HUNTINGTON SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC (EIN 237423372) - 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

1972

Legal Domicile

Principal Officer

WILLIAM DAVIDSON

Phone

6312620101

Tax Period

2024-01-01 to 2024-12-31

HUNTINGTON SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC, founded in 1972, is a small nonprofit that reported $141K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $133K, a strong 94% operating margin.

Mission

SEEKING,AQUIRING, RENOVATING, AND FINANCING OF RENTAL HOUSING UNITS FOR LOW INCOME SENIOR CITIZENS AS DEFINDED AND APPROVED UNDER HUD GUIDELINES TO QUALIFY FOR THE HUD HAP SUBSIDY.

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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 $0

Program Service Revenue $0

Investment Income $141,245

Other Revenue $0

TOTAL REVENUE $141,245

Expense Breakdown

Grants Paid $7,678

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,678

Other Expenses $950

TOTAL EXPENSES $8,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,245	$156,909	-0.1%
Expenses	$8,628	$851,274	-1.0%
Net Income	$132,617	$-694,365	-1.2%

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

$634,493

Total Directors

$634,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVIDSON	PRESIDENT	1.00	Officer Director	$0	$0	$266,294
JUDY FARABAUGH	CONTROLLER	1.00	Highest	$0	$0	$232,666
LAWRENCE CREGAN	DIRECTOR	1.00	Officer Director	$0	$0	$129,980
JEFFREY HARTMAN	DIRECTOR	1.00	Officer Director	$0	$0	$124,231
JANICE DALESSIO	TREASURER	1.00	Officer Director	$0	$0	$56,994
JOHN ZANFINO	DIRECTOR	1.00	Officer Director	$0	$0	$56,994
JOHN J FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT FRIGERIA III	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARL MILLS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK TASSONE	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
2025	No data	No data	No data	No data
2024	$141,245	$8,628	$3,496,861	$132,617
2023	$156,909	$851,274	$4,192,231	$-694,365
2022	$13,706	$1,349,073	$5,354,467	$-1,335,367
2021	$226,035	$1,725,533	$7,060,511	$-1,499,498
2020	$283,169	$1,409,324	$8,296,608	$-1,126,155
2019	$324,308	$1,195,102	$9,160,409	$-870,794
2018	$362,039	$1,197,702	$9,977,122	$-835,663

HUNTINGTON SENIOR CITIZENS HOUSING DEVELOPMENT FUND CO INC