HOMELESS ACTION COMMITTEE C/O JOSE… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

ADAM WEBER

Phone

5188741247

Tax Period

2019-01-01 to 2019-12-31

HOMELESS ACTION COMMITTEE C/O JOSEPH'S HOUSE AND SHELTER INC, founded in 1991, is a small nonprofit that reported $338K in total revenue in fiscal year 2019. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $398K exceeded revenue, resulting in a 18% operating deficit.

Mission

WORK TOWARD ENDING HOMELESSNESS IN ALBANY, NEW YORK BY ADDRESSING ITS ROOT CAUSES VIA COMMUNITY EDUCATIONAL ACTIVITIES AND TO PROVIDE SERVICES TO THE HOMELESS OF ALBANY, NEW YORK - PRIMARILY THE STREET POPULATION.

Program Service Accomplishments

Program 1

Expenses: $44,912

OUTREACH VAN - HAC OPERATES AN OUTREACH VAN PROGRAM WHICH ASSISTS HOMELESS PERSONS WHO LIVE ON THE STREETS BY PROVIDING BASIC AID, TRANSPORTATION, ADVOCACY AND REFERRALS. THE OUTREACH VAN PROGRAM...

OUTREACH VAN - HAC OPERATES AN OUTREACH VAN PROGRAM WHICH ASSISTS HOMELESS PERSONS WHO LIVE ON THE STREETS BY PROVIDING BASIC AID, TRANSPORTATION, ADVOCACY AND REFERRALS. THE OUTREACH VAN PROGRAM SERVED 628 PEOPLE DURING 2019.

Program 2

Expenses: $295,655 Revenue: $114,489

HOUSING - HAC SEEKS TO WORK TOWARD SOLUTUTIONS TO THE HOMELESS PROBLEM ON THE STREETS BY PROMOTING AND OPERATING PERMANENT SINGLE ROOM OCCUPANCY (SRO)HOUSING. THE HOUSING PROGRAM SERVED 36 PEOPLE...

HOUSING - HAC SEEKS TO WORK TOWARD SOLUTUTIONS TO THE HOMELESS PROBLEM ON THE STREETS BY PROMOTING AND OPERATING PERMANENT SINGLE ROOM OCCUPANCY (SRO)HOUSING. THE HOUSING PROGRAM SERVED 36 PEOPLE DURING 2019.

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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 (2019)

Revenue Breakdown

Contributions & Grants $223,320

Program Service Revenue $114,489

Investment Income $24

Other Revenue $0

TOTAL REVENUE $337,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,875

Fundraising Expenses $0

Program Expenses $340,567

Other Expenses $191,560

TOTAL EXPENSES $398,435

Year-over-Year Comparison

	2019	2018	Change
Revenue	$337,833	$468,490	-0.3%
Expenses	$398,435	$539,984	-0.3%
Net Income	$-60,602	$-71,494	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY OLSEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN OLSEN	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM WEBER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE ZUBER	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
2019	$337,833	$398,435	No data	$-60,602
2018	$468,490	$539,984	$995,017	$-71,494

HOMELESS ACTION COMMITTEE C/O JOSEPH'S HOUSE AND SHELTER INC