Harlingen Affordable Housing Corporation (EIN 203767187) - 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

1991

Legal Domicile

Principal Officer

Hilda Benavides

Phone

9564232521

Tax Period

2024-04-01 to 2025-03-31

Harlingen Affordable Housing Corporation, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $628K in total revenue in fiscal year 2024. Revenue surged 458% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 77% operating margin.

Mission

Affordable Housing for persons of low or moderate income.

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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 $0

Program Service Revenue $628,134

Investment Income $0

Other Revenue $0

TOTAL REVENUE $628,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,126

Fundraising Expenses $0

Program Expenses $144,446

Other Expenses $106,708

TOTAL EXPENSES $144,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,134	$112,474	+4.6%
Expenses	$144,834	$115,146	+0.3%
Net Income	$483,300	$-2,672	-181.9%

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
Bettina Elliot	Director	0.25	Director	$0	$0	$0
Carlos Muniz	Director	0.25	Director	$0	$0	$0
Maria Ines Borjas	Director	0.25	Director	$0	$0	$0
Carlos Perez	President	0.25	Officer	$0	$0	$0
Irma Sanchez Pena	Vice President	0.25	Officer	$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	$628,134	$144,834	$930,431	$483,300

Harlingen Affordable Housing Corporation