Housing Development Corporation of SWFL Inc (EIN 383695928) - 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

Michael Puchalla

Phone

2394342397

Tax Period

2023-10-01 to 2024-09-30

Housing Development Corporation of SWFL Inc, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $419K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

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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 $167,179

Program Service Revenue $229,129

Investment Income $3

Other Revenue $22,464

TOTAL REVENUE $418,775

Expense Breakdown

Grants Paid $13,205

Salaries & Benefits $300,284

Fundraising Expenses $0

Program Expenses $332,131

Other Expenses $95,930

TOTAL EXPENSES $409,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,775	$446,446	-0.1%
Expenses	$409,419	$339,957	+0.2%
Net Income	$9,356	$106,489	-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

N/A

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

$130,388

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J PUCHALLA	CEO/EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$0	$0	$107,500
AURORA WELLS	CFO	40.00	Key Emp	$0	$0	$22,888
FRANCES RIBOT	PRESIDENT	1.00	Director	$0	$0	$0
MATT PAUL	VICE PRESIDENT	1.00	Director	$0	$0	$0
TARA FEDORKO	TREASURER	1.00	Director	$0	$0	$0
SUSAN GOLDEN	SECRETARY	1.00	Director	$0	$0	$0
DOTTIE COOK	DIRECTOR	1.00	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	$418,775	$409,419	$171,470	$9,356
2023	$446,446	$339,957	$136,231	$106,489
2022	$291,135	$337,005	$47,119	$-45,870
2021	$362,357	$306,592	$77,602	$55,765
2020	$255,272	$272,923	$27,268	$-17,651
2019	$209,553	$295,359	$40,073	$-85,806
2018	$372,637	$323,120	$135,707	$49,517

Housing Development Corporation of SWFL Inc