EUREKA HOUSING DEVELOPMENT CORPORATION (EIN 943303075) - 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

1998

Legal Domicile

Principal Officer

KAY ESCARDA

Phone

7074434583

Tax Period

2024-01-01 to 2024-12-31

EUREKA HOUSING DEVELOPMENT CORPORATION, founded in 1998, is a micro nonprofit in the Human Services sector that reported $24K in total revenue in fiscal year 2024. Expenses of $103K exceeded revenue, resulting in a 330% operating deficit.

Mission

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,547

Investment Income $0

Other Revenue $500

TOTAL REVENUE $24,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,350

Other Expenses $103,324

TOTAL EXPENSES $103,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,047	$23,080	+0.0%
Expenses	$103,324	$780	+131.5%
Net Income	$-79,277	$22,300	-4.6%

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

Governance

Voting Members

Independent Members

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

$193,850

Total Directors

$193,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAY ESCARDA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KALI SEROTTA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL CHURCHILL	SECRETARY/TREASURER	1.00	Officer Director	$0	$35,328	$193,850
JOHN DUSTIN WIESNER	DEPUTY DIRECTOR	1.00	Highest	$0	$19,979	$142,200

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	$24,047	$103,324	$214,191	$-79,277
2023	$23,080	$780	$595,823	$22,300
2022	$7,500	$2,927	$593,658	$4,573
2021	$7,500	$4,880	$589,026	$2,620
2020	$7,500	$4,458	$585,740	$3,042
2019	$7,500	$16,107	$582,737	$-8,607
2018	$20,940	$2,176	$591,305	$18,764

EUREKA HOUSING DEVELOPMENT CORPORATION