Housing Development Center (EIN 931116265) - 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

1993

Legal Domicile

Principal Officer

TRACI MANNING

Phone

5033353668

Tax Period

2024-07-01 to 2025-06-30

Housing Development Center, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 12% surplus.

Mission

CENTERING THOSE WHO HAVE BEEN HISTORICALLY OPPRESSED, HOUSING DEVELOPMENT CENTER, INC. COLLABORATES WITH ITS PARTNERS TO ENVISION, DEVELOP, AND SUSTAIN AFFORDABLE HOMES AND COMMUNITY PLACES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $633,596

Program Service Revenue $3,336,851

Investment Income $93,053

Other Revenue $122,396

TOTAL REVENUE $4,185,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,984,647

Fundraising Expenses $0

Program Expenses $3,035,513

Other Expenses $678,710

TOTAL EXPENSES $3,663,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,185,896	$3,195,918	+0.3%
Expenses	$3,663,357	$3,252,532	+0.1%
Net Income	$522,539	$-56,614	-10.2%

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

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

$200,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI MANNING	Executive Dir.	40.00	Officer	$176,398	$23,615	$200,013
TRAVIS PHILLIPS	DIR OF REAL ESTATE	40.00		$144,049	$15,864	$159,913
JULIE PROKSCH	DIR OF REAL ESTATE	40.00		$146,011	$6,959	$152,970
KIMBERLY PRATNICKI	DIR OF ASSET MGMT	40.00		$126,305	$21,506	$147,811
GIGI SZABO	SR FIN PROJ MGR	40.00		$128,326	$15,234	$143,560
BEN LOFTIS	SR FIN PROJ MGR	40.00		$122,738	$5,966	$128,704
SARAH ZAHN	CHAIR	5.00	Officer Director	$0	$0	$0
RAMSAY WEIT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRYANT ABARICIA	Secretary/Treas	2.00	Officer Director	$0	$0	$0
SAM DIAZ	Director	1.00	Director	$0	$0	$0
MERCEDES ELIZALDE	Director	1.00	Director	$0	$0	$0
SAMUEL D GROSZ	Director	1.00	Director	$0	$0	$0
BRUCE WHITING	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
2025	$4,185,896	$3,663,357	$6,108,221	$522,539
2024	$3,195,918	$3,252,532	$5,266,478	$-56,614
2023	$3,242,688	$3,139,997	$5,315,908	$102,691
2022	$3,244,688	$2,683,552	$5,193,870	$561,136
2021	$3,107,323	$2,939,304	$4,687,362	$168,019
2020	$3,364,211	$2,985,389	$4,546,280	$378,822
2019	$2,717,689	$2,651,130	$4,387,359	$66,559
2018	$2,543,252	$2,383,293	$4,628,559	$159,959

Housing Development Center