THE HOUSING PARTNERSHIP FUND 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

1999

Legal Domicile

Principal Officer

ERIC CHATMAN

Phone

6177201999

Tax Period

2024-01-01 to 2024-12-31

THE HOUSING PARTNERSHIP FUND INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.1M in total revenue in fiscal year 2024. The organization ran a surplus of $3.1M, a strong 28% operating margin.

Mission

TO PROVIDE FINANCING FOR THE PURCHASE, REHABILITATION AND DEVELOPMENT OF HOUSING.

Program Service Accomplishments

Program 1

Expenses: $7,070,582 Revenue: $7,040,578

TO PROVIDE REVOLVING LOANS FOR THE PURCHASE, REHABILITATION, AND DEVELOPMENT OF HOUSING THAT WILL BE AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

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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 $3,847,500

Program Service Revenue $6,929,670

Investment Income $179,669

Other Revenue $110,908

TOTAL REVENUE $11,067,747

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,070,582

Other Expenses $7,605,464

TOTAL EXPENSES $8,005,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,067,747	$11,149,033	0.0%
Expenses	$8,005,464	$6,901,194	+0.2%
Net Income	$3,062,283	$4,247,839	-0.3%

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

N/A

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

$801,495

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARK L ZIEGLER	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SOLOMON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK MITCHELL-BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED DODSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE ELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIAN RUIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC CHATMAN	TREASURER	1.00	Officer	$0	$59,082	$435,211
CATHERINE RODRIGUEZ	PRESIDENT	1.00	Officer	$0	$57,862	$366,284
YADIRA SIMMONS	CLERK	1.00	Officer	$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	$11,067,747	$8,005,464	$117,605,239	$3,062,283
2023	$11,149,033	$6,901,194	$103,145,457	$4,247,839
2022	$4,692,350	$4,349,933	$71,841,462	$342,417
2021	$7,425,102	$3,426,090	$55,046,443	$3,999,012
2020	$5,097,929	$3,043,761	$41,659,977	$2,054,168
2019	$4,627,721	$2,255,998	$46,045,574	$2,371,723
2018	$5,622,961	$3,024,338	$35,772,666	$2,598,623