HOUSING CORPORATION OF ARLINGTON (EIN 042944144) - 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

ERICA SCHWARZ

Phone

7818595294

Tax Period

2024-01-01 to 2024-12-31

HOUSING CORPORATION OF ARLINGTON, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 11% surplus.

Mission

THE HOUSING CORPORATION OF ARLINGTON PROVIDES AND ADVOCATES FOR DECENT, AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES AND INDIVIDUALS IN ARLINGTON AND SURROUNDING COMMUNITIES, WHILE PROMOTING SOCIAL AND ECONOMIC DIVERSITY.

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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 $1,128,071

Program Service Revenue $1,475,368

Investment Income $16,551

Other Revenue $282,491

TOTAL REVENUE $2,902,481

Expense Breakdown

Grants Paid $90,846

Salaries & Benefits $401,110

Fundraising Expenses $87,385

Program Expenses $2,302,448

Other Expenses $2,091,368

TOTAL EXPENSES $2,583,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,902,481	$2,298,053	+0.3%
Expenses	$2,583,324	$3,037,677	-0.1%
Net Income	$319,157	$-739,624	-1.4%

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

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

$120,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL MONGOLD	PRESIDENT	3.00	Officer Director	$0	$0	$0
MAKEELIA PARKER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JILLIAN STANDISH	TREASURER	3.00	Officer Director	$0	$0	$0
DEIRDRE WESTCOTT	CLERK	3.00	Officer Director	$0	$0	$0
THOMAS NEE	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN WALLACH	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE CHERY	DIRECTOR	2.00	Director	$0	$0	$0
LAURA WIENER	DIRECTOR	2.00	Director	$0	$0	$0
TINA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
ELENA ARRENDOL	DIRECTOR	2.00	Director	$0	$0	$0
KEN GARDEN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER CLAFLIN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MANGO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN OLIVER	DIRECTOR	2.00	Director	$0	$0	$0
SHERIKA WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
JACK COOPER	DIRECTOR (UNTIL 2024)	2.00	Director	$0	$0	$0
KINJAL SINGH	DIRECTOR (UNTIL 2024)	2.00	Director	$0	$0	$0
MATTHEW PIERCE	DIRECTOR (UNTIL 2024)	2.00	Director	$0	$0	$0
ERICA SCHWARZ	EXECUTIVE DIRECTOR	40.00	Officer	$120,916	$0	$120,916
TAKAYEDZA MASHOKO	DIRECTOR OF FINANCE	32.00	Highest	$101,482	$5,760	$107,242

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
2024	$2,902,481	$2,583,324	$21,332,292	$319,157
2023	$840,033	$901,279	$10,765,439	$-61,246
2023	No data	No data	No data	No data
2022	$5,055,753	$5,625,008	$21,110,462	$-569,255
2022	$3,008,942	$1,902,523	$50,946,980	$1,106,419
2021	$1,905,445	$3,360,074	$17,581,714	$-1,454,629
2021	$2,009,359	$1,744,994	$44,078,576	$264,365
2020	$3,015,654	$2,239,022	$31,940,456	$776,632
2019	$1,705,939	$1,544,699	$20,378,038	$161,240
2018	$1,517,451	$1,536,778	$19,156,452	$-19,327

HOUSING CORPORATION OF ARLINGTON