WASHINGTON SQUARE HOUSING DEVELOPMENT CORPORATION (EIN 310961750) - 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

1978

Legal Domicile

Principal Officer

DAVID PHILLIPS

Phone

6144524184

Tax Period

2023-05-01 to 2024-04-30

WASHINGTON SQUARE HOUSING DEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 3% surplus.

Mission

TO PROVIDE AFFORDABLE ACCESSIBLE HOUSING TO THE ELDERLY AND HANDICAPPED PERSONS.

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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 $828,841

Program Service Revenue $375,896

Investment Income $2,400

Other Revenue $8,268

TOTAL REVENUE $1,215,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,096,616

Other Expenses $1,175,826

TOTAL EXPENSES $1,175,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,215,405	$1,111,121	+0.1%
Expenses	$1,175,826	$1,119,354	+0.1%
Net Income	$39,579	$-8,233	-5.8%

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

$122,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL L HUNT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOEL KING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELTON WALLER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD MITCHELL	MEMBER	1.00	Officer Director	$0	$0	$0
JAY FINKLEA	MEMBER	0.50	Director	$0	$0	$0
STAN FORD	MEMBER	0.50	Director	$0	$0	$0
ROBERT GLOVER	MEMBER	0.50	Director	$0	$0	$0
CASSANDRA L HICKS	MEMBER	0.50	Director	$0	$0	$0
CELIA M KENDALL	CEO	1.00	Officer	$0	$0	$122,146

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
2025	No data	No data	No data	No data
2024	$1,215,405	$1,175,826	$2,431,090	$39,579
2023	$1,111,121	$1,119,354	$2,447,105	$-8,233
2022	$1,093,951	$1,087,232	$2,562,185	$6,719
2021	$1,105,969	$1,107,844	$2,597,550	$-1,875
2020	$1,098,837	$1,103,992	$2,671,535	$-5,155
2019	$1,086,779	$1,181,388	$2,875,796	$-94,609
2018	$1,089,771	$1,307,422	$3,045,519	$-217,651

WASHINGTON SQUARE HOUSING DEVELOPMENT CORPORATION