Faith 7 Housing Inc

EIN: 205829788 501(c)(3) Housing & Shelter

Shawnee, OK

Total Revenue
$115,012
Total Expenses
$153,733
Total Assets
$657,815
Net Assets
$-694,623
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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
2007
Legal Domicile
OK
Tax Period
2023-01-01 to 2023-12-31

Faith 7 Housing Inc, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $154K exceeded revenue, resulting in a 34% operating deficit.

Mission

Provide 15 units housing units to persons with disabilities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,592
Program Service Revenue $52,377
Investment Income $354
Other Revenue $16,689
TOTAL REVENUE $115,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,713
Fundraising Expenses $0
Program Expenses $148,133
Other Expenses $142,020
TOTAL EXPENSES $153,733

Year-over-Year Comparison

2023 2022 Change
Revenue $115,012 $97,418 +0.2%
Expenses $153,733 $148,949 +0.0%
Net Income $-38,721 $-51,531 -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

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christine Allen Board Member 1.00
Director
$0 $0 $0
Patsy Snowden Board Member 1.00
Officer Director
$0 $0 $0
Karyon Devereaux President 1.00
Officer 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
2024 No data No data No data No data
2023 $115,012 $153,733 $657,815 $-38,721
2022 $97,418 $148,949 $699,883 $-51,531
2021 $99,787 $131,696 $748,696 $-31,909
2020 $93,278 $141,461 $784,350 $-48,183
2019 $85,336 $129,695 $832,645 $-44,359
2018 $81,179 $135,119 $878,076 $-53,940
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