Trumbull Housing Development Corporation (EIN 341477202) - 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

Phone

3303691533

Tax Period

2024-07-01 to 2025-06-30

Trumbull Housing Development Corporation, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $733K in total revenue in fiscal year 2024. The organization ran a surplus of $146K, a strong 20% operating margin.

Mission

To promote and advance decent, safe and sanitary housing for persons of low income, and particularly the elderly or infirm, and to construct a housing project or projects usable for public housing purposes or other charitable purposes.

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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 $0

Program Service Revenue $357,462

Investment Income $392,342

Other Revenue $-17,227

TOTAL REVENUE $732,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,421

Fundraising Expenses $0

Program Expenses $373,320

Other Expenses $475,103

TOTAL EXPENSES $586,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$732,577	$744,178	0.0%
Expenses	$586,524	$674,383	-0.1%
Net Income	$146,053	$69,795	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
James J Melfi	President	0.50	Officer Director	$0	$0	$0
Reverend Darryl L Rodgers Sr	Vice-President	0.50	Officer Director	$0	$0	$0
Anthony C Perrone	Secretary-Treasurer	0.50	Officer Director	$0	$0	$0
Jerome F Lambert	Trustee	0.50	Director	$0	$0	$0
Gilbert L Rieger	Trustee	0.50	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	$732,577	$586,524	$12,505,817	$146,053
2024	$744,178	$674,383	$12,429,642	$69,795
2023	$603,927	$759,785	$12,354,343	$-155,858
2022	$448,931	$466,134	$12,809,482	$-17,203
2021	$449,735	$373,621	$12,483,305	$76,114
2020	$589,654	$408,542	$12,403,720	$181,112
2019	$487,043	$495,677	$12,269,946	$-8,634
2018	$490,060	$422,137	$12,295,043	$67,923

Trumbull Housing Development Corporation