THA DEVELOPMENT ASSOCIATION

EIN: 911349962 501(c)(3)

LAKEWOOD, WA

Total Revenue
$267,895
Total Expenses
$228,996
Total Assets
$1,757,464
Net Assets
$1,745,246
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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
1986
Legal Domicile
WA
Principal Officer
DONNA REBELEZ
Phone
2535880100
Tax Period
2023-01-01 to 2023-12-31

THA DEVELOPMENT ASSOCIATION, founded in 1986, is a small nonprofit that reported $268K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $229K left a modest 15% surplus.

Mission

TO PROVIDE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $263,263
Investment Income $4,632
Other Revenue $0
TOTAL REVENUE $267,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $228,996
Other Expenses $228,996
TOTAL EXPENSES $228,996

Year-over-Year Comparison

2023 2022 Change
Revenue $267,895 $232,909 +0.2%
Expenses $228,996 $247,653 -0.1%
Net Income $38,899 $-14,744 -3.6%
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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA REBELEZ SECRETARY N/A
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
2024 No data No data No data No data
2023 $267,895 $228,996 $1,757,464 $38,899
2022 $232,909 $247,653 $1,719,283 $-14,744
2021 $251,989 $216,184 $1,735,677 $35,805
2020 $233,530 $238,227 $1,699,872 $-4,697
2019 $237,398 $183,405 $1,704,569 $53,993
2018 $231,567 $204,899 $1,650,576 $26,668
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