HOUSING VISIONS UNLIMITED 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

1990

Legal Domicile

Principal Officer

BENJAMIN LOCKWOOD

Phone

3154723820

Tax Period

2024-01-01 to 2024-12-31

HOUSING VISIONS UNLIMITED INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $549K, a strong 39% operating margin.

Mission

BE THE CATALYST FOR SUSTAINABLE, POSITIVE CHANGE IN NEIGHBORHOODS THROUGH REAL ESTATE DEVELOPMENT AND COMMUNITY COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $583,205 Revenue: $906,461

EXPENSES INCURRED IN RENTING AND MANAGING OF RENTAL HOUSING UNITS TO 291 QUALIFIED LOW INCOME TENANT FAMILIES, WHICH ARE SCATTERED SITE MULTI-FAMILY BUILDINGS NOT ALWAYS IN CLOSE PROXIMITY TO EACH...

EXPENSES INCURRED IN RENTING AND MANAGING OF RENTAL HOUSING UNITS TO 291 QUALIFIED LOW INCOME TENANT FAMILIES, WHICH ARE SCATTERED SITE MULTI-FAMILY BUILDINGS NOT ALWAYS IN CLOSE PROXIMITY TO EACH OTHER. THE PROPERTIES HAVE MANY COMPLIANCE REQUIREMENTS THAT MANAGEMENT MUST FOLLOW. IN ADDITION, MANAGEMENT STRIVES TO PROVIDE HIGH QUALITY SERVICES, INCLUDING INVESTING IN INDIVIDUALS, FAMILIES, AND COMMUNITY RESOURCES IN AN ATTEMPT TO MAINTAIN HOUSING AND ECONOMIC STABILITY.

Program 2

Expenses: $131,689

EXPENSES INCURRED IN THE DEVELOPMENT OF UNITS IN PROCESS AND DEVELOPMENT OF FUTURE PROJECTS UTILIZING VARIOUS FUNDING SOURCES INCLUDING LIHC AND OTHER STATE AND LOCAL FUNDING.

Program 3

Expenses: $825 Revenue: $13,991

EXPENSES INCURRED RELATED TO PROVIDING BUILDING SERVICES AND CONSULTING FOR AFFORDABLE HOUSING AND OTHER PROJECTS IN REVITALIZATION AREAS.

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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 $577,597

Program Service Revenue $920,452

Investment Income $-64,487

Other Revenue $-40,833

TOTAL REVENUE $1,392,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,414

Fundraising Expenses $0

Program Expenses $715,719

Other Expenses $230,176

TOTAL EXPENSES $843,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,729	$1,486,527	-0.1%
Expenses	$843,590	$1,093,216	-0.2%
Net Income	$549,139	$393,311	+0.4%

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

143

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

$596,401

Total Directors

$221,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKEY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TOM BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
KENYATTA CALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
KENYON CRAIG	TREASURER	1.00	Officer Director	$0	$0	$0
JIM DRUCKEMILLER	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN LOCKWOOD	PRESIDENT & CEO	40.00	Officer Director	$209,569	$11,452	$221,021
DAVID MICHEL	CHAIR	1.00	Officer Director	$0	$0	$0
KELSEY MAY	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL SEIFTER	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE STEWART	SECRETARY	1.00	Director	$0	$0	$0
DANIEL STAZZONE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA WELCH-BROWN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES QUINN	VICE PRESIDENT OF FINANCE	40.00	Officer	$133,252	$44,569	$177,821
REBECCA TREVISANI	EXECUTIVE VP & COO	40.00	Officer	$171,273	$26,286	$197,559

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	$1,392,729	$843,590	$20,738,368	$549,139
2023	$1,486,527	$1,093,216	$18,523,453	$393,311
2022	$2,840,323	$1,545,545	$15,749,071	$1,294,778
2021	$2,728,836	$1,442,730	$13,612,013	$1,286,106
2020	$2,764,715	$1,396,768	$12,644,678	$1,367,947
2019	$2,591,176	$1,326,139	$10,016,791	$1,265,037
2018	$1,636,772	$1,347,489	$10,123,506	$289,283