FIRST SHARED HOUSING CORP (EIN 222536011) - 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

1988

Legal Domicile

Principal Officer

ANDREW ANDERSON

Phone

2158258800

Tax Period

2024-06-01 to 2025-05-31

FIRST SHARED HOUSING CORP, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $102K left a modest 3% surplus.

Mission

THE CORPORATION OWNS AND MANAGES 6 UNITS OF SHARED SENIOR HUSING FOR LOW INCOME SENIOR CITIZENS

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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 $88,185

Program Service Revenue $17,508

Investment Income $4

Other Revenue $0

TOTAL REVENUE $105,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,176

Fundraising Expenses $0

Program Expenses $75,614

Other Expenses $87,025

TOTAL EXPENSES $102,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,697	$76,617	+0.4%
Expenses	$102,201	$110,445	-0.1%
Net Income	$3,496	$-33,828	-1.1%

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

N/A

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

$373,847

Total Directors

$227,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW ANDERSON	PRESIDENT/SECRETARY	1.00	Officer Director	$0	$6,613	$227,046
HOLLISTER KNOWLTON	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE DAVIS	ASST SECRETARY	1.00	Officer	$0	$6,991	$146,801

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	$105,697	$102,201	$77,746	$3,496
2024	$76,617	$110,445	$77,064	$-33,828
2023	$70,434	$92,750	$112,217	$-22,316
2022	$75,359	$92,373	$86,075	$-17,014
2021	$70,101	$71,530	$89,333	$-1,429
2020	$79,370	$77,489	$93,278	$1,881
2019	$96,545	$76,535	$88,659	$20,010

FIRST SHARED HOUSING CORP