HAPPINESS HOUSE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 463741084) - 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

2014

Legal Domicile

Principal Officer

DARRELL WHITBECK

Phone

3157896828

Tax Period

2023-01-01 to 2023-12-31

HAPPINESS HOUSE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $122K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $247K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PROVIDE PERSONS OF LOW INCOME, WHO MIGHT ALSO BE ELDERLY OR DISABLED PERSONS, WITH HOUSING FACILITIES AND RELATED SERVICES; THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 $0

Program Service Revenue $121,397

Investment Income $79

Other Revenue $290

TOTAL REVENUE $121,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,880

Fundraising Expenses $0

Program Expenses $226,065

Other Expenses $236,324

TOTAL EXPENSES $247,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,766	$330,515	-0.6%
Expenses	$247,204	$259,285	0.0%
Net Income	$-125,438	$71,230	-2.8%

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

$395,892

Total Directors

$395,892

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WALSH BOATFIELD	PRESIDENT (THRU 3/2023)	1.00	Officer Director	$0	$54,797	$198,500
DARRELL WHITBECK	PRESIDENT (EFFICTIVE 3/2023)	1.00	Officer Director	$0	$25,005	$197,392
ROY BEECHER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
EILEEN GAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CASE	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$121,766	$247,204	$3,319,927	$-125,438

HAPPINESS HOUSE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC