WILMINGTON HOUSING PARTNERSHIP (EIN 510320494) - 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

1989

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

WILMINGTON HOUSING PARTNERSHIP, founded in 1989, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 396% operating deficit.

Mission

TO COLLABORATE WITH SELECT PRIVATE, NON-PROFIT, AND GOVERNMENTAL ENTITIES TO INCREASE THE CITY OF WILMINGTONS AFFORDABLE HOUSING STOCK BY PROMOTING RENOVATION/REHABILITATION AND LIMITED NEW HOME CONSTRUCTION IN STATEGICALLY SELECTED AREAS WHILE SUPPORTING LOW TO MODERATE INCOME

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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 $9,500

Program Service Revenue $0

Investment Income $0

Other Revenue $45,706

TOTAL REVENUE $55,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $269,690

Other Expenses $274,057

TOTAL EXPENSES $274,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,206	$253,629	-0.8%
Expenses	$274,057	$465,270	-0.4%
Net Income	$-218,851	$-211,641	+0.0%

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

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
BRETT TAYLOR	MEMBER	1.00	Director	$0	$0	$0
TANYA WASHINGTON	MEMBER	1.00	Director	$0	$0	$0
RICHARD GESSNER	MEMBER	1.00	Director	$0	$0	$0
BOB WEIR	PRESIDENT	1.00	Director	$0	$0	$0
HERBERT INDEN	TREASURER	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
2025	No data	No data	No data	No data
2024	$55,206	$274,057	$1,144,513	$-218,851
2023	$253,629	$465,270	$1,148,205	$-211,641
2022	$677,462	$127,629	$945,086	$549,833
2021	$68,192	$152,167	$1,395,579	$-83,975
2020	$2,745,831	$382,623	$1,775,569	$2,363,208
2019	$837,993	$1,338,778	$2,679,210	$-500,785
2018	$1,585,690	$936,964	$7,995,748	$648,726

WILMINGTON HOUSING PARTNERSHIP