FAMILY HOUSING DEVELOPERS INC

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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

1988

Legal Domicile

Principal Officer

RICHARD DRUFFEL

Phone

5132419400

Tax Period

2023-01-01 to 2023-12-31

FAMILY HOUSING DEVELOPERS INC, founded in 1988, is a micro nonprofit in the Housing & Shelter sector that reported $15K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $24K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO PROVIDE HOUSING PURSUANT TO THE NATIONAL HOUSING ACT, AS WELL AS UNDER ANY FEDERAL, STATE AND LOCAL PROGRAMS RELATING TO THE CONSTRUCTION AND REHABILITATION OF HOUSING IN THE GREATER CINCINNATI AREA, OHIO, AND FURTHER TO PURCHASE, HOLD, PROMOTE, DEVELOP AND OPERATE AFFORDABLE RENTAL HOUSING FOR FAMILIES WITH CHILDREN AND OTHER LOW INCOME HOUSEHOLDS.

Program Service Accomplishments

Program 1

Expenses: $20,159

TWO RESIDENTIAL DEVELOPMENTS CONSISTING OF SINGLE FAMILY HOMES AND TOWNHOUSES TOTALING 25 DWELLING UNITS WERE COMPLETED IN 1997-98. FOURTEEN OF THE HOMES IN SPRINGFIELD TOWNSHIP, OHIO, WERE RENOVATED IN 2018.THE DEVELOPMENTS ARE LOW INCOME TAX CREDIT UNITS, AND RESIDENTS ARE LOW INCOME FAMILIES.

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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 $15,042

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,159

Other Expenses $24,270

TOTAL EXPENSES $24,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,042	$12,751	+0.2%
Expenses	$24,270	$23,346	+0.0%
Net Income	$-9,228	$-10,595	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD T DRUFFEL	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN E SCHRIDER JR	EXECUTIVE V P	3.00	Officer Director	$0	$0	$0
DOROTHY CHRISTENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY ASBURY	TRUSTEE	1.00	Director	$0	$0	$0
SARAH HUMPHRIES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS R WARNER	TRUSTEE	1.00	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	$15,042	$24,270	$1,163,925	$-9,228
2022	$12,751	$23,346	$1,300,907	$-10,595
2021	$12,814	$33,164	$1,311,502	$-20,350
2020	$12,859	$33,291	$1,331,852	$-20,432
2019	$2,627	$22,993	$1,350,184	$-20,366
2018	$2,661	$51,159	$1,370,550	$-48,498