HOUSING ASSISTANCE AND DEVELOPMENT SERVICES INC (EIN 611243324) - 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

1993

Legal Domicile

Principal Officer

DEBORAH WILLIAMS

Phone

2707964176

Tax Period

2023-09-01 to 2024-08-31

HOUSING ASSISTANCE AND DEVELOPMENT SERVICES INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $509K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $887K exceeded revenue, resulting in a 74% operating deficit.

Mission

HANDS IS A COMMUNITY BASED ORGANIZATION WHOSE MISSION IS TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW TO MODERATE INCOME FAMILIES AND TO REVITALIZE NEIGHBORHOODS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,872

Program Service Revenue $494,867

Investment Income $530

Other Revenue $5,418

TOTAL REVENUE $508,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $727,641

Fundraising Expenses $0

Program Expenses $576,285

Other Expenses $159,151

TOTAL EXPENSES $886,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,687	$5,255,212	-0.9%
Expenses	$886,792	$809,640	+0.1%
Net Income	$-378,105	$4,445,572	-1.1%

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

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

$182,329

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN PALMER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEBORAH WILLIAMS	CEO/ PRESIDENT/ SEC	40.00	Director	$182,329	$0	$182,329

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	$508,687	$886,792	$4,895,295	$-378,105
2023	$4,672,911	$809,640	$4,641,029	$3,863,271
2023	$5,255,212	$809,640	$5,223,330	$4,445,572
2022	$542,997	$637,308	$774,862	$-94,311
2021	$634,040	$549,540	$819,453	$84,500
2020	$762,142	$639,946	$491,397	$122,196
2020	$998,707	$639,946	$727,963	$358,761
2019	$444,398	$507,900	$405,925	$-63,502
2018	$620,842	$502,257	$434,199	$118,585

HOUSING ASSISTANCE AND DEVELOPMENT SERVICES INC