TB HOUSING DEVELOPMENT FUND COMPANY INC (EIN 455562018) - 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

2012

Legal Domicile

Principal Officer

MICHAEL RIEGEL

Phone

7168842358

Tax Period

2022-07-01 to 2023-06-30

TB HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $277K in total revenue in fiscal year 2022. Expenses of $451K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS OF LOW INCOME WITH SAFE, SANITARY AND AFFORDABLE HOUSING FACILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $268,450

Investment Income $22

Other Revenue $8,036

TOTAL REVENUE $276,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,840

Fundraising Expenses $0

Program Expenses $430,570

Other Expenses $372,365

TOTAL EXPENSES $451,205

Year-over-Year Comparison

	2022	2021	Change
Revenue	$276,508	$283,719	0.0%
Expenses	$451,205	$468,755	0.0%
Net Income	$-174,697	$-185,036	-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

N/A

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

$375,302

Total Directors

$214,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HUCKABONE	BOARD MEMBER/BOARD PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL RIEGEL	BOARD MEMBER/BOARD VP AND SECRETARY	0.50	Officer Director	$0	$22,675	$214,003
SEAN MCKINNIE	BOARD MEMBER/BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
AARON HEJMOWSKI	CFO	1.00	Officer	$0	$23,006	$161,299

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$276,508	$451,205	$5,644,284	$-174,697
2022	$283,719	$468,755	$5,864,769	$-185,036
2021	$301,498	$417,567	$6,011,222	$-116,069
2020	$286,494	$446,784	$6,121,216	$-160,290
2019	$283,451	$457,070	$6,278,425	$-173,619
2018	$284,804	$423,604	$6,463,751	$-138,800

TB HOUSING DEVELOPMENT FUND COMPANY INC