House of David Preservation Inc

EIN: 463631230 501(c)(3) Housing & Shelter

Kansas City, MO

Total Revenue
$7,025,573
Total Expenses
$7,000,675
Total Assets
$51,624,749
Net Assets
$10,359,308
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DC
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

Program Service Accomplishments

Program 1
Expenses: $6,622,310 Revenue: $1,547,304

Affordable HOUSING FOR THE ELDERLY, DISABLED AND Low income Persons and FAMILIES under Section 8, Section 202 and Section 811 of the National Housing Act.

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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%)

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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

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Governance

Voting Members
6
Independent Members
5
Employees
33
Volunteers
1

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
$31,200
Total Directors
6
$31,200
Key Employees
0
$0
Highest Compensated
0
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
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