LIVONIA APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 453037447) - 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

JODY RUDIN

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

LIVONIA APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $841K in total revenue in fiscal year 2023. The organization ran a surplus of $495K, a strong 59% operating margin.

Mission

TO PROVIDE SUPPORTIVE HOUSING SERVICE.

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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 $841,198

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $841,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $346,640

Other Expenses $346,640

TOTAL EXPENSES $346,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$841,198	$841,198	N/A
Expenses	$346,640	$366,075	-0.1%
Net Income	$494,558	$475,123	+0.0%

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

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

$1,228,341

Total Directors

$1,228,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY RUDIN	CHAIRPERSON	0.50	Officer Director	$0	$35,108	$501,063
NIKANT OHRI	Treasurer	0.50	Officer Director	$0	$21,255	$401,959
Twiggy Rodriguez	Secretary	0.50	Officer Director	$0	$29,480	$325,319

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	No data	No data	No data	No data
2023	$841,198	$346,640	$12,993,723	$494,558
2022	$841,198	$366,075	$12,993,723	$475,123
2021	$841,198	$384,747	$12,993,723	$456,451
2020	$841,198	$402,684	$12,993,723	$438,514
2019	$841,198	$419,917	$12,993,723	$421,281
2018	$841,198	$436,473	$12,993,723	$404,725

LIVONIA APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION