HOUSING ACTION COUNCIL INC (EIN 132846967) - 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

1975

Legal Domicile

Principal Officer

ROSEMARIE NOONAN

Phone

9143324144

Tax Period

2023-01-01 to 2023-12-31

HOUSING ACTION COUNCIL INC, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $819K, a strong 36% operating margin.

Mission

HAC'S ACTIVITIES CAN BE GROUPED INTO THREE AREAS: 1) HOUSING DEVELOPMENT ASSISTANCE (CONSULTING FOR PRIVATE DEVELOPERS; SERVING AS PARTNER WITH PRIVATE DEVELOPERS; TECHNICAL ASSISTANCE TO NOT-FOR-PROFIT ORGANIZATIONS; AFFIRMATIVE MARKETING FOR HOUSING DEVELOPERS; TENANT/HOMEOWNER ELIGIBILITY SCREENING; PREPARATION OF OFFERING PLANS, CONTRACTS, ETC.; RELOCATION SERVICES; DEVELOPMENT OF SMALL PROPERTIES) 2) TECHNICAL ASSISTANCE TO MUNICIPALITIES (PREPARING HOUSING NEEDS STATEMENTS/STUDIES, ADVISING ON LAND USE POLICIES AND REGULATIONS RELATED TO AFFORDABLE HOUSING; DESIGNING AND IMPLEMENTING AFFORDABLE HOUSING PROGRAMS; PREPARING REQUESTS FOR AFFORDABLE HOUSING DEVELOPMENT PROPOSALS ON MUNICIPALLY-OWNED SITES AND REVIEWING PROPOSALS; 3) ASSISTANCE IN IMPLEMENTING PROGRAMS THAT EXPAND HOUSING THROUGH CREATION OF ACCESSORY DWELLING UNITS;4) NOT-FOR-PROFIT ORGANIZATION SUPPORT (BACK OFFICE SUPPORT; HOUSING AND LAND USE TRAINING FOR CIVIC, ORGANIZATION AND GOVERNMENT LEADERS);

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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 $1,231,265

Program Service Revenue $707,199

Investment Income $297,173

Other Revenue $42,945

TOTAL REVENUE $2,278,582

Expense Breakdown

Grants Paid $629,238

Salaries & Benefits $339,626

Fundraising Expenses $0

Program Expenses $1,337,750

Other Expenses $490,694

TOTAL EXPENSES $1,459,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,278,582	$1,467,290	+0.6%
Expenses	$1,459,558	$1,407,385	+0.0%
Net Income	$819,024	$59,905	+12.7%

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

$195,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GALVIN	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
GREGG DEANGELIS	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
RICHARD CHERRY	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
ELLEN LEVY	TREASURER	5.00	Officer Director	$0	$0	$0
ERIC ABRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
CHUCK BELL	DIRECTOR	2.00	Director	$0	$0	$0
LARISSA LONGCHAMP	DIRECTOR	3.00	Director	$0	$0	$0
DOUG OLCOTT	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARIE NOONAN	EXECUTIVE DIRECTOR & SECRETARY	40.00	Officer	$184,904	$11,094	$195,998

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	$2,278,582	$1,459,558	$45,309,285	$819,024
2022	$1,467,290	$1,407,385	$44,496,758	$59,905
2021	$3,061,095	$1,445,477	$44,455,969	$1,615,618
2020	$17,892,637	$1,510,629	$42,998,277	$16,382,008
2019	$7,072,851	$1,431,955	$26,564,478	$5,640,896
2018	$1,537,353	$1,102,469	$16,109,891	$434,884

HOUSING ACTION COUNCIL INC