SOUTHEASTERN HOUSING AND COMMUNITY DEVELOPMENT (EIN 311480295) - 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

1976

Legal Domicile

Principal Officer

ROBERT THOMAS

Phone

8032593588

Tax Period

2022-07-01 to 2023-06-30

SOUTHEASTERN HOUSING AND COMMUNITY DEVELOPMENT, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $7.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE RENTAL HOUSING TO LOW AND MODERATE INCOME TENANTS BY OWNING AND OPERATING APARTMENT COMPLEXES AND SINGLE FAMILY HOMES LOCATED IN THE SOUTHEASTERN SECTION OF SOUTH CAROLINA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,536,216

Program Service Revenue $2,200,380

Investment Income $93,862

Other Revenue $565,357

TOTAL REVENUE $6,395,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,866,084

Other Expenses $7,282,263

TOTAL EXPENSES $7,282,263

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,395,815	$9,069,659	-0.3%
Expenses	$7,282,263	$6,862,191	+0.1%
Net Income	$-886,448	$2,207,468	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS HALEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID BARNETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKIE BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE ELLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICIA JOYNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT THOMAS	EXECUTIVE DIRECTOR	20.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,395,815	$7,282,263	$15,812,546	$-886,448
2022	$9,069,659	$6,862,191	$16,845,828	$2,207,468
2021	$5,568,906	$6,542,767	$15,553,642	$-973,861
2020	$5,870,277	$6,203,702	$15,637,982	$-333,425
2019	$5,558,489	$5,998,010	$16,245,531	$-439,521
2018	$5,403,998	$6,097,023	$16,825,707	$-693,025

SOUTHEASTERN HOUSING AND COMMUNITY DEVELOPMENT