Warren Housing Development Corporation (EIN 346751071) - 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

1977

Legal Domicile

Phone

3303691533

Tax Period

2024-07-01 to 2025-06-30

Warren Housing Development Corporation, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 27% 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 act as the instrumentality of the Trumbull MHA to construct project usable for public housing purpose or the 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 $1,026,058

Program Service Revenue $582,484

Investment Income $1,169,769

Other Revenue $37,375

TOTAL REVENUE $2,815,686

Expense Breakdown

Grants Paid $149,800

Salaries & Benefits $518,286

Fundraising Expenses $0

Program Expenses $2,039,256

Other Expenses $1,391,422

TOTAL EXPENSES $2,059,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,815,686	$2,260,700	+0.2%
Expenses	$2,059,508	$1,514,564	+0.4%
Net Income	$756,178	$746,136	+0.0%

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
Gilbert L Riger	Vice President	0.50	Officer Director	$0	$0	$0
Gloria J Gray	Secretary	0.50	Director	$0	$0	$0
John A Guarnieri	Trustee	0.50	Director	$0	$0	$0
Rev Darryl L Rodgers Sr	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	$2,815,686	$2,059,508	$32,232,962	$756,178
2024	$2,260,700	$1,514,564	$31,489,010	$746,136
2023	$2,078,874	$2,210,587	$30,813,957	$-131,713
2022	$5,978,746	$1,218,059	$30,946,590	$4,760,687
2021	$1,591,734	$918,878	$25,980,358	$672,856
2020	$1,632,830	$1,280,089	$24,332,847	$352,741
2019	$3,647,587	$1,805,328	$23,586,363	$1,842,259

Warren Housing Development Corporation