WHFH DEVELOPMENT CORPORATION

EIN: 832668618 501(c)(3) Housing & Shelter

WEST HARTFORD, CT

Total Revenue
$550,020
Total Expenses
$226,469
Total Assets
$1,093,027
Net Assets
$1,093,027
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CT
Principal Officer
CLARE KINDALL
Phone
8609046379
Tax Period
2023-01-01 to 2023-12-31

WHFH DEVELOPMENT CORPORATION, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $550K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $324K, a strong 59% operating margin.

Mission

to provide for elderly families and elderly persons on a non-profit basis rental housing and related facilities and services especially designed to meet the physical and social needs of the aged, and contribute to their health, happiness, and usefulness in longer living.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $550,000
Program Service Revenue $0
Investment Income $20
Other Revenue $0
TOTAL REVENUE $550,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $107,250
Other Expenses $226,469
TOTAL EXPENSES $226,469

Year-over-Year Comparison

2023 2022 Change
Revenue $550,020 $280,003 +1.0%
Expenses $226,469 $89,063 +1.5%
Net Income $323,551 $190,940 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARE KINDALL President 2.00
Officer Director
$0 $0 $0
LEON DAVIDOFF Director 2.00
Officer Director
$0 $0 $0
KIETH ROBERTSON Vice President 0.50
Director
$0 $0 $0
STUART MAHLER Director 2.00
Officer Director
$0 $0 $0
KEVIN MCGANN Director 1.00
Director
$0 $0 $0
MIRIAM FLEISHMAN Director 0.50
Director
$0 $0 $0
GREGORY DONOVAN Director 0.50
Director
$0 $0 $0
ADAM RAIDER Director 0.50
Director
$0 $0 $0
MARY ANN LOPEZ Director 0.50
Director
$0 $0 $0
RENE LOPEZ Director 0.50
Director
$0 $0 $0
BEN WENOGRAD Director 0.50
Director
$0 $0 $0
HEATHER ZOELLER Secretary 1.00
Officer Director
$0 $0 $0
ALBERTO CORTES Treasurer 0.50
Director
$0 $0 $0
DIANE TUCKER Director 0.50
Director
$0 $0 $0
BYRON DORCHESTER Director 0.50
Director
$0 $0 $0
MARK GARILLI CEO 36.00
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 $550,020 $226,469 $1,093,027 $323,551
2022 $280,003 $89,063 $769,476 $190,940
2021 $240,000 $27,710 $578,536 $212,290
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