HOUSING DEVELOPMENT CORPORATION (EIN 470772308) - 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

1993

Legal Domicile

Principal Officer

MICHELLE CALLAHAN

Phone

4024618704

Tax Period

2023-01-01 to 2023-12-31

HOUSING DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $288K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $662K exceeded revenue, resulting in a 130% operating deficit.

Mission

HOUSING DEVELOPMENT CORPORATION IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION 'CHDO.' HDC'S MISSION IS TO ASSIST LOW TO MODERATE INCOME HOUSEHOLDS TO OBTAIN AND MAINTAIN SAFE AND AFFORABLE HOUSING WITHIN THE COUNTIES OF ADAMS, CLAY, HALL, NUCKOLLS, AND WEBSTER COUNTIES.

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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 $56,499

Program Service Revenue $173,491

Investment Income $7,406

Other Revenue $51,097

TOTAL REVENUE $288,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,886

Fundraising Expenses $0

Program Expenses $635,644

Other Expenses $549,333

TOTAL EXPENSES $662,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,493	$516,470	-0.4%
Expenses	$662,219	$415,298	+0.6%
Net Income	$-373,726	$101,172	-4.7%

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

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
TRISHA ALLEN	BOARD VICE C	1.00	Officer Director	$0	$0	$0
LAURA BURKHOLDER	TREASURER	1.00	Officer Director	$0	$0	$0
FREDDY GABRIEL	MEMBER	1.00	Director	$0	$0	$0
HAROLD KING	MEMBER	1.00	Director	$0	$0	$0
RACHELLE LIPKER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS SCHICK	MEMBER	1.00	Director	$0	$0	$0
MARSHA SUKUP	MEMBER	1.00	Director	$0	$0	$0
MARIAN TURNER	SECRETARY	1.00	Officer 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	$288,493	$662,219	$5,390,361	$-373,726
2022	$516,470	$415,298	$5,931,043	$101,172
2021	$307,273	$359,950	$5,841,837	$-52,677
2020	$340,487	$398,128	$5,931,923	$-57,641

HOUSING DEVELOPMENT CORPORATION