HOUSING TELECOMMUNICATIONS INC (EIN 061386493) - 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

1993

Legal Domicile

Principal Officer

EDMUND MALASPINA JR

Phone

2032728220

Tax Period

2024-01-01 to 2024-12-31

HOUSING TELECOMMUNICATIONS INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $4.2M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO DELIVER TRAINING AND EDUCATION PROGRAMS THROUGH A VARIETY OF MEDIA TO PUBLIC AND AFFORDABLE HOUSING AUTHORITIES AND THEIR RESIDENTS.

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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 $1,000,000

Program Service Revenue $1,965,410

Investment Income $21,634

Other Revenue $0

TOTAL REVENUE $2,987,044

Expense Breakdown

Grants Paid $1,198,000

Salaries & Benefits $1,733,889

Fundraising Expenses $0

Program Expenses $3,370,203

Other Expenses $1,272,657

TOTAL EXPENSES $4,204,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,987,044	$2,336,508	+0.3%
Expenses	$4,204,546	$3,507,368	+0.2%
Net Income	$-1,217,502	$-1,170,860	+0.0%

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

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

$3,495,338

Total Directors

$1,474,301

Key Employees

$251,309

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMUND MALASPINA	PRESIDENT & CEO	1.00	Officer Director	$0	$97,813	$967,879
KEVIN L LOSO	BOARD MEMBER	1.00	Director	$0	$0	$40,100
VINCE PEARSON	BOARD MEMBER	1.00	Director	$0	$0	$41,300
RICHARD BROWNE	BOARD MEMBER	1.00	Director	$0	$0	$40,100
FERNANDO ANIBAN	BOARD MEMBER	1.00	Director	$0	$0	$39,052
RUSTY YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$40,000
JEFFERY PATTERSON	BOARD VICE CHAIR	1.00	Director	$0	$0	$45,124
JAMES DIPAOLO	BOARD MEMBER	1.00	Director	$0	$0	$40,076
JANE W SMITH	BOARD MEMBER	1.00	Director	$0	$0	$41,552
DUANE HOPKINS	BOARD MEMBER UNTIL 9/24	1.00	Director	$0	$0	$0
DOUGLAS DZEMA	BOARD MEMBER	1.00	Director	$0	$0	$40,076
EDWIN LOWNDES	BOARD MEMBER	1.00	Director	$0	$0	$39,200
SCOTT BERTRAND	BOARD CHAIR	1.00	Director	$0	$0	$50,080
MARY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$40,224
EDELMIRO HINOJOSA	BOARD MEMBER UNTIL 8/24	1.00	Director	$0	$0	$0
ANTHONY JOHNSON	BOARD MEMBER BEGIN 9/24	1.00	Director	$0	$0	$9,538
AMY GALVIN	CHIEF GOVERNANCE AND HR OFFICER & CORP. SECRETARY	1.00	Officer	$0	$96,813	$477,316
TROY LEPAGE	EXECUTIVE VP & COO BEGIN 1/24	1.00	Officer	$0	$93,717	$557,131
SHERRYL SULLIVAN	CHIEF INSURANCE OFFICER	2.50	Officer	$0	$70,183	$477,109
COURTNEY RICE	CHIEF COMM. OFFICER UNTIL 5/24	5.00	Officer	$0	$52,615	$446,708
PAUL LAGONIGRO	CHIEF FINANCIAL OFFICER BEGIN 1/24	1.00	Officer	$0	$85,216	$350,234
TREVOR HORN	ASSISTANT CORP. SECRETARY BEGIN 5/24	1.00	Officer	$0	$60,717	$218,961
KRISTINA TATROE	DIRECTOR OF ONLINE TRAINING	30.00	Key Emp	$0	$56,353	$251,309

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	$2,987,044	$4,204,546	$1,003,627	$-1,217,502
2023	$2,336,508	$3,507,368	$2,063,385	$-1,170,860
2022	$2,554,034	$2,850,915	$3,199,913	$-296,881
2021	$2,521,035	$2,382,698	$3,506,067	$138,337
2020	$2,544,185	$1,865,359	$3,367,800	$678,826
2019	$2,089,059	$1,728,757	$2,662,258	$360,302
2018	$2,007,544	$1,582,503	$2,216,400	$425,041

HOUSING TELECOMMUNICATIONS INC