BEATTYVILLE HOUSING DEVELOPMENT CORPORATION INC (EIN 611254002) - 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

Phone

6064645031

Tax Period

2024-01-01 to 2024-12-31

BEATTYVILLE HOUSING DEVELOPMENT CORPORATION INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

BEATTYVILLE HOUSING AND DEVELOPMENT CORPORATION, INC. STRIVES TO DEVELOP AFFORDABLE HOUSING IN LEE AND SURROUNDING COUNTIES.

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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 $1,168,307

Program Service Revenue $0

Investment Income $-5,326

Other Revenue $371,335

TOTAL REVENUE $1,534,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,993

Fundraising Expenses $0

Program Expenses $1,649,177

Other Expenses $1,572,905

TOTAL EXPENSES $1,769,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,534,316	$839,924	+0.8%
Expenses	$1,769,898	$1,072,473	+0.7%
Net Income	$-235,582	$-232,549	+0.0%

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

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

$37,651

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA VOYLES	SECRETARY	40.00	Key Emp	$37,651	$0	$37,651
SCOTT JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FAITH PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY HALCOMB	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA CALDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE KINCAID	PRESIDENT	5.00	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
2024	$1,534,316	$1,769,898	$4,866,697	$-235,582
2023	$839,924	$1,072,473	$5,158,760	$-232,549
2022	$668,333	$999,370	$5,602,656	$-331,037
2021	$2,362,980	$705,413	$6,085,336	$1,657,567
2020	$745,623	$894,464	$3,974,716	$-148,841
2019	$1,033,043	$1,189,354	$4,207,510	$-156,311
2018	$1,240,278	$1,008,265	$4,247,401	$232,013

BEATTYVILLE HOUSING DEVELOPMENT CORPORATION INC