Waukegan Housing Development Corp (EIN 264250356) - 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

2008

Legal Domicile

Principal Officer

Charles J Chambers Mr

Phone

8472448500

Tax Period

2025-01-01 to 2025-12-31

Waukegan Housing Development Corp, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $128K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. Net assets of $548K represent 51 months of operating reserves.

Mission

To provide affordable housing for low income individuals and families

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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 $127,873

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $127,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,500

Fundraising Expenses $0

Other Expenses $79,897

TOTAL EXPENSES $133,397

Year-over-Year Comparison

	2025	2024	Change
Revenue	$127,873	$294,305	-0.6%
Expenses	$133,397	$344,212	-0.6%
Net Income	$-5,524	$-49,907	-0.9%

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

N/A

Independent Members

N/A

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

$48,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES J CHAMBERS JR	CEO	40.00	Officer	$48,000	$0	$48,000

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	$127,873	$133,397	$548,755	$-5,524
2024	$294,305	$344,212	$494,246	$-49,907
2023	$268,022	$128,938	$544,553	$139,084
2022	No data	$22,832	$404,949	No data
2021	$505,599	$134,020	No data	$371,579

Waukegan Housing Development Corp