Frederick Douglass Housing Development Fund Corporation (EIN 311604067) - 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

1998

Legal Domicile

Principal Officer

Rev Errol Hunt

Phone

5855464701

Tax Period

2025-01-01 to 2025-12-31

Frederick Douglass Housing Development Fund Corporation, founded in 1998, is a small nonprofit that reported $536K in total revenue in fiscal year 2025. Expenses of $615K exceeded revenue, resulting in a 15% operating deficit.

Mission

Provide affordable housing for low income elderly individuals.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $536,125

Investment Income $350

Other Revenue $0

TOTAL REVENUE $536,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,881

Fundraising Expenses $0

Program Expenses $496,250

Other Expenses $399,168

TOTAL EXPENSES $615,049

Year-over-Year Comparison

	2025	2024	Change
Revenue	$536,475	$539,004	0.0%
Expenses	$615,049	$613,878	+0.0%
Net Income	$-78,574	$-74,874	+0.0%

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

$174,824

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Errol E Hunt	President	0.60	Officer Director	$0	$0	$30,000
Waltrine Richardson	Member	0.10	Director	$0	$0	$0
Eraina Linder	Member	0.10	Director	$0	$0	$0
Mordecai A Jones	Treasurer	0.10	Officer Director	$0	$0	$0
Clayton L Wiley	Member	0.10	Director	$0	$0	$0
Sam Simpson	Vice Preisdent	0.10	Officer Director	$0	$0	$0
Nicholas Harris	Member	0.10	Director	$0	$0	$0
Shawn Harris	Member	0.10	Director	$0	$0	$0
Alberta Latimer-Hunt	Administrative Manager	10.00	Officer	$27,610	$0	$54,555
Sheona Larkins	Site Manager	40.00	Officer	$76,039	$14,230	$90,269

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	$536,475	$615,049	$1,516,079	$-78,574
2024	$539,004	$613,878	$1,583,404	$-74,874
2023	$536,283	$654,145	$1,675,803	$-117,862
2022	$522,030	$615,876	$1,774,352	$-93,846
2021	$531,964	$622,425	$1,879,675	$-90,461
2020	$517,026	$563,534	$1,952,134	$-46,508
2019	$529,158	$572,618	$2,003,181	$-43,460
2018	$466,986	$573,388	$2,068,158	$-106,402

Frederick Douglass Housing Development Fund Corporation