HARLINGEN COMMUNITY DEVELOPMENT CORPORATION (EIN 742561727) - 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

1991

Legal Domicile

Principal Officer

ALFREDO HUERTA

Phone

9564212351

Tax Period

2023-10-01 to 2024-09-30

HARLINGEN COMMUNITY DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 1965% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME FAMILIES IN THE COMMUNITY.

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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 $220,130

Program Service Revenue $2,870,811

Investment Income $22,499

Other Revenue $-136,484

TOTAL REVENUE $2,976,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,196

Fundraising Expenses $0

Program Expenses $3,320,615

Other Expenses $3,264,036

TOTAL EXPENSES $3,592,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,976,956	$144,148	+19.7%
Expenses	$3,592,232	$1,348,634	+1.7%
Net Income	$-615,276	$-1,204,486	-0.5%

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

$119,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFREDO HUERTA	EXECUTIVE DIRECTOR	40.00	Officer	$119,423	$0	$119,423
RONNIE GARCIA	BOARD CHAIR	2.00	Director	$0	$0	$0
MARI GONZALES	VICE CHAIR	4.00	Director	$0	$0	$0
ELLIE AHUMADA	SECRETARY	2.00	Director	$0	$0	$0
ROSE MARY VALDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
IRMA HERREA	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA FLORES	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCY CARDENAS	BOARD MEMBER	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
2024	$2,976,956	$3,592,232	$19,396,713	$-615,276
2023	$144,148	$1,348,634	$19,741,408	$-1,204,486
2022	$5,251,853	$1,960,587	$19,056,626	$3,291,266
2020	$615,756	$514,680	$6,702,200	$101,076
2019	$708,068	$550,003	$6,425,455	$158,065

HARLINGEN COMMUNITY DEVELOPMENT CORPORATION