WEST ELMWOOD HOUSING DEVELOPMENT CO (EIN 237138165) - 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

1970

Legal Domicile

Phone

4014533320

Tax Period

2024-01-01 to 2024-12-31

WEST ELMWOOD HOUSING DEVELOPMENT CO, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

ENABLING HOME OWNERSHIP, COMMUNITY ENGAGEMENT AND ECONOMIC DEVELOPMENT

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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 $1,176,012

Program Service Revenue $87,508

Investment Income $13,021

Other Revenue $1,380

TOTAL REVENUE $1,277,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $795,117

Fundraising Expenses $0

Program Expenses $1,315,980

Other Expenses $789,650

TOTAL EXPENSES $1,584,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,277,921	$1,560,489	-0.2%
Expenses	$1,584,767	$1,712,555	-0.1%
Net Income	$-306,846	$-152,066	+1.0%

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE HARPER	Executive Dir.	35.00	Officer	$100,000	$0	$100,000
SONIA THOMAS	Secretary	1.00	Officer Director	$0	$0	$0
COLLIN BAILLEY	Treasurer	1.00	Officer Director	$0	$0	$0
MICHELLE ROSA	Director	1.00	Officer Director	$0	$0	$0
ANGELA ANKOMA	Vice President	1.00	Officer Director	$0	$0	$0
SEAN FONTES	President	1.00	Officer Director	$0	$0	$0
ANDREA RAY	Director	1.00	Director	$0	$0	$0
RAWN DUNCAN	Director	1.00	Director	$0	$0	$0
JOSE MONTEIRO	Director	1.00	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
2024	$1,277,921	$1,584,767	$1,570,270	$-306,846
2023	$1,560,489	$1,712,555	$1,641,336	$-152,066
2022	$1,694,306	$2,089,705	$1,687,799	$-395,399
2021	$2,278,071	$2,219,481	$2,683,865	$58,590
2020	$2,494,096	$2,227,975	$2,957,242	$266,121
2019	$1,515,993	$1,633,490	$2,754,220	$-117,497
2018	$783,215	$1,124,224	$3,324,320	$-341,009

WEST ELMWOOD HOUSING DEVELOPMENT CO