DISTRICT ELDERLY HOUSING DEVELOPMENT CORPORATION (EIN 570715439) - 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

1981

Legal Domicile

Principal Officer

HAROLD MURRAY JR

Phone

8038083966

Tax Period

2024-01-01 to 2024-12-31

DISTRICT ELDERLY HOUSING DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $583K in total revenue in fiscal year 2024. Expenses of $532K left a modest 9% surplus.

Mission

TO PROVIDE FOR LOWER INCOME ELDERLY OR HANDICAPPED FAMILIES AND PERSONS ON A NON-PROFIT BELOW COST BASIS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED OR HANDICAPPED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $342,208

Program Service Revenue $229,755

Investment Income $10,774

Other Revenue $0

TOTAL REVENUE $582,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,949

Other Expenses $531,602

TOTAL EXPENSES $531,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,737	$561,145	+0.0%
Expenses	$531,602	$467,076	+0.1%
Net Income	$51,135	$94,069	-0.5%

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
JANE ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BUSBY	DIRECTOR	0.50	Director	$0	$0	$0
BECKY DERRICK	DIRECTOR	0.50	Director	$0	$0	$0
IDA ENGLISH	TREASURER	0.50	Director	$0	$0	$0
CHRIS GUNNELS	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD MURRAY JR	PRESIDENT	0.50	Director	$0	$0	$0
VERNIE WILLIAMS	DIRECTOR	0.50	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	$582,737	$531,602	$1,079,312	$51,135
2023	$561,145	$467,076	$1,083,915	$94,069
2022	$539,602	$487,452	$1,070,219	$52,150
2021	$528,306	$434,614	$1,052,842	$93,692
2020	$538,219	$457,608	$1,027,975	$80,611
2019	$506,479	$487,212	$999,003	$19,267
2018	$502,469	$439,457	$1,025,606	$63,012

DISTRICT ELDERLY HOUSING DEVELOPMENT CORPORATION