HIGHLAND TERRACE HOUSING CORPORATIO (EIN 251730915) - 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

1994

Legal Domicile

Principal Officer

JOHN J HADGKISS

Phone

7246571301

Tax Period

2024-04-01 to 2025-03-31

HIGHLAND TERRACE HOUSING CORPORATIO, founded in 1994, is a small nonprofit that reported $434K in total revenue in fiscal year 2024. Expenses of $495K exceeded revenue, resulting in a 14% operating deficit.

Mission

SECTION 202 HUD SUBSIDIZED HOUSING FOR THE ELDERLY

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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 $264,736

Program Service Revenue $162,434

Investment Income $6,353

Other Revenue $0

TOTAL REVENUE $433,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,455

Fundraising Expenses $0

Program Expenses $495,141

Other Expenses $357,686

TOTAL EXPENSES $495,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,523	$412,736	+0.1%
Expenses	$495,141	$478,257	+0.0%
Net Income	$-61,618	$-65,521	-0.1%

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

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
JOSEPG GLOCLANO	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK GRANT	DIRECTOR	1.00	Director	$0	$0	$0
GARY GRANT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J HADGKISS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN LECHNER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LITRENTA	SECRETARY/TR	2.00	Director	$0	$0	$0
JOHN SARANDREA	ASST., SECRE	2.00	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	$433,523	$495,141	$1,141,438	$-61,618
2024	$412,736	$478,257	$1,194,674	$-65,521
2023	$385,570	$417,097	$1,249,745	$-31,527
2022	$387,889	$408,472	$1,274,855	$-20,583
2021	$345,604	$398,974	$1,325,931	$-53,370
2020	$322,359	$399,281	$1,364,606	$-76,922
2019	$291,811	$355,698	$1,450,032	$-63,887

HIGHLAND TERRACE HOUSING CORPORATIO