URBAN HORIZONS HOUSING DEVELOPMENT FUND CORPORATION (EIN 814026863) - 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

DAVON RUSSELL

Phone

7188391100

Tax Period

2023-01-01 to 2023-12-31

URBAN HORIZONS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2016, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW AND MODERATE INCOME FAMILIES.

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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 $50,015

Program Service Revenue $1,645,770

Investment Income $77,949

Other Revenue $35,922

TOTAL REVENUE $1,809,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,808

Fundraising Expenses $0

Program Expenses $2,486,213

Other Expenses $2,141,808

TOTAL EXPENSES $2,588,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,809,656	$1,698,939	+0.1%
Expenses	$2,588,616	$2,479,328	+0.0%
Net Income	$-778,960	$-780,389	0.0%

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

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

$386,673

Total Directors

$386,673

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVON RUSSELL	PRESIDENT	10.00	Officer Director	$0	$29,721	$360,519
GUSTAVO CAMPOS	VICE PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$26,154
ALEXANDRA DYER	VICE PRESIDENT/TREASURER THRU MAR 2023	10.00	Officer Director	$0	$0	$0
LINDA FIELD	SECRETARY	0.25	Officer Director	$0	$0	$0
SEAN SIMMONS	SECRETARY THRU JUN 2023	0.25	Officer Director	$0	$0	$0
SHARMI SOBHAN	DIRECTOR	0.25	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	$1,809,656	$2,588,616	$10,244,874	$-778,960
2022	$1,698,939	$2,479,328	$10,125,249	$-780,389
2021	$1,478,753	$2,127,961	$10,493,620	$-649,208
2020	$1,510,473	$1,925,444	$9,284,251	$-414,971
2019	$1,508,315	$1,882,199	$8,042,129	$-373,884
2018	$1,279,720	$1,734,105	$7,902,060	$-454,385

URBAN HORIZONS HOUSING DEVELOPMENT FUND CORPORATION