TRIANGLE HOUSING DEVELOPMENT CORPORATION (EIN 561052823) - 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

1980

Legal Domicile

Principal Officer

JIMMY PARKER

Phone

9199346066

Tax Period

2023-01-01 to 2023-12-31

TRIANGLE HOUSING DEVELOPMENT CORPORATION, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $120K in total revenue in fiscal year 2023. Expenses of $113K left a modest 5% surplus.

Mission

THE EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED INDIVIDUALS. THE SUBSIDIZED RENTALS FROM THE DEPT OF HOUSING AND URBAN DEVELOPMENT AND RURAL DEVELOPMENT MAKE THIS POSSIBLE.

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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 $52,644

Program Service Revenue $66,268

Investment Income $762

Other Revenue $0

TOTAL REVENUE $119,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,448

Other Expenses $113,368

TOTAL EXPENSES $113,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,674	$121,315	0.0%
Expenses	$113,368	$87,509	+0.3%
Net Income	$6,306	$33,806	-0.8%

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

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
LEE BYRD	SEC./TREAS.	N/A	Officer Director	$0	$0	$0
JIMMY PARKER	CHAIR	N/A	Officer Director	$0	$0	$0
STEVE STRICKLAND	VICE CHAIR	N/A	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	$119,674	$113,368	$184,057	$6,306
2022	$121,315	$87,509	$169,420	$33,806
2021	$119,224	$104,034	$140,980	$15,190
2020	$116,307	$109,017	$130,914	$7,290
2019	$112,632	$119,067	$130,540	$-6,435
2018	$90,284	$97,348	$144,890	$-7,064

TRIANGLE HOUSING DEVELOPMENT CORPORATION