LARGO AREA HOUSING DEVELOPMENT CORP C/O TBCDC (EIN 592355317) - 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

1983

Legal Domicile

Principal Officer

DALE PRUNOSKE

Phone

7274427075

Tax Period

2020-10-01 to 2021-09-30

LARGO AREA HOUSING DEVELOPMENT CORP C/O TBCDC, founded in 1983, is a micro nonprofit that reported $6K in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 1650% operating deficit.

Mission

AFFORDABLE HOUSING DEVELOPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $57,664

Program Service Revenue $5,000

Investment Income $0

Other Revenue $-56,761

TOTAL REVENUE $5,903

Expense Breakdown

Grants Paid $96,883

Salaries & Benefits $1,235

Fundraising Expenses $0

Program Expenses $99,173

Other Expenses $5,205

TOTAL EXPENSES $103,323

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,903	$8,364	-0.3%
Expenses	$103,323	$6,859	+14.1%
Net Income	$-97,420	$1,505	-65.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUKE TIEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEVERLY PLANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA HAYNES	TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE HINKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA KEMP	DIRECTOR	1.00	Director	$0	$0	$0
KATHIE WELLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN OLINGER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J FITZGERALD	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE LAURA	DIRECTOR	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
2021	$5,903	$103,323	No data	$-97,420
2020	$8,364	$6,859	$167,202	$1,505
2019	$9,498	$2,241	$105,400	$7,257

LARGO AREA HOUSING DEVELOPMENT CORP C/O TBCDC