THE WASHINGTON HOUSING CONSERVANCY INC (EIN 831866109) - 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

2018

Legal Domicile

Principal Officer

KIMBERLY DRIGGINS

Phone

2024813258

Tax Period

2023-01-01 to 2023-12-31

THE WASHINGTON HOUSING CONSERVANCY INC, founded in 2018, is a mid-sized nonprofit in the Housing & Shelter sector that reported $30.8M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $43.0M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE WASHINGTON HOUSING CONSERVANCY IS PRESERVING AFFORDABLE WORKFORCE HOUSING AND SERVING AS STEWARDS FOR LONG-TERM AFFORDABILITY IN THE WASHINGTON AREA.

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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 $2,442,394

Program Service Revenue $28,217,709

Investment Income $188,951

Other Revenue $0

TOTAL REVENUE $30,849,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,036,752

Fundraising Expenses $569,435

Program Expenses $41,657,520

Other Expenses $41,935,985

TOTAL EXPENSES $42,972,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,849,054	$23,718,775	+0.3%
Expenses	$42,972,737	$33,295,830	+0.3%
Net Income	$-12,123,683	$-9,577,055	+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

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
DAVID ROODBERG	DIRECTOR	8.00	Officer Director	$0	$0	$0
JOSHUA BERNSTEIN	TREASURER	6.00	Officer Director	$0	$0	$0
DEBORAH RATNER SALZBERG	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
CHARLENE DREW JARVIS	DIRECTOR	1.00	Director	$0	$0	$0
CARY HATCH	DIRECTOR	1.00	Director	$0	$0	$0
CAROL THOMPSON COLE	DIRECTOR	4.00	Director	$0	$0	$0
ROB STEWART	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOSEPH	DIRECTOR	6.00	Director	$0	$0	$0
AAKASH THAKKER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CLINTON	CHAIR	6.00	Director	$0	$0	$0
MARIA GOMEZ	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MARTIN	DIRECTOR	4.00	Director	$0	$0	$0
ESHAUNA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY DRIGGINS	SECRETARY	10.00	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	$30,849,054	$42,972,737	$474,630,313	$-12,123,683
2022	$23,718,775	$33,295,830	$482,994,680	$-9,577,055
2021	$21,973,797	$30,114,393	$420,260,184	$-8,140,596
2020	$9,164,568	$1,379,894	$398,943,815	$7,784,674
2019	$3,603,917	$751,022	$3,398,847	$2,852,895

THE WASHINGTON HOUSING CONSERVANCY INC