Evans Place Housing Inc (EIN 270467500) - 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

Michelle Borden

Phone

9738392520

Tax Period

2023-07-01 to 2024-06-30

Evans Place Housing Inc, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2023. Expenses of $274K exceeded revenue, resulting in a 92% operating deficit.

Mission

TO DEVELOP AND OPERATE AFFORDABLE HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $88,334

Program Service Revenue $48,815

Investment Income $0

Other Revenue $5,923

TOTAL REVENUE $143,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,572

Other Expenses $274,425

TOTAL EXPENSES $274,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,072	$142,726	+0.0%
Expenses	$274,425	$240,299	+0.1%
Net Income	$-131,353	$-97,573	+0.3%

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

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

$212,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE L BORDEN	CEO	0.25	Officer	$0	$4,464	$142,848
Marc Mackin	CFO	0.25	Officer	$0	$4,555	$69,308
ANNE WOLFE	PRESIDENT	0.25	Officer Director	$0	$0	$0
MARIE EPISALE	SECRETARY	0.25	Officer Director	$0	$0	$0
BARBARA PENHALE	TREASURER	0.25	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	No data	No data	No data	No data
2024	$143,072	$274,425	$1,434,783	$-131,353
2023	$142,726	$240,299	$1,552,690	$-97,573
2022	$132,066	$258,812	$1,647,341	$-126,746
2021	$134,997	$228,488	$1,770,913	$-93,491
2020	$134,273	$216,102	$1,990,329	$-81,829
2019	$123,818	$248,291	$2,057,104	$-124,473
2018	$126,529	$224,948	$2,195,162	$-98,419

Evans Place Housing Inc