COLEMAN HOUSING DEVELOPMENT CORPORATION (EIN 751634806) - 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

Legal Domicile

Principal Officer

BILL MANN

Phone

3256255018

Tax Period

2024-01-01 to 2024-12-31

COLEMAN HOUSING DEVELOPMENT CORPORATION is a small nonprofit in the Housing & Shelter sector that reported $286K in total revenue in fiscal year 2018. Net assets of $1.9M represent 80 months of operating reserves.

Mission

HOUSING FOR LOW-INCOME TENANTS FINANCED BY U.S. DEPT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 NEW CONSTRUCTION HOUSING ASSISTANCE PAYMENTS CONTRACT

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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 $394,446

Investment Income $28,969

Other Revenue $377,596

TOTAL REVENUE $801,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,830

Fundraising Expenses $0

Program Expenses $428,979

Other Expenses $285,120

TOTAL EXPENSES $435,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$801,011	$367,285	+1.2%
Expenses	$435,950	$364,562	+0.2%
Net Income	$365,061	$2,723	+133.1%

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

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
BILL MANN	Chairman	2.00	Director	$0	$0	$0
BILLY GRIFFIN	Vice Chairman	2.00	Director	$0	$0	$0
LINDA BRADY	EXECUTIVE DIRECTOR	10.00		$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	$801,011	$435,950	$2,464,233	$365,061
2023	$367,285	$364,562	$2,097,511	$2,723
2022	$362,368	$359,911	$2,095,330	$2,457
2021	$368,383	$270,083	$2,085,113	$98,300
2020	$363,709	$305,788	$2,226,503	$57,921
2019	$289,578	$316,292	$1,902,048	$-26,714
2018	$285,517	$297,450	$1,923,769	$-11,933

COLEMAN HOUSING DEVELOPMENT CORPORATION