HAVEN TOWERS DEVELOPMENT CORPORATION (EIN 364282964) - 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

2003

Legal Domicile

Principal Officer

ARLISHA KENNEDY

Phone

3122349400

Tax Period

2022-07-01 to 2023-06-30

HAVEN TOWERS DEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2017.

Mission

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 (2022)

Revenue Breakdown

Contributions & Grants $791,062

Program Service Revenue $333,040

Investment Income $9,499

Other Revenue $3,746

TOTAL REVENUE $1,137,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,790

Fundraising Expenses $0

Program Expenses $1,039,616

Other Expenses $980,950

TOTAL EXPENSES $1,313,740

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,137,347	$1,108,596	+0.0%
Expenses	$1,313,740	$1,199,456	+0.1%
Net Income	$-176,393	$-90,860	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLISHA KENNEDY	PRESIDENT	0.50	Officer Director	$0	$0	$0
DR DERRIUS COLVIN	DIRECTOR	0.50	Director	$0	$0	$0
ANN WILLIAMS	SECRETARY	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,137,347	$1,313,740	$6,164,542	$-176,393
2022	$1,108,596	$1,199,456	$6,328,813	$-90,860
2021	$1,103,686	$1,113,571	$6,430,116	$-9,885
2020	$1,049,768	$1,050,837	$6,470,800	$-1,069
2019	$1,016,050	$1,131,939	$6,522,466	$-115,889
2018	$1,024,031	$1,005,178	$6,549,290	$18,853

HAVEN TOWERS DEVELOPMENT CORPORATION