HEAL DEVELOPMENT CORPORATION

EIN: 341767141 501(c)(3) Human Services

YOUNGSTOWN, OH

Total Revenue
$134,959
Total Expenses
$149,661
Total Assets
$553,666
Net Assets
$-768,690
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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
OH
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.

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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%)

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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

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Governance

Voting Members
15
Independent Members
15
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
6
$229,988
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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