WARREN HOUSING OPPORTUNITIES CORPORATION (EIN 223364562) - 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

1995

Legal Domicile

Principal Officer

JOHN WHITEHEAD

Phone

9086897525

Tax Period

2023-01-01 to 2023-12-31

WARREN HOUSING OPPORTUNITIES CORPORATION, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $65K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 81% operating deficit.

Mission

TO PROVIDE CONSUMERS OF MENTAL HEALTH SERVICES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS.

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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 $7,459

Program Service Revenue $57,874

Investment Income $2

Other Revenue $0

TOTAL REVENUE $65,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,602

Other Expenses $118,537

TOTAL EXPENSES $118,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,335	$385,443	-0.8%
Expenses	$118,537	$121,631	0.0%
Net Income	$-53,202	$263,812	-1.2%

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

$91,671

Total Directors

$91,671

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOU BALDINO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN WHITEHEAD	TREASURER	0.50	Officer Director	$0	$4,207	$91,671
MIKE SCHWAR	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHARLOTTE GIANTESANO	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER INFINITO	TRUSTEE	0.50	Director	$0	$0	$0
ERIK SCHNEIDER	TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$65,335	$118,537	$617,893	$-53,202
2022	$385,443	$121,631	$663,838	$263,812
2021	$71,104	$89,584	$398,630	$-18,480
2020	$72,079	$85,943	$424,835	$-13,864
2019	$70,296	$99,606	$439,541	$-29,310
2018	$65,178	$96,271	$468,791	$-31,093

WARREN HOUSING OPPORTUNITIES CORPORATION