HOUSING MANAGEMENT & DEVELOPMENT CO (EIN 460501764) - 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

2002

Legal Domicile

Principal Officer

TIM PRICE

Phone

8016275851

Tax Period

2024-01-01 to 2024-12-31

HOUSING MANAGEMENT & DEVELOPMENT CO, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $548K, a strong 36% operating margin.

Mission

TO ACQUIRE OR DEVELOP PROJECTS THAT WOULD SERVE FAMILIES AT OR BELOW 80 PERCENT OF THE AREA'S MEDIAN INCOME. THESE SITES WOULD BE IN THE FORM OF INDIVIDUAL HOMES AND/OR INDIVIDUAL APARTMENT UNITS THAT WOULD ACCOMPLISH THE PURPOSE OF PROVIDING AFFORDABLE HOUSING TO AID IN RELIEVING THE POOR AND DISTRESSED FAMILIES IN THE COMMUNITY.

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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 $1,485,278

Investment Income $29,685

Other Revenue $0

TOTAL REVENUE $1,514,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,829

Fundraising Expenses $0

Program Expenses $938,954

Other Expenses $774,647

TOTAL EXPENSES $966,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,514,963	$1,979,405	-0.2%
Expenses	$966,476	$941,309	+0.0%
Net Income	$548,487	$1,038,096	-0.5%

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
MARY CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
ERIC DEFRIES	CHAIR	N/A	Director	$0	$0	$0
BRANDEN HANSEN	DIRECTOR	N/A	Director	$0	$0	$0
WARD OGDEN	VICE CHAIR	N/A	Director	$0	$0	$0
JEREMY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
DANI WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
TIM PRICE	PRESIDENT	N/A	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	$1,514,963	$966,476	$7,724,877	$548,487
2023	$1,979,405	$941,309	$6,611,793	$1,038,096
2022	$895,545	$515,237	$4,463,221	$380,308
2021	$534,447	$311,574	$4,138,393	$222,873
2020	$284,036	$45,683	$2,477,198	$238,353
2019	$194,618	$57,120	$2,238,544	$137,498
2018	$265,977	$51,466	$2,100,830	$214,511

HOUSING MANAGEMENT & DEVELOPMENT CO