CITY OF DOUGLAS COMMUNITY HOUSING CORPOR (EIN 860986969) - 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

1997

Legal Domicile

Principal Officer

VICKY MERRITT

Phone

5203643880

Tax Period

2023-07-01 to 2024-06-30

CITY OF DOUGLAS COMMUNITY HOUSING CORPOR, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 292% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 62% operating margin.

Mission

OPERATES AN 80 UNIT COMPLEX UNDER SECTION 221(D)(3) OF THE NATIONAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $406,337

Investment Income $2,341,349

Other Revenue $15,511

TOTAL REVENUE $2,763,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,575

Fundraising Expenses $0

Program Expenses $956,647

Other Expenses $974,390

TOTAL EXPENSES $1,061,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,763,197	$704,280	+2.9%
Expenses	$1,061,965	$830,726	+0.3%
Net Income	$1,701,232	$-126,446	-14.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKY MERRITT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBBIE WENDT	TREASURER	1.00	Officer Director	$0	$0	$0
BELEN DURAZO	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE MACHADO	DIRECTOR	1.00	Director	$0	$0	$0
DESIREE RICE	DIRECTOR	1.00	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	$2,763,197	$1,061,965	No data	$1,701,232
2023	$704,280	$830,726	$3,017,694	$-126,446
2022	$637,816	$703,850	$3,178,487	$-66,034
2021	$692,344	$711,721	$3,329,996	$-19,377
2020	$1,323,543	$734,541	$3,434,840	$589,002
2019	$639,272	$700,784	$3,536,156	$-61,512
2018	$592,459	$689,801	$3,671,980	$-97,342

CITY OF DOUGLAS COMMUNITY HOUSING CORPOR