CH DEVELOPMENT ASSOCIATION (EIN 912032882) - 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

1999

Legal Domicile

Principal Officer

CHRISTOPHER PERSONS

Phone

2063297303

Tax Period

2023-01-01 to 2023-12-31

CH DEVELOPMENT ASSOCIATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $836K in total revenue in fiscal year 2023. Revenue surged 340% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 268% operating deficit.

Mission

CH DEVELOPMENT ASSOCIATION'S PURPOSE IS TO SUPPORT COMMUNITY ROOTS HOUSING IN ITS MISSION TO MEET THE NEED FOR AFFORDABLE HOUSING WHILE PRESERVING NEIGHBORHOOD CHARACTER IN SEATTLE.

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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 $1,019,715

Program Service Revenue $-192,982

Investment Income $1,064

Other Revenue $7,807

TOTAL REVENUE $835,604

Expense Breakdown

Grants Paid $559,952

Salaries & Benefits $245,188

Fundraising Expenses $0

Program Expenses $2,935,350

Other Expenses $2,269,609

TOTAL EXPENSES $3,074,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$835,604	$189,750	+3.4%
Expenses	$3,074,749	$1,685,676	+0.8%
Net Income	$-2,239,145	$-1,495,926	+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

$403,853

Total Directors

$258,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER PERSONS	CEO, DIRECTOR	0.10	Officer Director	$0	$18,473	$258,340
FRANK F ALVARADO III	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC SNOW	VICE PRESIDENT, TREASURER	1.00	Officer Director	$0	$0	$0
BOB FIKSO	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE MORLAN	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE WOODWORTH	CFO	0.10	Officer	$0	$16,250	$145,513

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	$835,604	$3,074,749	$25,595,872	$-2,239,145
2022	$189,750	$1,685,676	$27,246,831	$-1,495,926
2021	$1,733,504	$908,770	$-1,242,130	$824,734
2020	$478,929	$419,174	$-2,820,469	$59,755
2019	$10,594,502	$10,185,437	$11,885,969	$409,065
2018	$429,493	$311,612	$11,292,630	$117,881

CH DEVELOPMENT ASSOCIATION