COMMUNITY HOUSING DEVELOPMENT ASSOCIATION INC (EIN 841316839) - 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

1995

Legal Domicile

Principal Officer

JO ELLEN DAVIDSON

Phone

7207561940

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HOUSING DEVELOPMENT ASSOCIATION INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.0M, a strong 46% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING IN SOUTH METRO DENVER FOR LOW-INCOME AND SPECIAL NEEDS POPULATIONS.

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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 $400,113

Program Service Revenue $481,675

Investment Income $234,290

Other Revenue $3,327,585

TOTAL REVENUE $4,443,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,271

Fundraising Expenses $47,791

Program Expenses $942,825

Other Expenses $1,931,173

TOTAL EXPENSES $2,398,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,443,663	$5,194,572	-0.1%
Expenses	$2,398,444	$1,371,552	+0.7%
Net Income	$2,045,219	$3,823,020	-0.5%

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

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

$149,224

Total Directors

$149,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO ELLEN DAVIDSON	Executive Dir.	40.00	Officer Director	$149,224	$0	$149,224
BOB PIPKIN	President	0.00	Officer Director	$0	$0	$0
SHARON LEONARD	Vice President	0.00	Officer Director	$0	$0	$0
Kiersten Simonds	Secretary	0.00	Officer Director	$0	$0	$0
RANDY BOOTON	Treasurer	0.00	Officer Director	$0	$0	$0
ZUBEN BASTINI	Director	0.00	Director	$0	$0	$0
AMRITPAL BYRD	Director	0.00	Director	$0	$0	$0
Jackie Vega	Director	0.00	Director	$0	$0	$0
LAURA CONRY	Director	0.00	Director	$0	$0	$0
Leane Kramer	Director	0.00	Director	$0	$0	$0
JAVONNI BUTLER	Director	0.00	Director	$0	$0	$0
RENO CAROLLO	Director	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	$4,443,663	$2,398,444	$22,079,533	$2,045,219
2023	$5,194,572	$1,371,552	$19,735,730	$3,823,020
2022	$656,022	$983,437	$15,018,800	$-327,415
2021	$666,648	$787,342	$14,996,226	$-120,694
2020	$1,891,657	$931,998	$15,127,020	$959,659
2019	$694,631	$708,416	$14,194,481	$-13,785
2018	$2,575,975	$696,268	$14,224,660	$1,879,707

COMMUNITY HOUSING DEVELOPMENT ASSOCIATION INC