CHICAGO DWELLINGS ASSOCIATION (EIN 366109056) - 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

1948

Legal Domicile

Principal Officer

CHRISTINE OLIVER

Phone

6307896710

Tax Period

2023-01-01 to 2023-12-31

CHICAGO DWELLINGS ASSOCIATION, founded in 1948, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 53% operating deficit.

Mission

CDA PROVIDES AFFORDABLE HOUSING AND SUPPORT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS ,FAMILIES AND ELDERLY. PROPERTIES INCLUDE HUD REGULATED THROUGHOUT THE CITY OF CHICAGO.

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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 $2,337,065

Investment Income $615,637

Other Revenue $5,362

TOTAL REVENUE $2,958,064

Expense Breakdown

Grants Paid $51,100

Salaries & Benefits $1,260,312

Fundraising Expenses $0

Program Expenses $4,134,579

Other Expenses $3,204,719

TOTAL EXPENSES $4,516,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,958,064	$2,167,335	+0.4%
Expenses	$4,516,131	$4,704,920	0.0%
Net Income	$-1,558,067	$-2,537,585	-0.4%

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

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

$377,396

Total Directors

$377,396

Key Employees

$100,144

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE OLIVER	PRESIDENT	50.00	Officer Director	$377,396	$0	$377,396
STANLEY L DAVIS	CHAIRMAN	20.00	Officer Director	$0	$0	$0
REVEREND DAVID COLEMAN	SECRETARY/DIRECTOR	4.00	Officer Director	$0	$0	$0
RAMARA VASSEL	DIRECTOR OF PROPERTY MANAGEMENT	15.00	Key Emp	$100,144	$0	$100,144

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	$2,958,064	$4,516,131	$23,151,520	$-1,558,067
2022	$2,167,335	$4,704,920	$23,151,103	$-2,537,585
2021	$2,030,394	$4,284,176	$23,749,011	$-2,253,782
2020	$2,678,838	$4,550,070	$24,990,791	$-1,871,232
2019	$29,782,738	$6,116,060	$25,689,473	$23,666,678

CHICAGO DWELLINGS ASSOCIATION