WHGA GARVEY HOUSING DEVELOPMENT FUND COMPANY INC (EIN 272127643) - 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

DONALD C NOTICE

Phone

2128621399

Tax Period

2023-01-01 to 2023-12-31

WHGA GARVEY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2010, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION WAS ORGANIZED TO PROVIDE HOUSING TO INDIGENT FAMILIES. ITS PURPOSE IS TO RELIEVE CONGESTION AND OVERCROWDING IN HOUSING AMONG POOR FAMILIES, MENTALLY DISADVANTAGED PERSONS AND THE HOMELESS.

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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 $0

Program Service Revenue $1,747,041

Investment Income $24,144

Other Revenue $37,045

TOTAL REVENUE $1,808,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,815

Fundraising Expenses $0

Program Expenses $1,857,179

Other Expenses $1,853,659

TOTAL EXPENSES $2,068,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,808,230	$1,819,279	0.0%
Expenses	$2,068,474	$2,297,245	-0.1%
Net Income	$-260,244	$-477,966	-0.5%

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

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
GENEVIEVE OUTLAW	Secretary	10.00	Officer Director	$0	$0	$0
DIANE INCE	Treasurer	10.00	Officer Director	$0	$0	$0
COURTNEY BENNETT	BOARD MEMBER	10.00	Director	$0	$0	$0
ILEANA DELAROSA	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
LENORE B BROWN	VICE CHAIR	10.00	Officer 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	No data	No data	No data	No data
2023	$1,808,230	$2,068,474	$3,208,354	$-260,244
2022	$1,819,279	$2,297,245	$3,460,258	$-477,966
2021	$1,837,151	$1,785,602	$3,993,550	$51,549
2020	$1,729,746	$1,469,932	$3,765,838	$259,814
2019	$1,596,653	$1,480,081	$3,462,751	$116,572
2018	$1,541,859	$1,569,223	$3,343,288	$-27,364

WHGA GARVEY HOUSING DEVELOPMENT FUND COMPANY INC