LOVELAND HOUSING DEVELOPMENT CORPORATION (EIN 840659180) - 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

1993

Legal Domicile

Principal Officer

MIKE RADCLIFF

Phone

9706673232

Tax Period

2024-01-01 to 2024-12-31

LOVELAND HOUSING DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 3% surplus.

Mission

PROVIDE LOW-INCOME HOUSING, OPERATE HOUSING PROJECTS THAT PROVIDE QUALITY LOW-INCOME HOUSING.

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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 $513,527

Program Service Revenue $1,194,496

Investment Income $71,307

Other Revenue $88,870

TOTAL REVENUE $1,868,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,936

Fundraising Expenses $0

Program Expenses $1,174,156

Other Expenses $1,598,393

TOTAL EXPENSES $1,811,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,868,200	$1,613,013	+0.2%
Expenses	$1,811,329	$3,915,862	-0.5%
Net Income	$56,871	$-2,302,849	-1.0%

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

N/A

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
KELSO KELLY	VICE CHAIRPERSON	0.00	Director	$0	$0	$0
ADRIAN RUCKLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE RADCLIFF	CHAIR PERSON	0.00	Officer Director	$0	$0	$0
PATRICK ROWE	SECRETARY	0.00	Director	$0	$0	$0
KIM KUXHAUSEN	BOARD MEMBER	0.00	Director	$0	$0	$0
BRUCE FARKAS	BOARD MEMBER	0.00	Director	$0	$0	$0
DANIELLE FEENEY	BOARD MEMBER	0.00	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
2024	$1,868,200	$1,811,329	$11,182,668	$56,871
2023	$1,613,013	$3,915,862	$10,839,418	$-2,302,849
2022	$1,422,397	$1,504,086	$13,102,316	$-81,689
2021	$1,426,161	$2,252,841	$13,036,056	$-826,680
2020	$1,802,945	$5,647,742	$13,931,214	$-3,844,797

LOVELAND HOUSING DEVELOPMENT CORPORATION