FH HOMES HOUSING DEVELOPMENT FUND CORPORATION (EIN 811500674) - 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

2015

Legal Domicile

Principal Officer

WILLIAM HILBURN

Phone

2125820340

Tax Period

2023-01-01 to 2023-12-31

FH HOMES HOUSING DEVELOPMENT FUND CORPORATION, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE HOUSING TO PEOPLE LIVING WITH MENTAL ILLNESS.

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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 $1,075,659

Investment Income $2,523

Other Revenue $0

TOTAL REVENUE $1,078,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,321,871

Other Expenses $1,403,375

TOTAL EXPENSES $1,403,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,078,182	$1,003,373	+0.1%
Expenses	$1,403,375	$1,055,716	+0.3%
Net Income	$-325,193	$-52,343	+5.2%

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

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
WILLIAM HILBURN	PRESIDENT	0.1	Officer Director	$0	$0	$0
ALEXANDRA HERZAN	SECRETARY	0.1	Officer Director	$0	$0	$0
CHARLES MARSDEN	TREASURER	1.0	Officer 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	$1,078,182	$1,403,375	$2,128,054	$-325,193
2022	$1,003,373	$1,055,716	$2,314,961	$-52,343
2021	$1,073,283	$976,986	$2,567,218	$96,297
2020	$1,037,955	$984,568	$2,658,449	$53,387
2019	$1,020,588	$1,074,850	$2,484,313	$-54,262
2018	$1,001,783	$1,845,170	$2,814,727	$-843,387

FH HOMES HOUSING DEVELOPMENT FUND CORPORATION