Longmont Housing Development Corporation (EIN 841247423) - 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

Harold Dominguez

Phone

3036518581

Tax Period

2023-01-01 to 2023-12-31

Longmont Housing Development Corporation, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $448K in total revenue in fiscal year 2023. Net assets of $9.4M represent 251 months of operating reserves.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $156

Program Service Revenue $467,423

Investment Income $-19,140

Other Revenue $0

TOTAL REVENUE $448,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,117

Other Expenses $486,534

TOTAL EXPENSES $486,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,439	$466,583	0.0%
Expenses	$486,534	$226,393	+1.1%
Net Income	$-38,095	$240,190	-1.2%

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
Debby Paris	President	2.00	Officer Director	$0	$0	$0
Stephen Morgan	Vice President	2.00	Officer Director	$0	$0	$0
Darrell L Beck Jr	Director	2.00	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	No data	No data	No data	No data
2023	$448,439	$486,534	$13,262,675	$-38,095
2022	$466,583	$226,393	$13,898,902	$240,190
2021	$494,310	$431,254	$16,841,105	$63,056
2020	$478,645	$259,914	$17,082,682	$218,731
2019	$2,827,695	$258,112	$14,496,946	$2,569,583
2018	$1,979,513	$360,577	$12,050,845	$1,618,936

Longmont Housing Development Corporation