TOWNSEND HOME HOUSING DEVELOPMENT FUND COMPANY INC (EIN 472619608) - 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

ROBERT SEKOWSKI

Phone

3154241821

Tax Period

2023-01-01 to 2023-12-31

TOWNSEND HOME HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $456K in total revenue in fiscal year 2023. Expenses of $523K exceeded revenue, resulting in a 15% operating deficit.

Mission

LOW INCOME HOUSING PROJECT

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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 $391,475

Investment Income $6,960

Other Revenue $57,541

TOTAL REVENUE $455,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,827

Fundraising Expenses $0

Program Expenses $470,908

Other Expenses $471,682

TOTAL EXPENSES $522,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,976	$425,421	+0.1%
Expenses	$522,509	$536,705	0.0%
Net Income	$-66,533	$-111,284	-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

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
ROBERT SEKOWSKI	DIRECTOR/PRESIDENT/TREASUR	10.00	Officer Director	$0	$0	$0
WILLIAM DEMARIE	DIRECTOR/VP/SECRETARY	10.00	Officer Director	$0	$0	$0
KIMBERLY BERGER	DIRECTOR	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	$455,976	$522,509	$4,515,112	$-66,533
2022	$425,421	$536,705	$4,592,646	$-111,284
2021	$392,753	$443,977	$4,767,553	$-51,224
2020	$387,704	$443,128	$4,832,736	$-55,424
2019	$360,029	$458,867	$4,907,704	$-98,838
2018	$400,300	$434,100	$5,009,843	$-33,800

TOWNSEND HOME HOUSING DEVELOPMENT FUND COMPANY INC