HERMITAGE HOUSING DEVELPMENT CORPORATION INC (EIN 431054969) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

SHEREECE DEFREECE

Phone

4178406754

Tax Period

2025-01-01 to 2025-12-31

HERMITAGE HOUSING DEVELPMENT CORPORATION INC, founded in 1975, is a micro nonprofit that reported $77K in total revenue in fiscal year 2025. Expenses of $71K left a modest 8% surplus.

Mission

THE HOUSING DEVELOPMENT PROVIDES LOW COST APARTMENTS FOR THE ELDERLY AND DISABLED. THERE ARE 16 UNITS THAT ARE CONSISTENTLY FILLED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $74,669

Investment Income $1,953

Other Revenue $0

TOTAL REVENUE $76,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,400

Fundraising Expenses $0

Program Expenses $56,971

Other Expenses $59,239

TOTAL EXPENSES $70,639

Year-over-Year Comparison

	2025	2024	Change
Revenue	$76,622	$70,993	+0.1%
Expenses	$70,639	$69,389	+0.0%
Net Income	$5,983	$1,604	+2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$11,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEREECE DEFREECE	TREASURER AND MANAGER	5.0	Officer	$11,400	$0	$11,400
LARRY LIGHTFOOT	BOARD MEMBER	1.0	Director	$0	$0	$0
BILLY PITTS	BOARD MEMBER	1.0	Director	$0	$0	$0
MURL DARBY	BOARD MEMBER	1.0	Director	$0	$0	$0
ALLEN PERKINS	BOARD MEMBER	1.0	Director	$0	$0	$0
BOB ACKER	BOARD MEMBER	1.0	Director	$0	$0	$0
CHASE CRAWFORD	BOARD MEMBER	1.0	Director	$0	$0	$0
DON GINNINGS	SECRETARY	1.0	Officer	$0	$0	$0
ALAN MURRAY	PRESIDENT	1.0	Officer	$0	$0	$0
DON KOENIG	VICE PRESIDENT	1.0	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
2025	$76,622	$70,639	$138,453	$5,983
2024	$70,993	$69,389	$133,316	$1,604
2023	$74,369	$75,359	$132,463	$-990
2022	$74,267	$72,648	$134,177	$1,619
2021	$73,675	$63,999	$132,558	$9,676
2020	$72,064	$61,333	$123,553	$10,731
2019	$76,604	$61,725	$111,800	$14,879
2018	$72,559	$64,667	$98,404	$7,892

HERMITAGE HOUSING DEVELPMENT CORPORATION INC