Housing Alternatives Development Company (EIN 411670818) - 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

1997

Legal Domicile

Principal Officer

Paul Abzug

Phone

9524731103

Tax Period

2024-04-01 to 2025-03-31

Housing Alternatives Development Company, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $9.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.9M, a strong 20% operating margin.

Mission

Owns, manages, and operates low to moderate income housing and senior 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 (2024)

Revenue Breakdown

Contributions & Grants $450

Program Service Revenue $7,392,699

Investment Income $1,910,229

Other Revenue $0

TOTAL REVENUE $9,303,378

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $4,067,870

Fundraising Expenses $0

Program Expenses $6,441,739

Other Expenses $3,340,165

TOTAL EXPENSES $7,409,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,303,378	$9,225,828	+0.0%
Expenses	$7,409,135	$7,042,514	+0.1%
Net Income	$1,894,243	$2,183,314	-0.1%

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

192

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

$403,149

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Geissler	Chairman	1.50	Officer Director	$12,000	$0	$12,000
Brian Weisberg	Treasurer	1.50	Officer Director	$12,000	$0	$12,000
William Hyers	Secretary	1.50	Officer Director	$12,000	$0	$12,000
Paul Abzug	CEO/President	45.00	Officer	$344,562	$22,587	$367,149
Shauna Johnson	Administration/HR	40.00	Highest	$180,299	$5,802	$186,101
Julie Jones	Clinical Nurse Supervisor	40.00	Highest	$108,256	$13,880	$122,136
Terri Langevin	Assisted Living Director	40.00	Highest	$116,664	$3,462	$120,126

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	$9,303,378	$7,409,135	$22,712,514	$1,894,243
2024	$9,225,828	$7,042,514	$22,508,185	$2,183,314
2023	$6,256,124	$6,469,837	$19,988,428	$-213,713
2022	$6,818,305	$6,525,877	$21,981,547	$292,428
2021	$5,757,686	$6,162,372	$23,200,988	$-404,686
2020	$5,221,993	$5,348,958	$20,723,906	$-126,965
2019	$4,480,116	$4,982,705	$22,139,960	$-502,589
2018	$3,439,313	$4,063,127	$23,054,317	$-623,814

Housing Alternatives Development Company