House of David Preservation Inc (EIN 463631230) - 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

2013

Legal Domicile

Principal Officer

Rabbi Israel Wilhelm

Phone

8168613829

Tax Period

2023-10-01 to 2024-09-30

House of David Preservation Inc, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $7.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

The organization provides affordable HOUSING FOR THE ELDERLY, DISABLED AND Low income Persons and FAMILIES

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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 $5,262,882

Program Service Revenue $1,547,304

Investment Income $215,387

Other Revenue $0

TOTAL REVENUE $7,025,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,459,974

Fundraising Expenses $0

Program Expenses $6,622,310

Other Expenses $5,540,701

TOTAL EXPENSES $7,000,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,025,573	$5,938,014	+0.2%
Expenses	$7,000,675	$6,607,544	+0.1%
Net Income	$24,898	$-669,530	-1.0%

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

Employees

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

$31,200

Total Directors

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rabbi Israel Wilhelm	President	2.0	Officer Director	$30,000	$1,200	$31,200
Rabbi Abraham Lapine	Vice President	2.0	Director	$0	$0	$0
Rabbi Levi Brook	Treasurer	2.0	Director	$0	$0	$0
Deborah Friedman	SECRETARY	2.0	Director	$0	$0	$0
William Franklyn Richardson	Director	2.0	Director	$0	$0	$0
Russell Grundhauser	Director	2.0	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	$7,025,573	$7,000,675	$51,624,749	$24,898
2023	$5,938,014	$6,607,544	$50,756,751	$-669,530
2022	$10,935,797	$6,494,282	$50,434,803	$4,441,515
2021	$5,021,226	$6,862,058	$38,466,144	$-1,840,832
2020	$6,274,861	$4,376,912	$35,028,951	$1,897,949
2019	$1,997,138	$2,070,991	$17,517,157	$-73,853
2018	$2,077,878	$1,923,007	$18,183,088	$154,871

House of David Preservation Inc