HM Housing Development Corporation

EIN: 341938397 501(c)(3)

Cuyahoga Falls, OH

Total Revenue
$92,146
Total Expenses
$124,625
Total Assets
N/A
Net Assets
N/A
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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
OH
Principal Officer
FRED BERRY
Phone
3303841555
Tax Period
2018-07-01 to 2019-06-30

HM Housing Development Corporation, founded in 1997, is a micro nonprofit that reported $92K in total revenue in fiscal year 2018. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 35% operating deficit.

Mission

FAITH HOUSE PROMOTES AND STRENGTHENS THE SELF-SUFFICIENCY OF INDIVIDUALS AND FAMILIES, ESPECIALLY THE POOR.

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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 (2018)

Revenue Breakdown

Contributions & Grants $76,550
Program Service Revenue $15,596
Investment Income $0
Other Revenue $0
TOTAL REVENUE $92,146

Expense Breakdown

Grants Paid $533
Salaries & Benefits $21,481
Fundraising Expenses $138
Program Expenses $88,800
Other Expenses $102,611
TOTAL EXPENSES $124,625

Year-over-Year Comparison

2018 2017 Change
Revenue $92,146 $328,509 -0.7%
Expenses $124,625 $324,416 -0.6%
Net Income $-32,479 $4,093 -8.9%
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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$92,515
Total Directors
5
$92,515
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD DICKINSON CHAIR 1.0
Officer Director
$0 $0 $0
JOAN HANSON TRUSTEE 1.0
Director
$0 $0 $0
FRED BERRY President 11.0
Officer Director
$0 $0 $92,515
DOROTHY DICKINSON TRUSTEE 1.0
Director
$0 $0 $0
KERI ABEL TRUSTEE 1.0
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
2019 $92,146 $124,625 No data $-32,479
2018 $328,509 $324,416 $1,572,714 $4,093
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