HOUSING FAMILIES 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

1986

Legal Domicile

Principal Officer

LAURA ROSI

Phone

7813229119

Tax Period

2023-07-01 to 2024-06-30

HOUSING FAMILIES INC, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $29.9M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $26.2M left a modest 12% surplus.

Mission

HOUSING FAMILIES' MISSION IS TO ENSURE HOUSING STABILITY TO STRENGTHEN FAMILIES, INDIVIDUALS, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $23,565,270 Revenue: $192,180

SINCE 1986, HOUSING FAMILIES INC. HAS PROVIDED COMPREHENSIVE HOUSING AND WRAPAROUND SERVICES TO OVER 12,000 HOMELESS, FORMERLY HOMELESS AND HOUSING INSECURE FAMILIES. IN FISCAL YEAR 2024 HOUSING...

SINCE 1986, HOUSING FAMILIES INC. HAS PROVIDED COMPREHENSIVE HOUSING AND WRAPAROUND SERVICES TO OVER 12,000 HOMELESS, FORMERLY HOMELESS AND HOUSING INSECURE FAMILIES. IN FISCAL YEAR 2024 HOUSING FAMILIES SERVED 5,775 INDIVIDUALS ACROSS ALL PROGRAMS, WHICH INCLUDE EMERGENCY SHELTER AND PERMANENT SUPPORTIVE HOUSING FOR FAMILIES AND INDIVIDUALS. HOUSING FAMILIES CURRENTLY OPERATES 350 SHELTER UNITS AND 113 UNITS OF PERMANENT SUPPORTIVE HOUSING. IN TOTAL, OVER 1,600 PEOPLE ARE HOUSED IN OUR SHELTER AND PERMANENT HOUSING EACH YEAR AND EACH HOUSEHOLD RECEIVES COMPREHENSIVE CASE MANAGEMENT. OUR ACADEMIC AND THERAPEUTIC AFTER SCHOOL PROGRAM PROVIDES TUTORING, ENRICHMENT, AND COUNSELING TO YOUTH. THE LEGAL AID FOR WELLNESS & STABILITY PROGRAM SERVED OVER 1,500 HOUSEHOLDS AND PREVENTED OVER 800 EVICTIONS. HOUSING FAMILIES' NEWER PROGRAMS INCLUDE AN ENHANCED CLINICAL MENTAL HEALTH DEPARTMENT, A FOOD PANTRY PROGRAM, MULTIPLE WARMING CENTERS, AND A NEW STREET OUTREACH PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,720,035

Program Service Revenue $182,413

Investment Income $0

Other Revenue $-14,492

TOTAL REVENUE $29,887,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,386,462

Fundraising Expenses $453,328

Program Expenses $23,565,270

Other Expenses $18,811,974

TOTAL EXPENSES $26,198,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,887,956	$14,310,752	+1.1%
Expenses	$26,198,436	$13,087,728	+1.0%
Net Income	$3,689,520	$1,223,024	+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

125

Volunteers

164

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

$185,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN CHEN WU MD MPH	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT ROSSIGNOL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN SLATER	TREASURER	1.00	Officer Director	$0	$0	$0
ELI LIPCON	DIRECTOR/SENIOR ADVISOR (UNTIL 2/24)	1.00	Director	$0	$0	$0
DAVID BARBATO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI AMENDOLARE	DIRECTOR	1.00	Director	$0	$0	$0
PRIYA K AMAR JD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BARRON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN FREITAS	DIRECTOR	1.00	Director	$0	$0	$0
KARLA GOODALE	DIRECTOR	1.00	Director	$0	$0	$0
LISA A NICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
LANRE OLUSEKUN	DIRECTOR	1.00	Director	$0	$0	$0
MARIENNE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA TODD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ROSI	CEO	37.50	Officer	$177,229	$8,332	$185,561
JAYNA STAFFORD	DIRECTOR OF LEGAL SERVICES	37.50	Highest	$102,925	$13,998	$116,923
MICHAEL ZOUZOUA	FORMER CONTROLLER	37.50	Highest	$108,471	$4,578	$113,049
TOM SANTRY	SENIOR DIRECTOR OF PROPERTY	37.50	Highest	$112,759	$0	$112,759

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	No data	No data	No data	No data
2024	$29,887,956	$26,198,436	$10,575,948	$3,689,520
2023	$14,310,752	$13,087,728	$6,493,349	$1,223,024
2022	$10,289,954	$10,210,297	$4,116,642	$79,657
2021	$8,658,783	$8,055,856	$3,872,051	$602,927
2020	$6,680,258	$6,120,633	$3,295,137	$559,625
2019	$6,505,995	$6,594,983	$2,928,463	$-88,988
2018	$6,416,304	$6,592,459	$2,983,113	$-176,155