SANDSTONE HOUSING CORPORATION (EIN 237300248) - 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

1971

Legal Domicile

Principal Officer

REBECCA DELLES

Phone

3152654070

Tax Period

2024-04-01 to 2025-03-31

SANDSTONE HOUSING CORPORATION, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $477K in total revenue in fiscal year 2024. Net assets of $1.7M represent 43 months of operating reserves.

Mission

TO PROVIDE FISCAL AND ADMINISTRATIVE SERVICES TO A COMMONLY CONTROLLED ENTITY THAT PROVIDES SAFE, AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME RESIDENTS.

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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 $0

Program Service Revenue $477,374

Investment Income $0

Other Revenue $0

TOTAL REVENUE $477,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,091

Fundraising Expenses $0

Program Expenses $449,794

Other Expenses $36,883

TOTAL EXPENSES $474,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,374	$463,022	+0.0%
Expenses	$474,974	$427,181	+0.1%
Net Income	$2,400	$35,841	-0.9%

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

$69,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WELLINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID FENTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV AARON REARDON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
FELICITAS BAXTER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIMOTHY LEVISON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
REBECCA DELLES	EXECUTIVE DIRECTOR	40.00	Officer	$69,056	$0	$69,056

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	$477,374	$474,974	$1,744,101	$2,400
2024	$463,022	$427,181	$1,736,508	$35,841
2023	$736,593	$400,092	$1,703,309	$336,501
2022	$376,441	$329,658	$1,358,064	$46,783
2021	$142,112	$33,096	$1,306,427	$109,016
2020	$50,291	$18,461	$1,196,886	$31,830
2019	$363,868	$476,777	$1,166,133	$-112,909

SANDSTONE HOUSING CORPORATION