HOUSING RESOURCE DEVELOPMENT CORPO… - 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

1982

Legal Domicile

Principal Officer

DAVID MCDANIEL

Phone

4077408108

Tax Period

2024-10-01 to 2025-09-30

HOUSING RESOURCE DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $892K in total revenue in fiscal year 2024.

Mission

HOUSING RESOURCE DEVELOPMENT CORPORATION PROVIDES HOUSING FOR THE DISABLED.

Program Service Accomplishments

Program 1

Expenses: $788,561 Revenue: $761,456

HOUSING RESOURCE DEVELOPMENT CORPORATION PROVIDES LOW RENT APARTMENTS FOR 48 DISABLED FAMILIES UNDER SECTION 8 OF THE U.S. HOUSING ACT OF 1937.

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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 $0

Program Service Revenue $761,456

Investment Income $130,086

Other Revenue $0

TOTAL REVENUE $891,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,795

Fundraising Expenses $0

Program Expenses $788,561

Other Expenses $771,637

TOTAL EXPENSES $896,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$891,542	$878,864	+0.0%
Expenses	$896,432	$986,343	-0.1%
Net Income	$-4,890	$-107,479	-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

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
DAVID MCDANIEL	PRESIDENT	0.50	Officer Director	$0	$0	$0
THOMAS RALEIGH	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DOUGLAS LAWTON	SECRETARY	0.50	Officer Director	$0	$0	$0
EDWARD HOFMA	TREASURER	0.50	Officer Director	$0	$0	$0
BETSY MCKEEBY	DIRECTOR	0.50	Director	$0	$0	$0
ERIC WERRENRATH	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL K WARD	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
2025	$891,542	$896,432	$4,677,430	$-4,890
2024	$878,864	$986,343	$4,745,242	$-107,479
2023	$837,915	$670,079	$4,903,035	$167,836
2022	$699,233	$828,554	$4,672,555	$-129,321
2021	$653,145	$586,498	$1,731,003	$66,647
2020	$628,177	$574,186	$1,697,262	$53,991
2019	$611,811	$569,577	$1,690,821	$42,234
2018	$603,281	$529,582	$1,705,539	$73,699

HOUSING RESOURCE DEVELOPMENT CORPORATION