WESTERN HORIZONS DEVELOPMENT INC

EIN: 844978897 501(c)(3) Housing & Shelter

HOMEWOOD, AL

Total Revenue
$1,504
Total Expenses
$8,157
Total Assets
$971,828
Net Assets
$276,216
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
FRANK DOMINICK
Phone
2056131197
Tax Period
2023-01-01 to 2023-12-31

WESTERN HORIZONS DEVELOPMENT INC, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 442% operating deficit.

Mission

NEIGHBORHOOD REVITALIZATION THROUGH THE DEVELOPMENT OF MULTIPLE HOUSING TYPES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,250
Program Service Revenue $0
Investment Income $194
Other Revenue $60
TOTAL REVENUE $1,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,157
TOTAL EXPENSES $8,157

Year-over-Year Comparison

2023 2022 Change
Revenue $1,504 $292,043 -1.0%
Expenses $8,157 $8,799 -0.1%
Net Income $-6,653 $283,244 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD WAGER PRESIDENT 2.00
Officer Director
$0 $0 $0
SUSAN DOUGHTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BURKE COX TREASURER 2.00
Officer Director
$0 $0 $0
FRANK DOMINICK EXECUTIVE DIRECTOR 40.00
Officer 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
2023 $1,504 $8,157 $971,828 $-6,653
2022 $292,043 $8,799 $898,826 $283,244
2021 $18 $392 $1,021,741 $-374
Explore More Nonprofits
→Top 100 Nonprofits in Alabama →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WESTERN HORIZONS DEVELOPMENT INC with other nonprofits in Alabama and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.