FAIR SHARE HOUSING DEVELOPMENT 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

1986

Legal Domicile

Principal Officer

PETER J O'CONNOR

Phone

8564399901

Tax Period

2024-01-01 to 2024-12-31

FAIR SHARE HOUSING DEVELOPMENT INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 53% operating margin.

Mission

PROVIDE LOW AND MODERATE INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $1,090,488

DEVELOPMENT AND MANAGEMENT OF LOW AND MODERATE INCOME HOUSING, INCLUDING PLANNING AND CONSTRUCTION

Program 2

Expenses: $94,155

TO PROVIDE EDUCATION SERVICES TO DISADVANTAGED SCHOOL CHILDREN

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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 $1,197,821

Program Service Revenue $873,561

Investment Income $1,452,161

Other Revenue $-697

TOTAL REVENUE $3,522,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,635

Fundraising Expenses $424

Program Expenses $1,184,643

Other Expenses $607,400

TOTAL EXPENSES $1,641,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,522,846	$6,289,139	-0.4%
Expenses	$1,641,035	$1,542,236	+0.1%
Net Income	$1,881,811	$4,746,903	-0.6%

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

$194,355

Total Directors

$353,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER J O'CONNOR	PRESIDENT/EX	40.00	Officer Director	$0	$0	$98,889
MARIE MELENDEZ	TREASURER	40.00	Director	$0	$0	$82,262
ALLISON BURKETT	TRUSTEE	40.00	Director	$0	$0	$38,009
DEBORAH DELGRANDE	SECRETARY	40.00	Officer Director	$0	$0	$95,466
JEAN BRUNO	TRUSTEE	40.00	Director	$0	$0	$38,933

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	$3,522,846	$1,641,035	$39,690,500	$1,881,811
2023	$6,289,139	$1,542,236	$37,415,231	$4,746,903
2022	$6,424,978	$1,387,491	$32,607,854	$5,037,487
2021	$2,843,558	$1,369,766	$26,553,664	$1,473,792
2020	$3,669,244	$1,141,914	$23,840,708	$2,527,330
2019	$3,812,025	$2,070,067	$19,886,526	$1,741,958
2018	$2,510,812	$698,321	$19,419,666	$1,812,491