FIRST BAPTIST HOUSING DEVELOPMENT CORPORATION (EIN 581620954) - 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

1985

Legal Domicile

Principal Officer

WIXIE STEPHENS

Phone

9107386043

Tax Period

2024-04-01 to 2025-03-31

FIRST BAPTIST HOUSING DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $330K in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY AND DISABLED 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 $229,712

Program Service Revenue $100,739

Investment Income $43

Other Revenue $0

TOTAL REVENUE $330,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,289

Fundraising Expenses $0

Program Expenses $240,393

Other Expenses $272,508

TOTAL EXPENSES $332,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,494	$321,156	+0.0%
Expenses	$332,797	$307,119	+0.1%
Net Income	$-2,303	$14,037	-1.2%

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	$330,494	$332,797	$1,104,175	$-2,303
2024	$321,156	$307,119	$1,202,021	$14,037
2023	$311,105	$307,993	$1,231,218	$3,112
2022	$297,954	$279,664	$1,277,238	$18,290
2021	$295,702	$273,628	$1,308,025	$22,074
2020	$294,483	$426,648	$1,334,892	$-132,165
2019	$287,428	$310,742	$1,474,508	$-23,314
2018	$348,547	$254,261	$1,511,757	$94,286

FIRST BAPTIST HOUSING DEVELOPMENT CORPORATION