ROCKFORD HOUSING DEVELOPMENT CORPORATION (EIN 363213518) - 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

1981

Legal Domicile

Principal Officer

JERRY LUMPKINS

Phone

8152887777

Tax Period

2023-10-01 to 2024-09-30

ROCKFORD HOUSING DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2017. Expenses of $2.0M left a modest 11% surplus.

Mission

ROCKFORD HOUSING DEVELOPMENT CORPORATION REHABILITATES AND PROVIDES LOW-INCOME HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $199,864

Other Revenue $1,120

TOTAL REVENUE $200,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $274,973

Other Expenses $332,733

TOTAL EXPENSES $332,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,984	$79,912	+1.5%
Expenses	$332,733	$487,086	-0.3%
Net Income	$-131,749	$-407,174	-0.7%

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
JERRY LUMPKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHYLLIS GINESTRA	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
CHANDLER ANDERSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
RON CLEWER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTESHA BROWN	DIRECTOR	1.00	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	$200,984	$332,733	$5,047,356	$-131,749
2023	$79,912	$487,086	$5,179,105	$-407,174
2022	$4,825	$509,456	$5,586,279	$-504,631
2021	$5,193	$361,024	$6,090,910	$-355,831
2020	$6,908,564	$1,286,792	$6,446,741	$5,621,772
2019	$2,226,218	$1,948,242	$1,782,523	$277,976
2018	$2,201,599	$1,962,753	$1,709,366	$238,846

ROCKFORD HOUSING DEVELOPMENT CORPORATION