Housing Opportunities Housing Development Fund Corporation (EIN 161386456) - 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

1992

Legal Domicile

Principal Officer

Ruperto Montero

Phone

5855466340

Tax Period

2023-10-01 to 2024-09-30

Housing Opportunities Housing Development Fund Corporation, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Expenses of $546K exceeded revenue, resulting in a 99% operating deficit.

Mission

Developing, maintaining, and operating affordable housing for low/very low income individuals.

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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 $0

Program Service Revenue $274,785

Investment Income $17

Other Revenue $73

TOTAL REVENUE $274,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $512,222

Other Expenses $545,675

TOTAL EXPENSES $545,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,875	$281,551	0.0%
Expenses	$545,675	$502,085	+0.1%
Net Income	$-270,800	$-220,534	+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

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

$1,087,607

Total Directors

$272,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexander D Castro	Vice President	0.10	Officer Director	$0	$15,762	$272,513
Dirk Schneider	Director	0.10	Director	$0	$0	$0
Jean Lowe	Director	0.10	Director	$0	$0	$0
Jason Sackett	President	0.10	Officer	$0	$2,614	$142,008
Kathryn Bryan	Vice President	0.10	Officer	$0	$12,446	$194,753
Ruperto Montero	Vice President and Treasurer	0.10	Officer	$0	$15,863	$267,679
Leslie W Kernan Jr	Secretary	0.10	Officer	$0	$6,136	$210,654

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	$274,875	$545,675	$1,428,190	$-270,800
2023	$281,551	$502,085	$1,496,020	$-220,534
2022	$263,437	$484,400	$1,591,105	$-220,963
2021	$256,307	$465,933	$1,675,046	$-209,626
2020	$510,461	$391,337	$1,797,994	$119,124
2019	$259,715	$393,005	$1,848,619	$-133,290
2018	$235,454	$386,451	$1,917,447	$-150,997

Housing Opportunities Housing Development Fund Corporation