TUSKEGEE HOUSING DEVELOPMENT CORPORATION (EIN 631017640) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

LINDA SIMPSON

Phone

3347270459

Tax Period

2023-10-01 to 2024-09-30

TUSKEGEE HOUSING DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $103K in total revenue in fiscal year 2017. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROVIDE LOW INCOME FAMILIES THE OPPORTUNITY TO PURCHASE THEIR OWN HOME.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $89,529

Investment Income $16,411

Other Revenue $0

TOTAL REVENUE $105,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,447

Fundraising Expenses $0

Program Expenses $115,274

Other Expenses $97,636

TOTAL EXPENSES $128,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,940	$108,091	0.0%
Expenses	$128,083	$139,823	-0.1%
Net Income	$-22,143	$-31,732	-0.3%

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

N/A

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

$137,373

Total Directors

$137,373

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVERSON GANDY JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EDWARD SMALL	MEMBER	1.00	Officer Director	$0	$0	$0
BELINDA PATRICK	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
LINDA SIMPSON	SECRETARY	4.00	Officer Director	$0	$8,751	$137,373

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	$105,940	$128,083	$2,024,500	$-22,143
2023	$108,091	$139,823	$2,065,322	$-31,732
2022	$97,313	$101,527	$2,100,201	$-4,214
2021	$124,335	$119,318	$2,129,444	$5,017
2020	$108,248	$101,744	$2,132,667	$6,504
2019	$95,478	$358,996	$2,162,976	$-263,518
2018	$103,313	$137,369	$2,366,668	$-34,056

TUSKEGEE HOUSING DEVELOPMENT CORPORATION