HOUSING OPPORTUNITY DEVELOPMENT CORP (EIN 363237455) - 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

1983

Legal Domicile

Principal Officer

WILLIAM SHOLTEN

Phone

8475642900

Tax Period

2023-01-01 to 2023-12-31

HOUSING OPPORTUNITY DEVELOPMENT CORP, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Net assets of $10.9M represent 57 months of operating reserves.

Mission

TO PROVIDE LOW-COST AND/OR RENT SUBSIDIZED HOUSING TO LOW/MODERATE INCOME CITIZENS IN THE NORTH SUBURBAN COMMUNITIES OF CHICAGO IN COOK AND LAKE COUNTIES, ILLINOIS

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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 $578,753

Program Service Revenue $1,330,829

Investment Income $189,609

Other Revenue $208,628

TOTAL REVENUE $2,307,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,670,453

Fundraising Expenses $54,029

Program Expenses $2,304,697

Other Expenses $862,325

TOTAL EXPENSES $2,532,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,307,819	$2,194,923	+0.1%
Expenses	$2,532,778	$2,116,806	+0.2%
Net Income	$-224,959	$78,117	-3.9%

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

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

$181,186

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OTIS GATLIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY A GEARY	TREASURER	1.00	Director	$0	$0	$0
DEDE KELLER	DIRECTOR	1.00	Director	$0	$0	$0
DELISA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JACK KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
CHEALON ANN SHEARS	DIRECTOR	1.00	Director	$0	$0	$0
JON TEUBER	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY ZIMELIS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HOMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH KACZMARSKI	DIRECTOR	1.00	Director	$0	$0	$0
LAKEYSHA D GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
PHALECIA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM A SHOLTEN III	PRESIDENT	1.00	Officer	$0	$0	$0
KATHLEEN CORTEZ	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL CORNELL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT J RODRIGUEZ	TREASURER	1.00	Officer	$0	$0	$0
KRISTIN A BERG	SECRETARY	1.00	Officer	$0	$0	$0
RICHARD KOENIG	EXECUTIVE DIRECTOR	40.00	Key Emp	$181,186	$0	$181,186

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	No data	No data	No data	No data
2023	$2,307,819	$2,532,778	$18,274,739	$-224,959
2022	$2,194,923	$2,116,806	$15,916,660	$78,117
2021	$3,410,653	$2,381,431	$15,917,174	$1,029,222
2020	$3,435,180	$1,920,514	$14,875,131	$1,514,666

HOUSING OPPORTUNITY DEVELOPMENT CORP