Wilson Housing Development Corporation (EIN 262051792) - 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

2007

Legal Domicile

Principal Officer

Kelly Vick

Phone

2522912245

Tax Period

2024-01-01 to 2024-12-31

Wilson Housing Development Corporation, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $389K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $109K, a strong 28% operating margin.

Mission

To provide for the relief of the poor and distressed in Wilson County, NC.

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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 $32,592

Program Service Revenue $237,739

Investment Income $100,430

Other Revenue $18,144

TOTAL REVENUE $388,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,860

Fundraising Expenses $0

Program Expenses $259,888

Other Expenses $233,672

TOTAL EXPENSES $279,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,905	$4,572,350	-0.9%
Expenses	$279,532	$413,002	-0.3%
Net Income	$109,373	$4,159,348	-1.0%

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
Annie Ward	Chair	1.00	Officer Director	$0	$0	$0
Ty Conti	Vice Chair	1.00	Officer Director	$0	$0	$0
Erin Day	Director	1.00	Director	$0	$0	$0
Selby Brewer	Dirctor	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
2024	$388,905	$279,532	$10,594,772	$109,373
2023	$4,572,350	$413,002	$10,421,884	$4,159,348
2022	$129,414	$1,154	$5,443,454	$128,260
2021	$267,945	$13,743	$5,351,928	$254,202
2020	$100,062	$13,747	$5,098,056	$86,315
2019	$100,986	$12,906	$5,012,057	$88,080
2018	$94,048	$15,638	$4,924,280	$78,410

Wilson Housing Development Corporation