FIRST HOUSING CORPORATION (EIN 222652634) - 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

1985

Legal Domicile

Principal Officer

LINDA MARTIN

Phone

8605282885

Tax Period

2023-08-01 to 2024-07-31

FIRST HOUSING CORPORATION, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 11% surplus.

Mission

PROVIDE HOUSING TO LOW INCOME ELDERLY PERSONS.

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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 $1,081,709

Investment Income $482

Other Revenue $48,092

TOTAL REVENUE $1,130,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,199

Fundraising Expenses $0

Program Expenses $891,919

Other Expenses $866,604

TOTAL EXPENSES $1,009,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,283	$1,083,737	+0.0%
Expenses	$1,009,803	$1,022,436	0.0%
Net Income	$120,480	$61,301	+1.0%

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

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
ERIC MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
IDA COLEMAN	TREASURER	0.50	Officer Director	$0	$0	$0
LINDA MARTIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
LOUIS ROBERSON	DIRECTOR	0.50	Director	$0	$0	$0
ODELL SAMPSON	DIRECTOR	0.50	Director	$0	$0	$0
SARA GRANT	DIRECTOR	0.50	Director	$0	$0	$0
SHIRLEY JACKSON	SECRETARY	0.50	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	$1,130,283	$1,009,803	$1,375,435	$120,480
2023	$1,083,737	$1,022,436	$1,381,453	$61,301
2022	$1,052,079	$964,880	$1,455,089	$87,199
2021	$1,053,898	$1,034,428	$1,480,388	$19,470
2020	$1,018,614	$1,013,844	$1,424,536	$4,770
2019	$1,063,233	$982,428	$1,483,705	$80,805
2018	$1,020,057	$1,025,949	$1,577,491	$-5,892

FIRST HOUSING CORPORATION