INDEPENDENT HOUSING RESOURCES EAST INC (EIN 251629873) - 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

1992

Legal Domicile

Principal Officer

LENA ANDREWS

Phone

4128293910

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT HOUSING RESOURCES EAST INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $304K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $383K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE DECENT, AFFORDABLE HOUSING FOR HANDICAPPED INDIVIDUALS.

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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 $251,140

Program Service Revenue $52,334

Investment Income $202

Other Revenue $824

TOTAL REVENUE $304,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,726

Fundraising Expenses $0

Program Expenses $352,083

Other Expenses $370,431

TOTAL EXPENSES $383,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,500	$325,045	-0.1%
Expenses	$383,157	$367,464	+0.0%
Net Income	$-78,657	$-42,419	+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

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
LENA ANDREWS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODI LINCOLN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES EASH	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH RALICH	TREASURER	1.00	Officer Director	$0	$0	$0
TIA TARRANT-JACKSON	OPERATIONS DIRECTOR	40.00	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
2024	$304,500	$383,157	$727,414	$-78,657
2023	$325,045	$367,464	$719,073	$-42,419
2022	$327,385	$366,043	$801,111	$-38,658
2021	$297,369	$326,797	$828,308	$-29,428
2020	$410,479	$334,212	$875,985	$76,267
2019	$287,409	$347,176	$904,015	$-59,767
2018	$301,790	$348,327	$942,213	$-46,537

INDEPENDENT HOUSING RESOURCES EAST INC