Delta Housing Development Corporation (EIN 640508153) - 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

1971

Legal Domicile

Principal Officer

David Jackson

Phone

6628874852

Tax Period

2023-01-01 to 2023-12-31

Delta Housing Development Corporation, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

Housing Development

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,055,268

Program Service Revenue $788,765

Investment Income $2,793

Other Revenue $3,421

TOTAL REVENUE $1,850,247

Expense Breakdown

Grants Paid $21,590

Salaries & Benefits $564,439

Fundraising Expenses $0

Program Expenses $1,855,628

Other Expenses $1,587,136

TOTAL EXPENSES $2,173,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,850,247	$1,728,299	+0.1%
Expenses	$2,173,165	$2,047,922	+0.1%
Net Income	$-322,918	$-319,623	+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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hermon Johnson Sr	Board Member	2.00	Director	$0	$0	$0
Elmo Hickingbottom	President	2.00	Director	$0	$0	$0
Rev Darryl Johnson	Vice-President	2.00	Director	$0	$0	$0
Annette Turner	Secretary/Treasurer	2.00	Director	$0	$0	$0
Louis Campbell	Board Member	2.00	Director	$0	$0	$0
Willie McDaniel	Board Member	2.00	Director	$0	$0	$0
Frank S Brown	Board Member	2.00	Director	$0	$0	$0
Johnny Todd	Board Member	2.00	Director	$0	$0	$0
Vassie Pegues	Board Member	2.00	Director	$0	$0	$0
Lizzie Johnson	Board Member	2.00	Director	$0	$0	$0
David Jackson	Exective Director	40.00	Officer	$0	$0	$0
Lucille Dean	Asst. Fiscal Officer	40.00	Officer	$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
2023	$1,850,247	$2,173,165	$7,371,774	$-322,918
2022	$1,728,299	$2,047,922	$7,926,929	$-319,623
2021	$1,640,721	$1,949,909	$8,203,001	$-309,188
2020	$3,521,899	$2,186,452	$8,573,759	$1,335,447
2019	$2,266,887	$2,776,244	$8,678,553	$-509,357
2018	$2,264,611	$2,658,263	$9,175,297	$-393,652

Delta Housing Development Corporation