WOODLAWN HOUSING DEVELOPMENT CORP

EIN: 363516785 501(c)(3)

CHICAGO, IL

Total Revenue
$3,510,035
Total Expenses
$1,017,099
Total Assets
$1,538,815
Net Assets
$1,521,715
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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
1987
Legal Domicile
IL
Principal Officer
DR LEON D FINNEY JR
Phone
7732885840
Tax Period
2019-01-01 to 2019-12-31

WOODLAWN HOUSING DEVELOPMENT CORP, founded in 1987, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2019. Revenue surged 263% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 71% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND DISABLED

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $673,254
Program Service Revenue $269,217
Investment Income $2,539,189
Other Revenue $28,375
TOTAL REVENUE $3,510,035

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,994
Fundraising Expenses $0
Program Expenses $973,817
Other Expenses $855,105
TOTAL EXPENSES $1,017,099

Year-over-Year Comparison

2019 2018 Change
Revenue $3,510,035 $968,195 +2.6%
Expenses $1,017,099 $1,018,192 0.0%
Net Income $2,492,936 $-49,997 -50.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
5
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR LEON D FINNEY JR CHAIRMAN 001.00
Officer
$0 $0 $0
LEON JACKSON DIRECTOR 001.00
Officer
$0 $0 $0
KRISTEN FINNEY - COOK DIRECTOR 001.00
Officer
$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
2019 $3,510,035 $1,017,099 $1,538,815 $2,492,936
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