CARDINAL HOUSING GROUP INC (EIN 341263473) - 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

1980

Legal Domicile

Principal Officer

JOHN JOYCE

Phone

2163608333

Tax Period

2023-01-01 to 2023-12-31

CARDINAL HOUSING GROUP INC, founded in 1980, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 92% operating margin.

Mission

TO PROVIDE FINANCING FOR AFFORDABLE HOUSING PROJECTS THAT PROMOTE HOUSING FOR INDIVIDUALS THAT QUALIFY FOR LOW-INCOME HOUSING AND TO DEVELOP LOW- AND MODERATE-INCOME HOUSING.

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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 $1,990,673

Investment Income $190,033

Other Revenue $0

TOTAL REVENUE $2,180,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,461

Fundraising Expenses $0

Program Expenses $19,894

Other Expenses $36,954

TOTAL EXPENSES $172,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,180,706	$2,884,895	-0.2%
Expenses	$172,415	$1,822,125	-0.9%
Net Income	$2,008,291	$1,062,770	+0.9%

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

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JOYCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN JOYCE JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS MORTON	TRUSTEE	1.00	Director	$0	$0	$0
ANTE BRKIC	TRUSTEE	1.00	Director	$2,500	$0	$2,500
KEITH STRAUSS	TRUSTEE	1.00	Director	$2,500	$0	$2,500

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	$2,180,706	$172,415	$12,007,765	$2,008,291
2022	$2,884,895	$1,822,125	$9,973,474	$1,062,770
2021	$2,039,864	$2,033,902	$15,507,744	$5,962
2020	$577,866	$416,456	$15,548,793	$161,410
2018	$217,251	$7,647	$6,530,497	$209,604

CARDINAL HOUSING GROUP INC