HEAL DEVELOPMENT CORPORATION

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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

1994

Legal Domicile

Principal Officer

LAWRENCE MOLITERNO

Phone

3307970070

Tax Period

2025-01-01 to 2025-12-31

HEAL DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Human Services sector that reported $135K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $150K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE DISABLED.

Program Service Accomplishments

Program 1

Expenses: $120,592 Revenue: $37,264

TO PROVIDE DISABLED PERSONS WITH HOUSING AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR USEFULNESS IN LIVING LONGER. THE PROJECT CONSISTS OF 13 UNITS.

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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 $97,687

Program Service Revenue $37,234

Investment Income $8

Other Revenue $30

TOTAL REVENUE $134,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,974

Fundraising Expenses $0

Program Expenses $120,592

Other Expenses $125,687

TOTAL EXPENSES $149,661

Year-over-Year Comparison

	2025	2024	Change
Revenue	$134,959	$114,889	+0.2%
Expenses	$149,661	$161,631	-0.1%
Net Income	$-14,702	$-46,742	-0.7%

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

$229,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID STAUFFER THRU 0625	TREASURER	0.50	Officer Director	$0	$0	$0
CYNTHIA M CERIMELE	SECRETARY	0.50	Officer Director	$0	$0	$0
BILL WITTMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH R MANCINO	BOARD MEMBER	0.50	Director	$0	$0	$0
TODD HOGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM M PADISAK	PRESIDENT	0.50	Officer Director	$0	$0	$0
TRACIE L SCHMIDT ESQ	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES FORD	BOARD MEMBER	0.50	Director	$0	$0	$0
ROD STRICHEK	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DR JOHN HAZY	BOARD MEMBER	0.50	Director	$0	$0	$0
REV LEWIS W MACKLIN II	BOARD MEMBER	0.50	Director	$0	$0	$0
DERICK YOUNG	BOARD MEMBER	0.50	Director	$0	$0	$0
BARRY FRANKS	BOARD MEMBER	0.50	Director	$0	$0	$0
COURTNEY WAMBACH	BOARD MEMBER	0.50	Director	$0	$0	$0
DANTE PENZA AS OF 1125	TREASURER	0.50	Officer Director	$0	$0	$0
RON ZOLDAN AS OF 0125	BOARD MEMBER	0.50	Director	$0	$0	$0
LAWRENCE MOLITERNO	CEO	1.00	Officer	$0	$18,217	$229,988

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	$134,959	$149,661	$553,666	$-14,702
2024	No data	No data	No data	No data
2023	$119,538	$164,882	$606,892	$-45,344
2022	$127,409	$142,819	$636,670	$-15,410
2021	$118,398	$134,549	$665,960	$-16,151
2020	$115,395	$166,361	$694,422	$-50,966
2019	$120,881	$142,523	$728,904	$-21,642
2018	$108,990	$137,577	$761,347	$-28,587