UNIVERSAL HOUSING DEVELOPMENT CORP (EIN 352116811) - 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

2000

Legal Domicile

Principal Officer

DANIELLE TIPS

Phone

2603560500

Tax Period

2024-01-01 to 2024-12-31

UNIVERSAL HOUSING DEVELOPMENT CORP, founded in 2000, is a small nonprofit that reported $282K in total revenue in fiscal year 2024. Revenue surged 243% from the prior year, signaling strong growth momentum. Expenses of $755K exceeded revenue, resulting in a 167% operating deficit.

Mission

DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS, REGARDLESS OF ABILITIES WITH INCOME BELOW 80% AREA MEDIAN INCOME.

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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 $0

Program Service Revenue $37,695

Investment Income $244,577

Other Revenue $0

TOTAL REVENUE $282,272

Expense Breakdown

Grants Paid $711,380

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $740,915

Other Expenses $43,464

TOTAL EXPENSES $754,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,272	$82,280	+2.4%
Expenses	$754,844	$66,733	+10.3%
Net Income	$-472,572	$15,547	-31.4%

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

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
DANIELLE TIPS	EXECUTIVE DI	1.00	Officer	$0	$0	$0
MICHELLE BANKS	CFO	1.00	Officer	$0	$0	$0
JOEY SPIEGEL	CHAIR	1.00	Officer Director	$0	$0	$0
ANN MCPHERREN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIJA TROKIC	DIRECTOR	1.00	Director	$0	$0	$0
PAULA WHITING	DIRECTOR	1.00	Director	$0	$0	$0
JEN PICKARD	DIRECTOR	1.00	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
2024	$282,272	$754,844	No data	$-472,572

UNIVERSAL HOUSING DEVELOPMENT CORP