Opelika Housing Development Inc

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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

1988

Legal Domicile

Principal Officer

Matthew K Mcclammey

Phone

3347454171

Tax Period

2024-07-01 to 2025-06-30

Opelika Housing Development Inc, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $6.0M left a modest 4% surplus.

Mission

To provide affordable, decent, safe and sanitary dwellings, apartments or other living accommodations for persons of low income.

Program Service Accomplishments

Program 1

Expenses: $5,971,715 Revenue: $1,396,374

To provide affordable, decent, safe and sanitary dwellings, apartments or other living accommodations for persons of low 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 $4,823,674

Program Service Revenue $1,147,414

Investment Income $18,206

Other Revenue $248,960

TOTAL REVENUE $6,238,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,176

Fundraising Expenses $0

Program Expenses $5,971,715

Other Expenses $4,882,539

TOTAL EXPENSES $5,971,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,238,254	$6,075,047	+0.0%
Expenses	$5,971,715	$6,207,386	0.0%
Net Income	$266,539	$-132,339	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henrietta Snipes	Chair	2.00	Director	$0	$0	$0
Jimmy Wright	Vice Chair	1.00	Director	$0	$0	$0
Carolyn Pruitt	Director	1.00	Director	$0	$0	$0
Jake Walker	Director	1.00	Director	$0	$0	$0
Sutricia Johnson	Director	1.00	Director	$0	$0	$0
William Whatley III	Director(till Oct 2024)	1.00	Director	$0	$0	$0
John Pruitt	Director(till Jan 2025)	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	$6,238,254	$5,971,715	$22,947,940	$266,539
2024	$6,075,047	$6,207,386	$23,839,098	$-132,339
2023	$5,496,827	$5,864,399	$23,718,445	$-367,572
2022	$6,126,841	$5,152,728	$24,566,206	$974,113
2021	$5,353,776	$4,604,336	$23,510,237	$749,440
2020	$5,158,910	$4,599,906	$22,465,118	$559,004
2019	$4,927,194	$4,502,111	$22,079,426	$425,083
2018	$4,867,922	$4,508,971	$21,848,690	$358,951