WASHINGTON TOWNHOUSES INC

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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

1974

Legal Domicile

Phone

6264051042

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON TOWNHOUSES INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $455K in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY LIVING ACCOMODATIONS FOR LOW INCOME PERSONS.

Program Service Accomplishments

Program 1

Expenses: $441,955 Revenue: $455,434

HOUSING PROJECT FOR QUALIFIED LOW-INCOME RESIDENTS LOCATED IN PASADENA, CALIFORNIA. WASHINGTON TOWNHOUSES WAS ORGANIZED IN 1974 FOR THE PURPOSES OF ACQUIRING, DEVELOPING AND OPERATING A GROUP HOME OF TWENTY UNITS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT OF 1937. THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) REGULATES SUCH PROJECTS. FEDERAL FUNDING IS PROVIDED THROUGH HUDS SECTION 8 HOUSING ASSISTANCE PROGRAM.

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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 $455,434

Investment Income $0

Other Revenue $0

TOTAL REVENUE $455,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,955

Other Expenses $441,955

TOTAL EXPENSES $441,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,434	$440,387	+0.0%
Expenses	$441,955	$403,379	+0.1%
Net Income	$13,479	$37,008	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY THOMPSON	BOARD CHAIR	0.10	Director	$0	$0	$0
GWENDOLYN WHITE	EXECUTIVE DIRECTOR	0.10	Officer Director	$0	$0	$0
ROBERT BUTLER	TREASURER	0.10	Director	$0	$0	$0
RAYMOND SHIELDS	BOARD MEMBER	0.10	Director	$0	$0	$0
JULINDA HOLMES	SECRETARY	0.10	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	No data	No data	No data	No data
2023	$455,434	$441,955	No data	$13,479
2022	$440,387	$403,379	No data	$37,008
2021	$424,921	$434,302	No data	$-9,381
2020	$427,881	$388,953	No data	$38,928
2019	$496,315	$373,798	No data	$122,517
2018	$355,791	$366,432	No data	$-10,641