Housing Economic Reinvestment Opportunities Inc (EIN 264311505) - 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

Legal Domicile

Principal Officer

Michael T Austin

Phone

4787525170

Tax Period

2024-01-01 to 2024-12-31

Housing Economic Reinvestment Opportunities Inc is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

The entity's purpose is to provide housing and economic opportunities for low and very-low income people and families.

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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 $5,951,101

Investment Income $81,337

Other Revenue $0

TOTAL REVENUE $6,032,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,072,138

Fundraising Expenses $0

Program Expenses $6,879,024

Other Expenses $5,806,886

TOTAL EXPENSES $6,879,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,032,438	$5,374,786	+0.1%
Expenses	$6,879,024	$6,737,944	+0.0%
Net Income	$-846,586	$-1,363,158	-0.4%

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
Ethiel Garlington	Director	0.50	Director	$0	$0	$0
Eric P Manson	Director	0.50	Director	$0	$0	$0
Joann Fowler	Director	0.50	Director	$0	$0	$0
Melinda D Robinson-Moffett	Vice Chair	0.50	Director	$0	$0	$0
Joyce Schafer	Director	0.50	Director	$0	$0	$0
Jeff C Batcher	Chair	0.50	Director	$0	$0	$0
Brittany Hadley	Treasurer/CFO	0.00	Officer	$0	$0	$0
Michael T Austin	CEO/Secretary	1.00	Officer	$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	$6,032,438	$6,879,024	$18,270,046	$-846,586
2023	$5,374,786	$6,737,944	$19,283,570	$-1,363,158
2022	$5,626,615	$6,489,857	$20,704,967	$-863,242
2021	$5,680,420	$6,481,280	$21,751,441	$-800,860
2020	$5,588,707	$5,917,798	$21,860,877	$-329,091
2019	$6,563,687	$6,137,425	$22,676,313	$426,262
2018	$5,524,147	$6,222,809	$23,702,367	$-698,662

Housing Economic Reinvestment Opportunities Inc