Hudson House Housing Development Fund Company Inc (EIN 275547643) - 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

Phone

7185811000

Tax Period

2023-01-01 to 2023-12-31

Hudson House Housing Development Fund Company Inc, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR OLDER ADULTS UNDER SECTION 202 OF THE NATIONAL 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 $156,562

Program Service Revenue $1,073,322

Investment Income $0

Other Revenue $19,502

TOTAL REVENUE $1,249,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,723

Fundraising Expenses $0

Program Expenses $1,319,569

Other Expenses $1,452,133

TOTAL EXPENSES $1,582,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,249,386	$959,058	+0.3%
Expenses	$1,582,856	$1,542,543	+0.0%
Net Income	$-333,470	$-583,485	-0.4%

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

$3,008,975

Total Directors

Key Employees

$379,872

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	President, CEO	1.0	Officer	$0	$65,382	$2,065,154
N/A	Chief Operating Officer	1.0	Officer	$0	$32,203	$943,821
N/A	Interim CFO	1.0	Key Emp	$0	$60,643	$379,872

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	$1,249,386	$1,582,856	$8,097,628	$-333,470
2022	$959,058	$1,542,543	$8,215,677	$-583,485
2021	$788,721	$1,326,956	$8,338,957	$-538,235
2020	$706,570	$1,354,467	$8,787,124	$-647,897
2019	$741,278	$1,294,429	$9,415,157	$-553,151
2018	$733,850	$1,218,937	$9,951,353	$-485,087

Hudson House Housing Development Fund Company Inc