HOUSING ASSISTANCE AND DEVELOPMENT SERVICES INC

EIN: 611243324 501(c)(3) Housing & Shelter

BOWLING GREEN, KY

Total Revenue
$508,687
Total Expenses
$886,792
Total Assets
$4,895,295
Net Assets
$4,828,870
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
KY
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.

Program Service Accomplishments

Program 1
Expenses: $432,214 Revenue: $375,214

PROVIDE HOUSING FOR LOW AND MODERATE INCOME PERSONS

Program 2
Expenses: $144,071 Revenue: $125,071

MAKE AVAILABLE RESOURCES TO HOUSING DEVELOPMENT CORPORATIONS AND ORGANIZATIONS TO FACILITATE THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME PERSONS

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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%)

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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

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Governance

Voting Members
2
Independent Members
2
Employees
9
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
1
$0
Total Directors
2
$182,329
Key Employees
0
$0
Highest Compensated
0
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
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