FREEMAN FOREST HOUSING CORP (EIN 010533179) - 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

2006

Legal Domicile

Principal Officer

DWIGHT HASBROUCK

Tax Period

2024-01-01 to 2024-12-31

FREEMAN FOREST HOUSING CORP, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2024.

Mission

TO OPERATE A 22 UNIT LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME WHICH PROVIDES DECENT, SAFE AND SANITARY HOUSING TO THE ELDERLY AND/OR DISABLED. THE DEVELOPMENT IS SUBSIDIZED BY USDA RURAL DEVELOPMENT AS TO ITS MORTGAGE AND RENTAL INCOME.

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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 $297,377

Investment Income $735

Other Revenue $0

TOTAL REVENUE $298,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $254,742

Other Expenses $293,463

TOTAL EXPENSES $293,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,112	$287,113	+0.0%
Expenses	$293,463	$282,075	+0.0%
Net Income	$4,649	$5,038	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCH STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
OLEKSANDR TYUTYUNNYK	BOARD MEMBER	1.00	Director	$0	$0	$0
DYAN WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
TABATHA CASO	SECRETARY	1.00	Officer	$0	$0	$0
DWIGHT HASBROUCK	PRESIDENT	1.00	Officer	$0	$0	$0
LEO KENNEY	VICE PRESIDE	1.00	Officer	$0	$0	$0
TOM PERRY	TREASURER	1.00	Officer	$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	$298,112	$293,463	$891,967	$4,649
2023	$287,113	$282,075	$893,518	$5,038
2022	$273,208	$280,019	$907,545	$-6,811
2021	$255,656	$261,261	$927,550	$-5,605
2020	$248,178	$261,992	$946,072	$-13,814
2019	$243,450	$267,888	$960,828	$-24,438
2018	$243,291	$250,530	$1,011,408	$-7,239

FREEMAN FOREST HOUSING CORP