CORYDON HOUSING ASSOCIATION INC C/… - Form 990 Financial Data

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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

Principal Officer

ALAN M WILSON

Phone

6418723038

Tax Period

2025-01-01 to 2025-12-31

CORYDON HOUSING ASSOCIATION INC C/O RIGHTWAY MGMT SERVICES LLC, founded in 1974, is a small nonprofit that reported $229K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF CORYDON HOUSING ASSOCIATION INC IS TO PROVIDE ADEQUATE RENTAL HOUSING TO QUALIFIED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $156,529 Revenue: $228,736

THE PURPOSE OF CORYDON HOUSING ASSOCIATION INC IS TO PROVIDE ADEQUATE RENTAL HOUSING TO QUALIFIED INDIVIDUALS. THE ORGANIZATION MAINTAINED AN OCCUPANCY RATE OF 90% IN 2025.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $228,736

Investment Income $19

Other Revenue $0

TOTAL REVENUE $228,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,529

Other Expenses $225,352

TOTAL EXPENSES $225,352

Year-over-Year Comparison

	2025	2024	Change
Revenue	$228,755	$193,478	+0.2%
Expenses	$225,352	$216,607	+0.0%
Net Income	$3,403	$-23,129	-1.1%

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
ALAN M WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSS DANIELSEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DENNIS L THOMAS	TREASURER/SE	1.00	Officer Director	$0	$0	$0
DORENE MCCART	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS POLLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAREN DURELL	BOARD MEMBER	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
2025	$228,755	$225,352	$566,569	$3,403
2024	$193,448	$216,607	$569,730	$-23,159
2023	$181,638	$230,142	$601,826	$-48,504
2022	$185,572	$192,313	$656,086	$-6,741
2021	$183,857	$201,958	$668,972	$-18,101
2020	$189,238	$179,842	$690,671	$9,396
2019	$186,614	$192,771	$688,084	$-6,157
2018	$183,231	$159,451	$697,901	$23,780

CORYDON HOUSING ASSOCIATION INC C/O RIGHTWAY MGMT SERVICES LLC