HOUSING DEVELOPMENT ALLIANCE INC (EIN 611253346) - 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

Principal Officer

R SCOTT MCREYNOLDS

Tax Period

2024-07-01 to 2025-06-30

HOUSING DEVELOPMENT ALLIANCE INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 19% operating margin.

Mission

ESTABLISH AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS OF PERRY, KNOTT, BREATHITT AND LESLIE COUNTIES IN KENTUCKY VIA HOUSING FOR HOMELESS, RENTAL UNITS, HOME REPAIR, ENERGY EFFICIENCY RETROFITS, AND HOMEOWNERSHIP UNITS.

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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 $4,994,518

Program Service Revenue $6,072,974

Investment Income $14,359

Other Revenue $1,010,356

TOTAL REVENUE $12,092,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,256,576

Fundraising Expenses $49,037

Program Expenses $8,579,206

Other Expenses $6,499,338

TOTAL EXPENSES $9,755,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,092,207	$10,792,223	+0.1%
Expenses	$9,755,914	$10,475,050	-0.1%
Net Income	$2,336,293	$317,173	+6.4%

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

$178,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R SCOTT MCREYNOLDS	EXECUTIVE DI	40.00	Officer	$96,240	$0	$96,240
AMIE BEDWELL	CFO	40.00	Officer	$82,093	$0	$82,093
JOHNIE AKERS	BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN ALFANO	BOARD MEMBER	3.00	Director	$0	$0	$0
CALEB BATES	BOARD MEMBER	3.00	Director	$0	$0	$0
RICKY CAMPBELL	TREASURER	3.00	Officer Director	$0	$0	$0
BETSY CLEMONS	BOARD MEMBER	3.00	Director	$0	$0	$0
JONATHAN COLLINS	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
BRANDON CORNETT	BOARD MEMBER	3.00	Director	$0	$0	$0
KEY DOUTHITT	BOARD MEMBER	3.00	Director	$0	$0	$0
JOEY JONES	BOARD MEMBER	3.00	Director	$0	$0	$0
DARRYL DEE PARKER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GERRY ROLL	BOARD MEMBER	3.00	Director	$0	$0	$0
SUSIE SIZEMORE	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNIE WILLIAMS	SECRETARY	3.00	Officer 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	$12,092,207	$9,755,914	$14,056,098	$2,336,293
2024	No data	No data	No data	No data
2023	$8,262,095	$5,324,943	$11,465,690	$2,937,152
2022	$6,464,588	$6,202,072	$7,805,087	$262,516
2021	$3,911,383	$3,784,472	$8,159,788	$126,911
2020	$4,552,632	$4,613,769	$7,400,484	$-61,137
2019	$4,191,696	$3,781,194	$6,870,021	$410,502
2018	$3,636,154	$3,827,479	$6,273,406	$-191,325

HOUSING DEVELOPMENT ALLIANCE INC