Hudson County Housing Resource Center Inc (EIN 223111907) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Joan Michaelson

Phone

2017955615

Tax Period

2023-01-01 to 2023-12-31

Hudson County Housing Resource Center Inc, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $277K, a strong 26% operating margin.

Mission

To protect, maintain and increase Hudson County's stock of affordable housing and to prevent homelessness. As a community housing development organization (CHDO), the corporation shall strive to provide decent affordable housing to low and moderate income families, in an effort to reduce overwhelming housing need.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $975,436

Program Service Revenue $90,871

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,066,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,838

Fundraising Expenses $0

Program Expenses $762,787

Other Expenses $670,089

TOTAL EXPENSES $788,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,066,307	$970,671	+0.1%
Expenses	$788,927	$824,995	0.0%
Net Income	$277,380	$145,676	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Michelle Vazquez	Trustee	Director	$0	$0	$0
Mauro Camporeale	Trustee	Director	$0	$0	$0
Mary Anne Dunphy	Trustee	Director	$0	$0	$0
Susan Hughes	Secretary	Officer	$0	$0	$0
Joan Michaelson	President	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
2023	$1,066,307	$788,927	$2,074,399	$277,380
2022	$970,671	$824,995	$1,798,109	$145,676
2021	$973,802	$813,374	$1,645,314	$160,428
2020	$981,859	$823,457	$1,463,245	$158,402
2019	$958,187	$853,220	$1,456,779	$104,967
2018	$915,932	$1,004,221	$1,183,805	$-88,289

Hudson County Housing Resource Center Inc