PRAXIS HOUSING INITIATIVES 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

1995

Legal Domicile

Principal Officer

SVEIN JORGENSEN

Phone

2122938404

Tax Period

2024-07-01 to 2025-06-30

PRAXIS HOUSING INITIATIVES INC, founded in 1995, is a mid-sized nonprofit in the Housing & Shelter sector that reported $37.3M in total revenue in fiscal year 2024. Expenses of $36.0M left a modest 3% surplus.

Mission

THE MISSION OF PRAXIS IS TO STABILIZE CHRONICALLY HOMELESS PERSONS WITH MULTIPLE DIAGNOSES, SUCH AS HIV/AIDS, MENTAL HEALTH, CHEMICAL DEPENDENCY, AND OTHER SPECIAL NEEDS THROUGH CLEAN, SAFE HOUSING AND SUPPORT SERVICES THAT LEAD TO RECOVERY, STABILITY, AND ULTIMATELY, INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $34,522,528 Revenue: $1,020,322

PRAXIS HOUSING INITIATIVES, INC. CURRENTLY OPERATES FOUR CONGREGATE TRANSITIONAL SUPPORTIVE HOUSING PROGRAMS FOR INDIVIDUALS DIAGNOSED WITH HIV/AIDS, FOUR SCATTER SITE PROGRAMS THAT PROVIDE QUALITY SUPPORTIVE HOUSING AND ANCILLARY SERVICES TO ELIGIBLE HOMELESS FAMILIES AFFLICTED WITH AIDS OR HIV, TWO NEWLY CONSTRUCTED PERMANENT SUPPORTIVE HOUSING PROGRAMS FOR SPECIAL NEEDS POPULATIONS THAT MEET NY/NY III CRITERIA AND THREE TRANSITIONAL PROGRAMS FOR HOMELESS FAMILIES WITH AND WITHOUT CHILDREN. A TOTAL OF 988 UNITS ARE CURRENTLY OPERATED AND TOTAL NUMBER SERVED, ADULTS AND CHILDREN 1395 BY PRAXIS HOUSING INITIATIVES, INC.

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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 $36,092,850

Program Service Revenue $333,939

Investment Income $142,061

Other Revenue $686,383

TOTAL REVENUE $37,255,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,406,966

Fundraising Expenses $130,933

Program Expenses $34,522,528

Other Expenses $26,545,520

TOTAL EXPENSES $35,952,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,255,233	$38,272,066	0.0%
Expenses	$35,952,486	$37,073,194	0.0%
Net Income	$1,302,747	$1,198,872	+0.1%

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

271

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

$529,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE BURNETT	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID PERLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
EKTA VOHRA	BOARD MEMBER	1.00	Director	$0	$0	$0
IRA PLATT	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN KIVELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK GUSTIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL SCHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TUMI ADEBIYI	BOARD MEMBER	1.00	Director	$0	$0	$0
SVEIN JORGENSEN	CHIEF EXECUTIVE OFFICER	35.00	Officer	$303,348	$8,607	$311,955
VASHTI RAMPATSINGH	CHIEF FINANCIAL OFFICER	35.00	Officer	$202,760	$14,883	$217,643

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
2025	$37,255,233	$35,952,486	$47,200,430	$1,302,747
2024	No data	No data	No data	No data
2023	$34,144,791	$34,813,032	$57,309,356	$-668,241
2022	$35,320,830	$34,850,440	$18,010,382	$470,390
2021	$43,469,449	$42,065,100	$17,550,749	$1,404,349
2020	$29,598,409	$28,508,907	$13,094,347	$1,089,502
2019	$23,860,415	$23,204,164	$8,955,153	$656,251
2018	$18,390,034	$17,869,809	$7,961,940	$520,225