HOUSING DEVELOPMENT CORPORATION (EIN 631200704) - 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

1998

Legal Domicile

Principal Officer

CYNTHIA CALIX

Phone

2562361575

Tax Period

2024-04-01 to 2025-03-31

HOUSING DEVELOPMENT CORPORATION is a micro nonprofit in the Housing & Shelter sector that reported $38K in total revenue in fiscal year 2019. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 137% operating deficit.

Mission

LOW INCOME HOUSING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $56,150

Investment Income $1,438

Other Revenue $0

TOTAL REVENUE $57,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,437

Fundraising Expenses $0

Program Expenses $75,735

Other Expenses $79,806

TOTAL EXPENSES $81,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,588	$384,811	-0.9%
Expenses	$81,243	$94,164	-0.1%
Net Income	$-23,655	$290,647	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA CALIX	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN N WILSON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MARCUS DUNN	COMMISSIONER	1.00	Director	$0	$0	$0
KENNETH WINSLEY	COMMISSIONER	1.00	Director	$0	$0	$0
JAMES WILLIAMS	COMMISSIONER	1.00	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	$57,588	$81,243	$1,250,779	$-23,655
2024	$384,811	$94,164	$1,281,439	$290,647
2023	$51,463	$48,521	$990,592	$2,942
2022	$169,667	$89,489	$1,014,477	$80,178
2021	$78,654	$64,576	$960,425	$14,078
2020	$37,770	$89,364	$918,767	$-51,594

HOUSING DEVELOPMENT CORPORATION