CDA HOUSING INC (EIN 300572797) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

DONALD RICHARDS

Phone

9069325500

Tax Period

2023-01-01 to 2023-12-31

CDA HOUSING INC, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $38.6M in total revenue in fiscal year 2023. Revenue surged 995% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37.8M, a strong 98% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, AND EXCLUSIVELY TO CARRY OUT THE FOLLOWING PURPOSES: 1. PROVIDE DECENT, SAFE AND SANITARY HOUSING AND OTHER ASSISTANCE RELATED TO AFFORDABLE LOW-INCOME HOUSING AND BASIC HUMAN NEEDS FOR DECENT SHELTER TO THOSE IN NEED AND THE DISADVANTAGED AS WELL AS TO ENGAGE IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH THE CORPORATION MAY BE ORGANIZED UNDER THE NON-PROFIT CORPORATION LAW OF THE STATE OF MICHIGAN. 2. DEVELOP AND MAINTAIN SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS IN THE STATES OF MICHIGAN, WISCONSIN AND ILLINOIS. 3. PURCHASE, OBTAIN DONATIONS OF, AND ACCEPT OWNERSHIP OF EXISTING RENTAL HOUSING PROPERTIES AND, IF APPLICABLE AND APPROPRIATE, TO ASSUME EXISTING MORTGAGES AND ASSOCIATED INDEBTEDNESS OF SAID PROPERTIES AND/OR OBTAIN OTHER FINANCING AND OPERATE SAID PROPERTY AS AFFORDABLE LOW-INCOME HOUSING. 4. PROVIDE SUCH EDUCATIONAL, SUPPORTIVE AND REFERRAL SERVICES TO LOW-INCOME PERSONS A

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,431,075

Program Service Revenue $0

Investment Income $1,062,497

Other Revenue $21,097,093

TOTAL REVENUE $38,590,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,983

Other Expenses $810,337

TOTAL EXPENSES $810,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,590,665	$3,525,528	+9.9%
Expenses	$810,337	$935,795	-0.1%
Net Income	$37,780,328	$2,589,733	+13.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMON DUNCAN	DIRECTOR	2.00	Director	$0	$0	$0
TIM MAHONE	VICE PRESIDE	2.00	Officer	$0	$0	$0
KATIE OATSVALL	SECRETARY &	2.00	Officer	$0	$0	$0
DONALD RICHARDS	PRESIDENT	2.00	Officer	$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	$38,590,665	$810,337	$82,182,372	$37,780,328
2022	$3,525,528	$935,795	$56,463,370	$2,589,733
2021	$9,666,915	$134,392	$52,894,657	$9,532,523
2020	$11,134,762	$32,635	$26,630,212	$11,102,127
2019	$8,676,739	$37,063	$15,528,083	$8,639,676
2018	$3,228,803	$25,917	$6,888,407	$3,202,886

CDA HOUSING INC