Western Reserve Housing Development Corporation (EIN 341953818) - 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

2001

Legal Domicile

Phone

3303691533

Tax Period

2024-07-01 to 2025-06-30

Western Reserve Housing Development Corporation, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $325K in total revenue in fiscal year 2024. The organization ran a surplus of $66K, a strong 20% operating margin.

Mission

To promote and advance decent, safe, and sanitary housing for persons of low income, and particularity the elderly or infirm, and to act as the instrumentality of the Trumbull MHA to construct 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 $82,779

Program Service Revenue $227,708

Investment Income $13,044

Other Revenue $1,270

TOTAL REVENUE $324,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,209

Fundraising Expenses $0

Program Expenses $258,813

Other Expenses $257,604

TOTAL EXPENSES $258,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,801	$332,714	0.0%
Expenses	$258,813	$475,645	-0.5%
Net Income	$65,988	$-142,931	-1.5%

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
Ronda L Bonekovic	President	0.50	Officer Director	$0	$0	$0
Rev Darryl L Rodgers Sr	Vice President	0.50	Officer Director	$0	$0	$0
Gloria J Gray	Secretary-Treasurer	0.50	Officer Director	$0	$0	$0
John A Guarnieri	Trustee	0.50	Director	$0	$0	$0
Gilbert L Reiger	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	$324,801	$258,813	$4,013,336	$65,988
2024	$332,714	$475,645	$4,068,078	$-142,931
2023	$260,336	$392,029	$4,663,591	$-131,693
2022	$462,706	$292,936	$4,607,563	$169,770
2021	$266,064	$111,322	$4,013,970	$154,742
2020	$277,001	$342,250	$4,136,081	$-65,249
2019	$382,642	$286,551	$4,288,799	$96,091

Western Reserve Housing Development Corporation