KINGSTREE HOUSING DEVELOPMENT COMPANY INC (EIN 813886556) - 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

2016

Legal Domicile

Principal Officer

HAVEN MCCLAM

Phone

8433557516

Tax Period

2024-07-01 to 2025-06-30

KINGSTREE HOUSING DEVELOPMENT COMPANY INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

ESTABLISHED IN PROVIDING AND DEVELOPING QUALITY, SAFE AFFORDABLE HOUSING OPPORTUNITES FOR LOW INCOME FAMILIES, SENIORS AND PEOPLE WITH SPECIAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $703,595

Program Service Revenue $387,896

Investment Income $539

Other Revenue $1,263

TOTAL REVENUE $1,093,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,234

Fundraising Expenses $0

Program Expenses $942,447

Other Expenses $902,498

TOTAL EXPENSES $1,233,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,093,293	$1,069,718	+0.0%
Expenses	$1,233,732	$1,279,444	0.0%
Net Income	$-140,439	$-209,726	-0.3%

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
ELLA ALSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MELVIN HARRISON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
HAVEN MCCLAM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SAMUEL MCCREA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WILLIAMS	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
2025	$1,093,293	$1,233,732	$3,097,547	$-140,439
2024	$1,069,718	$1,279,444	$3,316,904	$-209,726
2023	$1,047,663	$1,250,622	$3,618,047	$-202,959
2022	$1,099,822	$1,561,491	$3,782,798	$-461,669
2021	$1,006,761	$1,507,048	$4,162,014	$-500,287

KINGSTREE HOUSING DEVELOPMENT COMPANY INC