HOUSING DEVELOPMENT CORPORATION OF NE PA (EIN 232322175) - 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

1984

Legal Domicile

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

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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 $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

Governance

Voting Members

Independent Members

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

$104,432

Total Directors

$104,432

Key Employees

Highest Compensated

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

HOUSING DEVELOPMENT CORPORATION OF NE PA