QUALITY HOUSING DEVELOPMENT CORPORATION (EIN 330748145) - 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

1997

Legal Domicile

Principal Officer

JAMIE EULBERG

Phone

5308887097

Tax Period

2023-01-01 to 2023-12-31

QUALITY HOUSING DEVELOPMENT CORPORATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 102% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HOUSING FOR VERY LOW, LOW, AND MODERATE INCOME PEOPLE.

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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 $0

Program Service Revenue $70,265

Investment Income $2,626

Other Revenue $-129,133

TOTAL REVENUE $-56,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,174

Fundraising Expenses $0

Program Expenses $101,007

Other Expenses $45,168

TOTAL EXPENSES $102,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-56,242	$2,998,837	-1.0%
Expenses	$102,342	$86,934	+0.2%
Net Income	$-158,584	$2,911,903	-1.1%

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

$57,174

Total Directors

$57,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE EULBERG	Vice President	26.00	Officer Director	$33,174	$0	$33,174
MARK EULBERG	CEO/Exec. Dir.	5.00	Officer Director	$24,000	$0	$24,000
JENNA MADRIGAL	BOARD MEMBER	1.00	Director	$0	$0	$0
Morgan Lucas	Board Member	1.00	Officer Director	$0	$0	$0
JENNIFER FRANCO	CFO	1.00	Officer Director	$0	$0	$0
TANYA RANDALL	Secretary	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	$-56,242	$102,342	$3,641,620	$-158,584
2022	$2,998,837	$86,934	$3,526,665	$2,911,903
2022	$128,807	$86,934	$384,365	$41,873
2021	$29,877	$64,761	$274,444	$-34,884
2020	$164,332	$143,775	$302,171	$20,557

QUALITY HOUSING DEVELOPMENT CORPORATION