HOUSING DEVELOPMENT CORPORATION (EIN 311526415) - 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

1997

Legal Domicile

Principal Officer

LARRY ELLIS

Phone

3045264400

Tax Period

2023-01-01 to 2023-12-31

HOUSING DEVELOPMENT CORPORATION, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 48% operating deficit.

Mission

PROVIDE AND ADVANCE DECENT, SAFE HOUSING.

🔒

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 $0

Program Service Revenue $1,146,789

Investment Income $40

Other Revenue $6,432

TOTAL REVENUE $1,153,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,768

Fundraising Expenses $0

Program Expenses $1,352,921

Other Expenses $1,190,999

TOTAL EXPENSES $1,709,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,153,261	$3,293,361	-0.6%
Expenses	$1,709,767	$4,187,568	-0.6%
Net Income	$-556,506	$-894,207	-0.4%

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

137

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

$208,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ELLIS	VICE PRESIDE	10.00	Officer	$0	$0	$116,629
TABITHA GLENN	TREASURER	10.00	Officer	$0	$0	$91,398
JOYCE CLARK	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA CLEMENTS	DIRECTOR	2.00	Director	$0	$0	$0
JT COMBS	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW DAWSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES HOLLEY	CHAIR	2.00	Director	$0	$0	$0
JOSEPH L WILLIAMS JR	DIRECTOR	2.00	Director	$0	$0	$0
FRANCIE ROBERTS-BUCHANAN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES V ALAN ROHRIG	VICE CHAIR	2.00	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	$1,153,261	$1,709,767	$6,314,352	$-556,506
2022	$3,293,361	$4,187,568	$6,740,598	$-894,207
2021	$3,802,833	$3,981,841	$7,568,712	$-179,008
2020	$4,747,372	$4,456,904	$8,037,217	$290,468
2019	$3,090,076	$3,648,261	$7,967,500	$-558,185
2018	$2,825,874	$3,460,350	$8,347,998	$-634,476

HOUSING DEVELOPMENT CORPORATION