DESTINY HOUSING INC (EIN 813956857) - 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

EKERE AKPAN

Tax Period

2023-01-01 to 2023-12-31

DESTINY HOUSING INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $690K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $136K, a strong 20% operating margin.

Mission

To Provide Quality Social Services, including community integated living arrangements, to disable individuals with mental health and developmental disabilities.

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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 $690,369

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $690,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,181

Fundraising Expenses $0

Program Expenses $554,269

Other Expenses $243,088

TOTAL EXPENSES $554,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$690,369	$599,513	+0.2%
Expenses	$554,269	$544,033	+0.0%
Net Income	$136,100	$55,480	+1.5%

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

N/A

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
VICTOR UDONKANG	DIRECTOR	5.00	Director	$0	$0	$0
ROSELYN EDET	DIRECTOR	20.00	Director	$0	$0	$0
EKERE AKPAN	PRESIDENT	40.00	Officer	$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	$690,369	$554,269	$156,519	$136,100
2022	$599,513	$544,033	$90,474	$55,480
2021	$447,751	$412,758	$60,068	$34,993
2020	$226,273	$256,345	$35,886	$-30,072
2019	$198,790	$204,686	$32,395	$-5,896
2018	$40,488	$73,532	$23,358	$-33,044

DESTINY HOUSING INC