KEARNEY HOUSING DEVELOPMENT CORPORATION (EIN 470782317) - 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

1994

Legal Domicile

Principal Officer

JOYCE LIESKE

Phone

3082343000

Tax Period

2024-04-01 to 2025-03-31

KEARNEY HOUSING DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $303K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $135K, a strong 44% operating margin.

Mission

PROVIDE SUPPORTING SERVICES TO KEARNEY AREA INDIVIDUALS IN NEED.

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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 $200

Program Service Revenue $198,895

Investment Income $103,807

Other Revenue $0

TOTAL REVENUE $302,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,968

Fundraising Expenses $0

Program Expenses $168,267

Other Expenses $98,299

TOTAL EXPENSES $168,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,902	$384,884	-0.2%
Expenses	$168,267	$163,906	+0.0%
Net Income	$134,635	$220,978	-0.4%

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
SCOTT BENSON	Director	0.50	Director	$0	$0	$0
NIKKI HALL	Director	0.50	Director	$0	$0	$0
CHRISTINE GASPARI	Director	0.50	Director	$0	$0	$0
JOYCE LIESKE	President	0.50	Officer	$0	$0	$0
THOMAS WATSON	Vice President	0.50	Officer	$0	$0	$0
MAXINE LILLIS	SECRETARY/TREAS	0.50	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
2025	$302,902	$168,267	$1,716,001	$134,635
2024	$384,884	$163,906	$1,472,216	$220,978
2023	$188,558	$175,329	$1,384,726	$13,229
2022	$423,615	$168,303	$1,376,405	$255,312
2021	$204,152	$148,017	$1,109,918	$56,135
2020	$126,030	$112,094	$975,690	$13,936
2019	$123,838	$81,343	$917,045	$42,495

KEARNEY HOUSING DEVELOPMENT CORPORATION