THE HOUSING PARTNERSHIP NETWORK INC (EIN 043172401) - 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

1992

Legal Domicile

Principal Officer

ERIC CHATMAN

Phone

6177201999

Tax Period

2024-01-01 to 2024-12-31

THE HOUSING PARTNERSHIP NETWORK INC, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.7M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $18.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

THROUGH PRACTITIONER-DRIVEN PEER EXCHANGE, POLICY AND INNOVATION, THE HOUSING PARTNERSHIP NETWORK'S MISSION IS TO LEVERAGE THE INDIVIDUAL STRENGTHS AND MOBILIZE THE COLLECTIVE POWER OF OUR MEMBER ORGANIZATIONS. OUR VISION IS THAT ALL PEOPLE LIVE IN VIBRANT AND INCLUSIVE COMMUNITIES WHERE ACCESS TO AFFORDABLE HOMES CREATES OPPORTUNITY AND ECONOMIC MOBILITY.

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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 $8,205,397

Program Service Revenue $6,211,313

Investment Income $697,434

Other Revenue $579,407

TOTAL REVENUE $15,693,551

Expense Breakdown

Grants Paid $1,699,877

Salaries & Benefits $10,460,491

Fundraising Expenses $326,764

Program Expenses $14,405,897

Other Expenses $6,707,503

TOTAL EXPENSES $18,867,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,693,551	$28,438,558	-0.4%
Expenses	$18,867,871	$18,857,414	+0.0%
Net Income	$-3,174,320	$9,581,144	-1.3%

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

$1,156,051

Total Directors

$720,840

Key Employees

$981,653

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN HUGHES	PRESIDENT AND CEO	40.00	Officer Director	$672,162	$48,678	$720,840
DEIRDRE SCHMIDT	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
ISMAEL GUERRERO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELLIS CARR	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS PERSONS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY LABORDE	DIRECTOR	1.00	Director	$0	$0	$0
MATT FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BELDEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MANDOLINI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN NOWAK	DIRECTOR	1.00	Director	$0	$0	$0
GRETA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
PRIYA JAYACHANDRAN	DIRECTOR	1.00	Director	$0	$0	$0
NICK MITCHELL-BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FRIEDLAND	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PORTER	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
SEAN SPEAR	DIRECTOR	1.00	Director	$0	$0	$0
SARA MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SALAZAR	DIRECTOR	1.00	Director	$0	$0	$0
ERIC CHATMAN	CLERK & CHIEF FINANCIAL OFFICER	40.00	Officer	$376,129	$59,082	$435,211
CHARLES WEHRWEIN	CHIEF OPERATING OFFICER	40.00	Key Emp	$432,362	$60,134	$492,496
LISA ALBERGHINI	EVP, PEER EXCHANGE	40.00	Key Emp	$443,873	$45,284	$489,157
CATHERINE RODRIGUEZ	VP OF LENDING & INVESTMENT	40.00	Highest	$308,422	$57,862	$366,284
BRENDAN DOLAN	PRESIDENT, HPIEX	40.00	Highest	$273,086	$61,423	$334,509
PAUL DOWNING	VP OF OPS AND INFO SYSTEMS	40.00	Highest	$265,151	$69,173	$334,324
SHANNON ROSS	VP OF POLICY	40.00	Highest	$243,894	$30,055	$273,949
PETER FITZGERALD	VP, FINANCIAL PLANNING AND ANALYSIS	40.00	Highest	$226,901	$40,429	$267,330

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	$15,693,551	$18,867,871	$43,469,433	$-3,174,320
2023	$28,438,558	$18,857,414	$48,908,914	$9,581,144
2022	$12,049,370	$16,512,859	$37,762,315	$-4,463,489
2021	$16,875,187	$14,834,783	$38,640,476	$2,040,404
2020	$13,217,908	$13,490,353	$35,234,528	$-272,445
2019	$13,265,841	$15,744,892	$35,971,217	$-2,479,051
2018	$16,766,937	$14,251,879	$34,121,688	$2,515,058

THE HOUSING PARTNERSHIP NETWORK INC