INTERFAITH HOUSING DEVELOPMENT CORPORATION OF HICKORY (EIN 561354134) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

MIKE WATKINS

Phone

8284550406

Tax Period

2022-01-01 to 2022-12-31

INTERFAITH HOUSING DEVELOPMENT CORPORATION OF HICKORY, founded in 1982, is a micro nonprofit in the Housing & Shelter sector that reported $78K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 32% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING TO DISADVANTAGED INDIVIDUALS. WORKING IN CONJUNCTION WITH THE CITY OF HICKORY TO APPROVE APPLICATIONS FOR HOUSING AND DOWN-PAYMENT ASSTANCE IN THE ECONOMICALLY DISADVANTAGED RIDGEVIEW AREA OF THE CITY OF HICKORY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $77,597

Investment Income $0

Other Revenue $0

TOTAL REVENUE $77,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,913

Other Expenses $52,512

TOTAL EXPENSES $52,512

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,597	$67,696	+0.1%
Expenses	$52,512	$52,337	+0.0%
Net Income	$25,085	$15,359	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MICHAEL WATKINS	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID ROBERTS	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
ANTONIO LOGAN	PRESIDENT	3.00	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
2022	$77,597	$52,512	$294,430	$25,085
2021	$67,696	$52,337	$291,629	$15,359

INTERFAITH HOUSING DEVELOPMENT CORPORATION OF HICKORY