CHESTNUT HOUSING CORPORATION (EIN 273292060) - 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

2017

Legal Domicile

Principal Officer

CHAD MARTIN

Phone

7176697372

Tax Period

2024-01-01 to 2024-12-31

CHESTNUT HOUSING CORPORATION, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $773K, a strong 63% operating margin.

Mission

CHESTNUT HOUSING PROVIDES AFFORDABLE RENTAL HOUSING TO PEOPLE EXPERIENCING HOMELESSNESS BECAUSE A HOME IS THE FOUNDATION OF A HEALTHY AND FULFILLING LIFE. WE CONNECT PEOPLE AND COMMUNITIES OF FAITH WITH TANGIBLE WAYS TO CREATE MORE AFFORDABLE HOMES IN LANCASTER.

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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 $1,042,168

Program Service Revenue $163,212

Investment Income $26,614

Other Revenue $217

TOTAL REVENUE $1,232,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,496

Fundraising Expenses $26,207

Program Expenses $373,846

Other Expenses $326,203

TOTAL EXPENSES $459,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,232,211	$1,233,539	0.0%
Expenses	$459,699	$261,584	+0.8%
Net Income	$772,512	$971,955	-0.2%

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

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

$115,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE WATERFIELD	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICHOLAS SELCH	TREASURER	2.00	Officer Director	$0	$0	$0
CAL YODER	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH BENNET	DIRECTOR	2.00	Director	$0	$0	$0
LYNN BERGEY	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA CARSON	DIRECTOR	2.00	Director	$0	$0	$0
BEN LESHER	DIRECTOR	2.00	Director	$0	$0	$0
CHAD MARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$111,500	$4,392	$115,892

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	$1,232,211	$459,699	$4,148,339	$772,512
2023	$527,910	$245,994	$1,934,255	$281,916
2023	$1,233,539	$261,584	$2,624,294	$971,955
2023	$1,233,539	$261,584	$2,624,294	$971,955
2022	$490,552	$162,225	$1,418,180	$328,327
2021	$162,975	$110,768	$857,845	$52,207
2020	$193,449	$89,400	$814,103	$104,049
2019	$156,719	$69,695	$696,851	$87,024
2018	$219,303	$77,368	$633,750	$141,935

CHESTNUT HOUSING CORPORATION