STARVED ROCK HOMES DEVELOPMENT CORP (EIN 362903123) - 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

1990

Legal Domicile

Principal Officer

ED BIGGINS

Phone

8154340380

Tax Period

2024-01-01 to 2024-12-31

STARVED ROCK HOMES DEVELOPMENT CORP, founded in 1990, is a small nonprofit that reported $446K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $325K, a strong 73% operating margin.

Mission

THE MISSION OF STARVED ROCK HOMES DEVELOPMENT CORPORATION (SRHDC) IS TO DEVELOP PARTNERSHIPS IN BOTH THE PUBLIC AND PRIVATE SECTORS FOR THE DEVELOPMENT OF QUALITY, AFFORDABLE HOUSING THOUGHOUT LASALLE COUNTY. THROUGH ITS PARTNERSHIPS WITH LOCAL COMMUNITIES, DEVELOPERS, AND THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY, SRHDC THRIVES TO MEET THE CURRENT HOUSING NEEDS FOR THE RESIDENTS OF LASALLE COUNTY WHILE ALSO KEEPING AN EYE ON WHAT THE FUTURE HOUSING NEEDS WILL BE.

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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 $179,039

Investment Income $34,294

Other Revenue $233,002

TOTAL REVENUE $446,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,402

Fundraising Expenses $0

Program Expenses $11,371

Other Expenses $51,883

TOTAL EXPENSES $121,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,335	$397,318	+0.1%
Expenses	$121,285	$105,827	+0.1%
Net Income	$325,050	$291,491	+0.1%

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

$137,136

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BIGGINS	SECRETARY/TR	3.00	Officer	$6,737	$34,939	$137,136
ED ABERNATHY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DANIEL AUSSEM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CROWLEY	PRESIDENT	2.00	Officer 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	$446,335	$121,285	$1,667,642	$325,050
2023	$397,318	$105,827	$1,342,044	$291,491
2022	$226,428	$107,249	$1,052,677	$119,179
2021	$276,150	$93,171	$925,888	$182,979
2020	$194,242	$103,238	$885,978	$91,004
2019	$156,038	$90,045	$924,826	$65,993
2018	$301,881	$262,762	$862,836	$39,119

STARVED ROCK HOMES DEVELOPMENT CORP