WATTS COMMUNITY HOUSING CORP (EIN 237390826) - 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

1976

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

WATTS COMMUNITY HOUSING CORP, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 828% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 96% operating margin.

Mission

NON PROFIT HOUSING FOR LOW INCOME RESIDENTS

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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 $0

Investment Income $5,401,571

Other Revenue $0

TOTAL REVENUE $5,401,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $196,301

Other Expenses $196,301

TOTAL EXPENSES $196,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,401,571	$581,885	+8.3%
Expenses	$196,301	$589,852	-0.7%
Net Income	$5,205,270	$-7,967	-654.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN WOODS	PRESIDENT	20.00	Officer 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
2023	$5,401,571	$196,301	$6,174,883	$5,205,270
2022	$581,885	$589,852	$2,339,375	$-7,967
2021	$583,246	$559,376	$1,441,024	$23,870
2020	$553,983	$527,998	$1,527,983	$25,985
2019	$566,056	$518,051	$1,500,327	$48,005
2018	$456,126	$594,916	$1,755,109	$-138,790

WATTS COMMUNITY HOUSING CORP