WILMINGTON HOUSING FINANCE & DEVELOPMENT INC (EIN 581492427) - 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

1982

Legal Domicile

Principal Officer

BETTY BISBEE

Phone

9107625004

Tax Period

2021-07-01 to 2022-06-30

WILMINGTON HOUSING FINANCE & DEVELOPMENT INC, founded in 1982, is a small nonprofit that reported $317K in total revenue in fiscal year 2021. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $299K left a modest 6% surplus.

Mission

TO PROVIDE FUNDS AND ASSISTANCE FOR THE PURCHASE, ACQUISTION, IMPROVEMENT, RENOVATION, AND SALE OF MODERATE AND LOW-INCOME HOUSING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $317,059

Investment Income $49

Other Revenue $0

TOTAL REVENUE $317,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,697

Fundraising Expenses $0

Program Expenses $255,201

Other Expenses $116,252

TOTAL EXPENSES $298,949

Year-over-Year Comparison

	2021	2020	Change
Revenue	$317,108	$703,166	-0.5%
Expenses	$298,949	$279,530	+0.1%
Net Income	$18,159	$423,636	-1.0%

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

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

$60,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN FINIFF	ACTING CHAIR	1.00	Officer Director	$0	$0	$0
DENVER BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HYATT	DIRECTOR	1.00	Director	$0	$0	$0
PAM KESLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY STEELE JR	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BETTY R BISBEE	EXECUTIVE DIRECTOR	40.00	Officer	$60,008	$0	$60,008

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	$317,108	$298,949	$1,514,511	$18,159
2021	$703,166	$279,530	$1,508,814	$423,636
2020	$364,560	$290,122	$1,098,280	$74,438
2019	$325,354	$303,188	$1,038,813	$22,166
2018	$342,742	$273,794	$1,028,985	$68,948

WILMINGTON HOUSING FINANCE & DEVELOPMENT INC