AKELEY LANDING HOUSING DEVELOPMENT FUND CORPORATION (EIN 270995580) - 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

2010

Legal Domicile

Principal Officer

SEANELLE HAWKINS

Phone

5853256530

Tax Period

2023-04-01 to 2024-03-31

AKELEY LANDING HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a micro nonprofit that reported $80K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $121K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO DEVELOP AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,058

Program Service Revenue $39,235

Investment Income $1,882

Other Revenue $268

TOTAL REVENUE $80,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,049

Fundraising Expenses $0

Program Expenses $91,039

Other Expenses $108,867

TOTAL EXPENSES $120,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,443	$72,323	+0.1%
Expenses	$120,916	$130,870	-0.1%
Net Income	$-40,473	$-58,547	-0.3%

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

$206,057

Total Directors

$206,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEANELLE HAWKINS	PRESIDENT/CEO	1.00	Officer Director	$0	$36,309	$206,057
TRACY WILLIAMS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CLARENCE SIMMONS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEITH CLEARY	TREASURER	1.00	Officer Director	$0	$0	$0
STUART MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW RAUS	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
2024	$80,443	$120,916	$1,248,084	$-40,473
2024	No data	No data	$1,248,084	No data
2024	$107,001	$120,916	$1,248,084	$-13,915
2023	$72,323	$130,870	$1,265,112	$-58,547
2022	$61,709	$121,802	$1,321,658	$-60,093
2021	$64,033	$98,534	$1,360,174	$-34,501
2020	$66,138	$105,204	$1,398,394	$-39,066
2019	$56,424	$101,103	$1,432,891	$-44,679

AKELEY LANDING HOUSING DEVELOPMENT FUND CORPORATION