,274,500 $-122,715
2022 $1,715,517 $2,048,576 $5,291,388 $-333,059
2021 $1,868,979 $1,820,014 $5,828,203 $48,965
2020 $1,583,252 $1,800,541 $6,059,705 $-217,289
2019 $1,951,762 $1,833,885 $6,234,589 $117,877
2018 $1,517,453 $1,628,878 $5,324,680 $-111,425
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