WAYLAND HOUSING CORPORATION (EIN 421150457) - 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

1980

Legal Domicile

Principal Officer

BARRY LEICHTY

Phone

3195309886

Tax Period

2024-01-01 to 2024-12-31

WAYLAND HOUSING CORPORATION, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $227K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 27% operating margin.

Mission

TO PROVIDE LOW RENT HOUSING TO THE ELDERLY THROUGH USDA RURAL DEVELOPMENT LOANS AND OTHER SUBSIDIES.

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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 $0

Program Service Revenue $226,477

Investment Income $240

Other Revenue $190

TOTAL REVENUE $226,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,759

Other Expenses $165,610

TOTAL EXPENSES $165,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,907	$158,315	+0.4%
Expenses	$165,610	$176,894	-0.1%
Net Income	$61,297	$-18,579	-4.3%

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
JIM FREYENBERGER	DIRECTOR	001.00	Director	$0	$0	$0
LARRY GUGEL	DIRECTOR	001.00	Director	$0	$0	$0
JEREMY CARTER	DIRECTOR	001.00	Director	$0	$0	$0
KAREN TAGLAUER	DIRECTOR	001.00	Director	$0	$0	$0
BARRY LEICHTY	PRESIDENT	001.00	Officer	$0	$0	$0
DEBORAH ROTH	VICE PRESIDENT	001.00	Officer	$0	$0	$0
JANICE WENGER	SECRETARY	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
2024	$226,907	$165,610	$414,076	$61,297
2023	$158,315	$176,894	$419,641	$-18,579
2022	$162,559	$132,908	$437,183	$29,651
2021	$140,670	$135,246	$433,589	$5,424
2020	$207,264	$181,343	$442,993	$25,921
2019	$232,748	$234,611	$455,242	$-1,863
2018	$221,620	$213,656	$469,816	$7,964

WAYLAND HOUSING CORPORATION