FIRST BAPTIST HOUSING DEVELOPMENT … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

WIXIE STEPHENS

Phone

9107386043

Tax Period

2024-04-01 to 2025-03-31

FIRST BAPTIST HOUSING DEVELOPMENT CORPORATION II, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $221K in total revenue in fiscal year 2024. Expenses of $288K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

Program Service Accomplishments

Program 1

Expenses: $185,142 Revenue: $125,137

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

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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 $95,090

Program Service Revenue $125,137

Investment Income $721

Other Revenue $0

TOTAL REVENUE $220,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,535

Fundraising Expenses $0

Program Expenses $185,142

Other Expenses $228,084

TOTAL EXPENSES $287,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,948	$225,581	0.0%
Expenses	$287,619	$236,844	+0.2%
Net Income	$-66,671	$-11,263	+4.9%

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

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
WIXIE STEPHENS	CHAIR	1.00	Officer Director	$0	$0	$0
SHELBY FOYE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARION CARMICHAEL	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY COLE	MEMBER	1.00	Director	$0	$0	$0
PAUL MATTHEWS	MEMBER	1.00	Director	$0	$0	$0
VIVIAN BREEDEN	MEMBER	1.00	Director	$0	$0	$0
NOFFIE SAULTERS	MEMBER	1.00	Director	$0	$0	$0
WILLIAM EVANS	MEMBER	1.00	Director	$0	$0	$0
JAMES MCMILLIAN	MEMBER	1.00	Director	$0	$0	$0
KING EVANS	MEMBER	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	$220,948	$287,619	$1,260,652	$-66,671
2024	$225,581	$236,844	$1,336,812	$-11,263
2023	$221,517	$246,872	$1,360,698	$-25,355
2022	$206,663	$216,805	$1,404,908	$-10,142
2021	$205,316	$225,989	$1,442,469	$-20,673
2020	$181,747	$350,896	$1,483,500	$-169,149
2019	$163,221	$242,851	$1,582,917	$-79,630
2018	$301,850	$164,617	$1,634,475	$137,233

FIRST BAPTIST HOUSING DEVELOPMENT CORPORATION II