THE HOUSING FOUNDATION INC (EIN 030305214) - 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

1986

Legal Domicile

Principal Officer

CORY B RICHARDSON

Phone

8028283006

Tax Period

2024-10-01 to 2025-09-30

THE HOUSING FOUNDATION INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $8.7M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $8.3M left a modest 5% surplus.

Mission

THE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK.

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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 $154,012

Program Service Revenue $8,520,551

Investment Income $41,309

Other Revenue $0

TOTAL REVENUE $8,715,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $737

Fundraising Expenses $0

Program Expenses $8,153,127

Other Expenses $8,281,269

TOTAL EXPENSES $8,282,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,715,872	$16,062,247	-0.5%
Expenses	$8,282,006	$6,579,709	+0.3%
Net Income	$433,866	$9,482,538	-1.0%

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

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
ALISON J BELL	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
KATHLEEN BERK	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEX FARRELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARY HOUGHTON	TREASURER	2.00	Director	$0	$0	$0
DAVID MUZZY	BOARD MEMBER	2.00	Director	$0	$0	$0
CORY B RICHARDSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JO ANN TROIANO	BOARD MEMBER	2.00	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	$8,715,872	$8,282,006	$36,533,375	$433,866
2024	$16,062,247	$6,579,709	$36,321,926	$9,482,538
2023	$-1,824,781	$5,061,455	$27,816,074	$-6,886,236
2022	$7,466,947	$6,400,866	$36,391,565	$1,066,081
2021	$7,210,098	$6,357,808	$36,960,857	$852,290
2020	$6,912,769	$6,313,553	$37,149,069	$599,216
2019	$6,760,824	$6,268,450	$36,750,399	$492,374
2018	$6,864,575	$5,936,205	$37,473,808	$928,370

THE HOUSING FOUNDATION INC