OLD SWEDES HOUSING CORPORATION

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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

1999

Legal Domicile

Principal Officer

TRACY PATCHES

Phone

6109334383

Tax Period

2024-01-01 to 2024-12-31

OLD SWEDES HOUSING CORPORATION, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $138K exceeded revenue, resulting in a 151% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THOSE WITH DRUG, ALCOHOL AND MENTAL HEALTH PROBLEMS

Program Service Accomplishments

Program 1

Expenses: $134,680 Revenue: $119,323

RENTING OF AFFORDABLE HOUSING TO THOSE WITH DRUG, ALCOHOL AND MENTAL HEALTH PROBLEMS

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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 $3,775

Program Service Revenue $119,323

Investment Income $0

Other Revenue $-68,293

TOTAL REVENUE $54,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,680

Other Expenses $137,767

TOTAL EXPENSES $137,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,805	$48,273	+0.1%
Expenses	$137,767	$119,080	+0.2%
Net Income	$-82,962	$-70,807	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY PATCHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY EVANS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATHRYN EVANS	TREASURER/SE	1.00	Officer Director	$0	$0	$0
ROXANNE SUGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY MILLER	BOARD MEMBER	1.00	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	$54,805	$137,767	$-179,439	$-82,962
2023	$48,273	$119,080	$-100,294	$-70,807
2022	$86,494	$133,030	$-26,052	$-46,536
2021	$7,990	$112,010	$21,035	$-104,020
2020	$50,102	$113,873	$137,873	$-63,771
2019	$133,185	$112,927	$222,196	$20,258
2018	$71,003	$105,538	$214,474	$-34,535