TOLEDO HOUSING CORPORATION (EIN 451480958) - 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

2011

Legal Domicile

Principal Officer

DOUGLAS A WILKINS

Phone

4192463777

Tax Period

2024-01-01 to 2024-12-31

TOLEDO HOUSING CORPORATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $342K exceeded revenue, resulting in a 147% operating deficit.

Mission

TOLEDO HOUSING CORPORATION WAS FORMED IS TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW-INCOME FAMILIES IN THE TOLEDO, OHIO, AREA.

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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 $75,944

Investment Income $62,784

Other Revenue $0

TOTAL REVENUE $138,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,984

Other Expenses $342,451

TOTAL EXPENSES $342,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,728	$83,034	+0.7%
Expenses	$342,451	$19,732	+16.4%
Net Income	$-203,723	$63,302	-4.2%

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
DOUGLAS WILKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL O'NEILL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STACEY FINEBERG	SECRETARY	1.00	Officer 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	$138,728	$342,451	$14,948,587	$-203,723
2023	$83,034	$19,732	$15,206,671	$63,302
2022	$319,819	$133,284	$11,553,369	$186,535
2021	$740,490	$70,392	$4,709,415	$670,098
2020	$358,057	$11,473	$4,333,753	$346,584
2019	$1,064,100	$46,004	$3,987,078	$1,018,096
2018	$73,285	$2,331,907	$3,044,241	$-2,258,622

TOLEDO HOUSING CORPORATION