SEDA-COG HOUSING DEVELOPMENT CORPORATION (EIN 232732149) - 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

1993

Legal Domicile

Principal Officer

LESLIE OSGOOD

Phone

5705244491

Tax Period

2023-01-01 to 2023-12-31

SEDA-COG HOUSING DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $741K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $235K, a strong 32% operating margin.

Mission

CREATE OPPORTUNITIES FOR AFFORDABLE AND DECENT HOUSING FOR LOW-INCOME ELDERLY INDIVIDUALS THROUGHOUT THE REGION. THE HOUSING DEVELOPMENT CORP. HAS DEVELOPED AND MANAGES NINE LOW-INCOME, ELDERLY APARTMENT BUILDINGS IN THE AREA.

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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 $549,181

Investment Income $191,669

Other Revenue $0

TOTAL REVENUE $740,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $505,768

Other Expenses $505,768

TOTAL EXPENSES $505,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$740,850	$895,595	-0.2%
Expenses	$505,768	$549,949	-0.1%
Net Income	$235,082	$345,646	-0.3%

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

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
RACHELLE A ABBOTT	DIRECTOR	N/A	Director	$0	$0	$0
SUE AUMAN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE BILGER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
SCOTT FRITZ	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD KISNER	DIRECTOR	N/A	Director	$0	$0	$0
HOLLY L KYLE	DIRECTOR	N/A	Director	$0	$0	$0
BOB WAYNE	DIRECTOR	N/A	Director	$0	$0	$0
KIM WHEELER	CHAIRPERSON/	N/A	Officer Director	$0	$0	$0
LESLIE OSGOOD	SECRETARY	N/A	Officer	$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	$740,850	$505,768	$7,333,382	$235,082
2022	$895,595	$549,949	$7,484,616	$345,646
2021	$1,031,296	$413,017	$6,852,321	$618,279
2020	$713,715	$640,633	$6,519,756	$73,082
2019	$1,413,979	$634,700	$6,252,917	$779,279
2018	$706,104	$672,520	$5,678,515	$33,584

SEDA-COG HOUSING DEVELOPMENT CORPORATION