STEGER II HOUSING DEVELOPMENT FUND COMPANY INC (EIN 320087740) - 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

2003

Legal Domicile

Principal Officer

SHARON PARIS

Phone

5854262350

Tax Period

2024-07-01 to 2025-06-30

STEGER II HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $334K in total revenue in fiscal year 2024. Expenses of $492K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT FOR THE ELDERLY, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,939

Program Service Revenue $166,463

Investment Income $2,240

Other Revenue $1,972

TOTAL REVENUE $333,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,329

Fundraising Expenses $0

Program Expenses $300,059

Other Expenses $365,419

TOTAL EXPENSES $491,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,614	$323,206	+0.0%
Expenses	$491,748	$462,595	+0.1%
Net Income	$-158,134	$-139,389	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE SPOTO	BOARD PRESIDENT	Officer Director	$0	$0	$0
DONALD E KUHMAN	BOARD MEMBER	Director	$0	$0	$0
GARY RIGONI	BOARD MEMBER	Director	$0	$0	$0
WILLIAM A GILLETTE	BOARD MEMBER	Director	$0	$0	$0
GREG WESTBROOK	BOARD MEMBER	Director	$0	$0	$0
JAMES GRAY	BOARD MEMBER	Director	$0	$0	$0
ROCHELLE BRUNSHIDLE	BOARD MEMBER	Director	$0	$0	$0
SHARON M PARIS	SECRETARY/TREASURER	Officer 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
2025	$333,614	$491,748	$1,154,444	$-158,134
2024	$323,206	$462,595	$1,302,537	$-139,389
2023	$314,297	$458,262	$1,438,747	$-143,965
2022	$314,148	$429,540	$1,579,130	$-115,392
2021	$307,186	$436,884	$1,689,306	$-129,698
2020	$293,842	$406,697	$1,819,921	$-112,855
2019	$291,524	$422,195	$1,935,388	$-130,671

STEGER II HOUSING DEVELOPMENT FUND COMPANY INC