HOUSING RELINQUISHED FUND CORP (EIN 770166414) - 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

1987

Legal Domicile

Principal Officer

TYRONE RODERICK WILLIAMS

Phone

5594438400

Tax Period

2023-01-01 to 2023-12-31

HOUSING RELINQUISHED FUND CORP, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 40% operating margin.

Mission

TO PROMOTE THE SOCIAL WELFARE BY ASSISTING LOW TO MODERATE INCOME HOUSING PROJECTS. SUCH ASSISTANCE INCLUDES, BUT IS NOT LIMITED TO, THE PROVIDING OF FINANCING TO LOW TO MODERATE INCOME HOUSING PROJECTS WHICH COULD NOT OTHERWISE BE ACQUIRED AND/OR PROPERLY MAINTAINED.

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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 $0

Program Service Revenue $4,479,976

Investment Income $2,210,657

Other Revenue $0

TOTAL REVENUE $6,690,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,678,876

Other Expenses $3,981,576

TOTAL EXPENSES $3,981,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,690,633	$4,768,302	+0.4%
Expenses	$3,981,576	$309,281	+11.9%
Net Income	$2,709,057	$4,459,021	-0.4%

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	Role	Reportable Comp	Other Comp	Total
CARY CATALANO	CHAIR	Director	$0	$0	$0
ADRIAN JONES	VICE CHAIR	Director	$0	$0	$0
TYRONE RODERICK WILLIAMS	SECRETARY/DIRECTOR	Officer Director	$0	$0	$0
VALORI GALLAHER	DIRECTOR	Director	$0	$0	$0
SHARON WILLIAMS	DIRECTOR	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	No data	No data	No data	No data
2023	$6,690,633	$3,981,576	$68,497,593	$2,709,057
2022	$4,768,302	$309,281	$65,213,454	$4,459,021
2021	$1,536,313	$125,102	$60,704,448	$1,411,211
2020	$1,535,383	$109,088	$54,298,222	$1,426,295
2019	$3,069,228	$595,462	$52,868,399	$2,473,766
2018	$2,643,598	$397,787	$50,467,104	$2,245,811
2018	$5,262,059	$397,787	$50,467,104	$4,864,272

HOUSING RELINQUISHED FUND CORP