SPRINGFIELD HOUSING ASSOCIATES 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

1979

Legal Domicile

Principal Officer

DENISE JORDAN

Phone

4137854500

Tax Period

2024-04-01 to 2025-03-31

SPRINGFIELD HOUSING ASSOCIATES INC, founded in 1979, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2K exceeded revenue, resulting in a 115% operating deficit.

Mission

TO PROVIDE PROGRAMS AND SERVICES TO LOW INCOME MEMBERS OF THE COMMUNITY

Program Service Accomplishments

Program 1

PROVIDE SUPPORT TO THE SPRINGFIELD HOUSING AUTHORITY TO FURTHER ITS MISSION TO AID AND SUPPORT THE LOW INCOME HOUSING NEEDS OF THE CITY OF SPRINGFIELD

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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 $0

Investment Income $1,075

Other Revenue $0

TOTAL REVENUE $1,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,310

TOTAL EXPENSES $2,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,075	$1,261	-0.1%
Expenses	$2,310	$35	+65.0%
Net Income	$-1,235	$1,226	-2.0%

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

$26,711

Total Directors

$32,996

Key Employees

$178,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS LABONTE	CHAIRMAN	1.00	Officer Director	$0	$0	$7,856
ANGELA ROBLES	VICE CHAIRWOMAN	1.00	Officer Director	$0	$0	$6,285
RAYMOND WARREN	TREASURER	1.00	Officer Director	$0	$0	$6,285
JESSICA QUINONEZ	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$6,285
WILLIE THOMAS	COMMISSIONER	1.00	Director	$0	$0	$6,285
DENISE JORDAN	EXECUTIVE DIRECTOR	1.00	Key Emp	$0	$22,728	$178,750

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	$1,075	$2,310	$51,450	$-1,235
2024	$1,261	$35	$52,685	$1,226
2023	$14,406	$2,235	$39,709	$12,171
2022	$17	$1,601	$27,538	$-1,584
2021	$1,680	$5,100	$29,122	$-3,420
2020	$855	$4,366	$32,542	$-3,511
2019	$880	$42,200	$36,058	$-41,320
2018	$60,384	$75,675	$86,627	$-15,291