FREEDOM HOUSING CORPORATION (EIN 134236650) - 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

2002

Legal Domicile

Principal Officer

STEPHEN OSTIGUY

Phone

4018465114

Tax Period

2024-07-01 to 2025-06-30

FREEDOM HOUSING CORPORATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $138K in total revenue in fiscal year 2024. Expenses of $204K exceeded revenue, resulting in a 48% operating deficit.

Mission

HOUSING FOR LOW INCOME PERSONS WITH DISABILITIES UNDER SECTION 811 OF THE NATIONAL HOUSING ACT

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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 $76,660

Program Service Revenue $58,617

Investment Income $813

Other Revenue $1,690

TOTAL REVENUE $137,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,276

Other Expenses $204,276

TOTAL EXPENSES $204,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,780	$142,310	0.0%
Expenses	$204,276	$176,562	+0.2%
Net Income	$-66,496	$-34,252	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SARGENT	President	1.00	Officer Director	$0	$0	$0
BARBARA O'REILLY	Vice President	1.00	Officer Director	$0	$0	$0
STEPHEN OSTIGUY	Treasurer	1.00	Officer Director	$0	$0	$0
ROBERT SABEL	Director	0.00	Director	$0	$0	$0
DAVID BOSCIA	Secretary	0.00	Director	$0	$0	$0
JOANNA SULLIVAN	Director	1.00	Director	$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
2025	$137,780	$204,276	$1,220,612	$-66,496
2024	$142,310	$176,562	$1,289,142	$-34,252
2023	$144,025	$170,569	$1,335,325	$-26,544
2022	$144,126	$179,577	$1,389,479	$-35,451
2021	$144,579	$181,879	$1,439,049	$-37,300
2020	$141,179	$162,932	$1,500,785	$-21,753
2019	$143,641	$182,071	$1,542,130	$-38,430

FREEDOM HOUSING CORPORATION