Midlands Housing Alliance 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

2005

Legal Domicile

Phone

8037917472

Tax Period

2024-07-01 to 2025-06-30

Midlands Housing Alliance Inc, founded in 2005, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Expenses of $5.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MIDLANDS HOUSING ALLIANCE (MHA) MISSION IS "ENGAGING AND EQUIPPING HOMELESS ADULTS for THE MIDLANDS TO TRANSITION INTO Stability AND PERMANENT HOUSING."

Program Service Accomplishments

Program 1

Expenses: $4,650,436 Revenue: $24,475

During its fourteen years of operation, Transitions successfully moved 4,107 clients to permanent housing with 13,698 positive outcomes off the streets. In the organization's fourteenth year of...

During its fourteen years of operation, Transitions successfully moved 4,107 clients to permanent housing with 13,698 positive outcomes off the streets. In the organization's fourteenth year of operation, Transitions helped 3,527 unique clients in its various programs and services. The organization served 173,238 healthy meals and moved 322 clients into safe, permanent housing of their own while facilitating positive outcomes for 724 individuals. Furthermore, Transitions housed 74 veterans permanently. The approach of Transitions is to meet people where they are and reduce barriers to housing and services. The program offers a wide range of temporary housing and services. The Day Center, specialized beds, emergency beds, and program beds are key to outreach and services. It also performs outreach to help even more clients in the community. In addition, Monarch Manor opened in December with 11 studio apartments for individuals 62 and over.

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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 $5,067,412

Program Service Revenue $24,475

Investment Income $40,639

Other Revenue $-446,731

TOTAL REVENUE $4,685,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,387,610

Fundraising Expenses $280,165

Program Expenses $4,650,436

Other Expenses $2,774,998

TOTAL EXPENSES $5,162,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,685,795	$4,613,598	+0.0%
Expenses	$5,162,608	$4,563,495	+0.1%
Net Income	$-476,813	$50,103	-10.5%

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

3592

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

$128,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAROLYN SWINTON DNPRNMNNEA-	SECRETARY	1.0	Officer Director	$0	$0	$0
IRIS N GRIFFIN	VICE-CHAIR	1.0	Officer Director	$0	$0	$0
LYNETTE KOON	CHAIR	2.0	Officer Director	$0	$0	$0
NICK ANNAN	TREASURER	1.0	Officer Director	$0	$0	$0
ALLISON TERRACIO	DIRECTOR	1.0	Director	$0	$0	$0
ANDY FOLSOM	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTINE SHELEK	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER DANIELS	DIRECTOR	1.0	Director	$0	$0	$0
DR ANDRE ROGERS	DIRECTOR	1.0	Director	$0	$0	$0
DR BRENT POWERS	DIRECTOR	1.0	Director	$0	$0	$0
GREG ADALINE	DIRECTOR	1.0	Director	$0	$0	$0
HANS PAULING	DIRECTOR	1.0	Director	$0	$0	$0
JAMES WILLIAMS	DIRECTOR	1.0	Director	$0	$0	$0
JENNIFER MOORE	DIRECTOR	1.0	Director	$0	$0	$0
JESSICA REESE	DIRECTOR	1.0	Director	$0	$0	$0
JUAN SILVERA	DIRECTOR	1.0	Director	$0	$0	$0
KALEB UNVERFEHRT	DIRECTOR	1.0	Director	$0	$0	$0
LISA JAMES	DIRECTOR	1.0	Director	$0	$0	$0
MARK HOCUTT	DIRECTOR	1.0	Director	$0	$0	$0
PETER BROWN	DIRECTOR	1.0	Director	$0	$0	$0
REGINALD WEBBER	DIRECTOR	1.0	Director	$0	$0	$0
REV BEN SLOAN	DIRECTOR	1.0	Director	$0	$0	$0
TERRY DAVIS	DIRECTOR	1.0	Director	$0	$0	$0
VALERIE AIKEN	DIRECTOR	1.0	Director	$0	$0	$0
WARNER BROWN	DIRECTOR	1.0	Director	$0	$0	$0
CRAIG J CURREY	CEO	45.0	Officer	$123,846	$4,954	$128,800

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	$4,685,795	$5,162,608	$15,042,685	$-476,813
2024	$4,613,598	$4,563,495	$15,005,093	$50,103
2023	$4,204,879	$3,964,380	$13,185,437	$240,499
2022	$5,201,578	$3,706,002	$11,119,935	$1,495,576
2021	$2,947,934	$2,946,541	$9,616,170	$1,393
2021	$3,091,948	$2,985,884	$9,708,343	$106,064
2020	$2,586,474	$2,820,235	$9,908,694	$-233,761
2019	$2,563,678	$2,821,817	$9,842,846	$-258,139