1228 WASHINGTON AVENUE HOUSING DEVELOPMENT FUND COMPANY INC (EIN 853047085) - 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

2020

Legal Domicile

Principal Officer

CYNTHIA WAINWRIGHT

Phone

2126633000

Tax Period

2022-07-01 to 2023-06-30

1228 WASHINGTON AVENUE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2022. Expenses of $1.9M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $389,293

Program Service Revenue $860,740

Investment Income $9

Other Revenue $4,729

TOTAL REVENUE $1,254,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,801,709

Other Expenses $1,875,976

TOTAL EXPENSES $1,875,976

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,254,771	$1,252,456	+0.0%
Expenses	$1,875,976	$1,656,231	+0.1%
Net Income	$-621,205	$-403,775	+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

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

$523,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA C WAINWRIGHT	PRESIDENT	0.10	Officer Director	$0	$0	$0
CAROL BUCKLER	SECRETARY	0.10	Officer Director	$0	$0	$0
ALBERT E MAYAS	TREASURER	0.10	Officer Director	$0	$0	$0
SUSAN WIVIOTT	CEO	0.50	Officer	$0	$18,651	$314,412
EZRA MILLER	CFO	0.50	Officer	$0	$18,423	$208,610

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,254,771	$1,875,976	$12,561,655	$-621,205
2022	$1,252,456	$1,656,231	$13,412,037	$-403,775
2021	$388,624	$586,843	$13,796,095	$-198,219

1228 WASHINGTON AVENUE HOUSING DEVELOPMENT FUND COMPANY INC