Housing Support Inc (EIN 043124357) - 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

1991

Legal Domicile

Principal Officer

Robert Jones

Phone

9782554752

Tax Period

2023-01-01 to 2023-12-31

Housing Support Inc, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

To provide housing and related support services to low income, homeless and handicapped individuals.

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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 $76,394

Program Service Revenue $1,130,723

Investment Income $9,602

Other Revenue $0

TOTAL REVENUE $1,216,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,871

Fundraising Expenses $0

Program Expenses $1,045,288

Other Expenses $889,735

TOTAL EXPENSES $1,283,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,216,719	$1,545,230	-0.2%
Expenses	$1,283,606	$1,392,550	-0.1%
Net Income	$-66,887	$152,680	-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

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

$136,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paula Newcomb	Executive Director & Assistant Clerk	40.00	Officer	$131,069	$5,476	$136,545
Karen Conard	Honorary Director	1.00	Director	$0	$0	$0
Dorothy LaFrance	Honorary Director	1.00	Director	$0	$0	$0
Max Ducap-Laguerre	Director	1.00	Director	$0	$0	$0
James Kelcourse	Director	1.00	Director	$0	$0	$0
Robert Jones	President	1.00	Officer Director	$0	$0	$0
Karen Pollastrino	Clerk	1.00	Officer Director	$0	$0	$0
Frank Cousins	Treasurer	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,216,719	$1,283,606	$5,801,550	$-66,887
2022	$1,545,230	$1,392,550	$6,016,102	$152,680
2021	$1,187,771	$1,216,234	$6,146,467	$-28,463
2020	$1,093,679	$1,105,852	$5,684,216	$-12,173
2019	$1,290,718	$1,115,408	$5,590,321	$175,310
2018	$772,794	$1,095,119	$5,101,042	$-322,325

Housing Support Inc