HOUSING INDEPENDENCE INC (EIN 270938109) - 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

ZACHARY HOWELL

Phone

5032728908

Tax Period

2024-01-01 to 2024-12-31

HOUSING INDEPENDENCE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE PROGRAMS AND SERVICES AND AFFORDABLE HOUSING OPTIONS FOR ADULTS WITH DEVELOPMENTAL DISABLITIES.

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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 $1,132

Program Service Revenue $1,167,871

Investment Income $234

Other Revenue $0

TOTAL REVENUE $1,169,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,105,080

Fundraising Expenses $25,041

Program Expenses $1,155,103

Other Expenses $200,260

TOTAL EXPENSES $1,305,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,169,237	$1,135,242	+0.0%
Expenses	$1,305,340	$855,186	+0.5%
Net Income	$-136,103	$280,056	-1.5%

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

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

$196,404

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY HOWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN FREEDMAN	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
DOUG WAUGH	SECRETARY/TR	0.25	Officer Director	$0	$0	$0
KAREN VOISS	EXECUTIVE DI	40.00	Key Emp	$192,693	$3,711	$196,404

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	$1,169,237	$1,305,340	$272,042	$-136,103
2023	$1,135,242	$855,186	$403,950	$280,056
2022	$823,286	$856,366	$123,630	$-33,080
2021	$747,441	$725,508	$156,472	$21,933
2020	$836,375	$775,937	$135,236	$60,438
2019	$676,721	$654,855	$65,785	$21,866
2018	$604,514	$625,882	$43,586	$-21,368

HOUSING INDEPENDENCE INC