Housing Benefits (EIN 260215059) - 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

2009

Legal Domicile

Principal Officer

Maria Devlin

Phone

6036419441

Tax Period

2024-01-01 to 2024-12-31

Housing Benefits, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $5.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

Purchase and development of transitional and low-income housing.

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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 $1,727,418

Program Service Revenue $2,954,431

Investment Income $43,691

Other Revenue $210,722

TOTAL REVENUE $4,936,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $942,842

Fundraising Expenses $322,328

Program Expenses $4,757,803

Other Expenses $4,621,708

TOTAL EXPENSES $5,564,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,936,262	$5,232,381	-0.1%
Expenses	$5,564,550	$5,410,877	+0.0%
Net Income	$-628,288	$-178,496	+2.5%

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

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

$543,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura King	Treasurer	1.00	Officer Director	$0	$0	$0
Josh Reap	Secretary	1.00	Officer Director	$0	$0	$0
Patrick Long	Director	1.00	Director	$0	$0	$0
Russell Miller	Director	1.00	Director	$0	$0	$0
Chad Campbell	Past Chair	1.00	Officer Director	$0	$0	$0
Brian Hansen	Past Vice Chair	1.00	Officer Director	$0	$0	$0
Richard Goulette	Past Director	1.00	Director	$0	$0	$0
Maria Devlin	President/CEO	16.00	Officer	$0	$31,879	$223,206
Kerry Pelleran	Chief Operating Officer	20.00	Officer	$0	$5,835	$157,306
Daniel Kern	Chief Financial Officer	0.00	Officer	$0	$17,433	$162,902

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	$4,936,262	$5,564,550	$26,316,227	$-628,288
2023	$5,232,381	$5,410,877	$27,418,018	$-178,496
2022	$3,609,406	$4,446,007	$24,938,003	$-836,601
2021	$2,975,053	$3,857,005	$19,848,686	$-881,952
2020	$2,978,794	$3,554,758	$20,714,993	$-575,964
2019	$2,726,027	$3,160,975	$21,280,134	$-434,948
2018	$2,036,948	$2,064,158	$17,860,090	$-27,210

Housing Benefits