INDEPENDENT HOUSING II INC C/O CARR PROPERTY MANAGEMENT INC (EIN 223293415) - 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

1994

Legal Domicile

Principal Officer

WILLIAM G SHEEHAN

Phone

4135254321

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT HOUSING II INC C/O CARR PROPERTY MANAGEMENT INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $676K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $795K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME ELDERLY.

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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 $388,264

Program Service Revenue $271,365

Investment Income $673

Other Revenue $15,714

TOTAL REVENUE $676,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $544,562

Other Expenses $794,646

TOTAL EXPENSES $794,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,016	$617,683	+0.1%
Expenses	$794,646	$813,156	0.0%
Net Income	$-118,630	$-195,473	-0.4%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE B AHERN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN T AHERN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA AVERY	CLERK/SECRET	1.00	Officer Director	$0	$0	$0
JAMES BURR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GAIL B HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS HYDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN P PERRY JR	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MORALES	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY NIEVES-ROQUE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM G SHEEHAN	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$676,016	$794,646	$2,941,544	$-118,630
2022	$617,683	$813,156	$3,126,219	$-195,473
2021	$598,979	$731,898	$3,273,965	$-132,919
2020	$606,349	$727,827	$3,383,863	$-121,478
2019	$569,166	$728,895	$3,552,844	$-159,729
2018	$592,546	$691,609	$3,669,357	$-99,063

INDEPENDENT HOUSING II INC C/O CARR PROPERTY MANAGEMENT INC