HOUSING FOR INDEPENDENT LIVING INC (EIN 042674409) - 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

1979

Legal Domicile

Principal Officer

CHRISTINE MACDONALD

Phone

7814224200

Tax Period

2024-07-01 to 2025-06-30

HOUSING FOR INDEPENDENT LIVING INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $687K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP AND MANAGE LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.

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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 $686,724

Other Revenue $0

TOTAL REVENUE $686,724

Expense Breakdown

Grants Paid $686,724

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $686,724

Other Expenses $0

TOTAL EXPENSES $686,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,724	$2,805,175	-0.8%
Expenses	$686,724	$969,598	-0.3%
Net Income	$0	$1,835,577	-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

$574,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGOWAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BEVERLY SOMERVILLE	PRESIDENT/CHAIR	2.00	Officer Director	$0	$0	$0
DAVID KILNAPP	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICK NEENAN	VICE TREASURER	2.00	Officer Director	$0	$0	$0
JEFF GRAEBER	CLERK	2.00	Officer Director	$0	$0	$0
ELVIRA CALDEIRA	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BORGERSON	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY CHARNEL	DIRECTOR	2.00	Director	$0	$0	$0
CAROL DELOREY	DIRECTOR	2.00	Director	$0	$0	$0
DOMINGO MALDONADO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HEALY	DIRECTOR	2.00	Director	$0	$0	$0
GORETTI JOAQUIM	ASSISTANT CLERK	2.00	Officer Director	$0	$0	$0
RICHARD PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS KING	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINA SUSTACHE	DIRECTOR	2.00	Director	$0	$0	$0
ANTOINETTE PABON GREEN	DIRECTOR	2.00	Director	$0	$0	$0
PAT GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT CORLEY	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$43,985	$350,372
CHRISTINE MACDONALD	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$18,059	$223,907

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	$686,724	$686,724	No data	No data
2024	$2,805,175	$969,598	$28,878	$1,835,577
2023	$1,121,093	$1,145,013	$1,639,830	$-23,920
2022	$1,099,325	$1,192,023	$1,700,514	$-92,698
2021	$1,121,898	$1,160,695	$1,902,094	$-38,797
2020	$1,058,172	$1,124,255	$2,036,677	$-66,083
2019	$1,043,714	$1,145,948	$2,071,464	$-102,234

HOUSING FOR INDEPENDENT LIVING INC