INDOCHINESE HOUSING DEVELOPMENT CORP (EIN 942796496) - 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

1981

Legal Domicile

Principal Officer

Mony Thach

Phone

4154412872

Tax Period

2024-01-01 to 2024-12-31

INDOCHINESE HOUSING DEVELOPMENT CORP, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE MISSION OF IHDC IS TO HELP CREATEA VIBRANT AND DIGNIFIED COMMUNITY THROUGH THE PURCHASE, RENOVATION, MAINTENANCEAND MANAGEMENT OF SAFE, COMFORTABLE AND AFFORDABLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $267,657

Program Service Revenue $1,009,170

Investment Income $28,272

Other Revenue $1,200

TOTAL REVENUE $1,306,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,060

Fundraising Expenses $0

Program Expenses $1,199,504

Other Expenses $825,262

TOTAL EXPENSES $1,335,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,306,299	$1,544,963	-0.2%
Expenses	$1,335,322	$1,431,555	-0.1%
Net Income	$-29,023	$113,408	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM HEATH	Executive Dir.	40.00		$61,398	$0	$61,398
Mony Thach	Executive Dir.	40.00	Officer Director	$0	$0	$0
Tinara Choing	Treasurer	4.00	Officer Director	$0	$0	$0
DIN HO	Director	1.00	Director	$0	$0	$0
THEARY LEN	Director	1.00	Director	$0	$0	$0
FANG WEN LIAO	Director	1.00	Director	$0	$0	$0
JENNY CHEA VAING	Director	1.00	Director	$0	$0	$0
TEVEA HIM SAUNDERS	Director	1.00	Director	$0	$0	$0
YULIANTY TJONG	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	$1,306,299	$1,335,322	$3,800,432	$-29,023
2023	$1,544,963	$1,431,555	$3,727,879	$113,408
2022	$1,173,740	$1,350,213	$3,520,746	$-176,473
2021	$1,331,155	$1,390,531	$3,731,902	$-59,376
2020	$1,165,515	$1,052,898	$3,824,346	$112,617
2019	$1,216,123	$1,187,783	$3,697,315	$28,340
2018	$1,042,687	$1,132,483	$3,585,805	$-89,796

INDOCHINESE HOUSING DEVELOPMENT CORP