HIGHLANDS MUTUAL HOUSING CORPORATION INC (EIN 272095088) - 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

CRAIG ADELMAN

Phone

9164538400

Tax Period

2024-01-01 to 2024-12-31

HIGHLANDS MUTUAL HOUSING CORPORATION INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO OPERATE AFFORDABLE RENTAL 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 $0

Program Service Revenue $1,075,380

Investment Income $259,506

Other Revenue $0

TOTAL REVENUE $1,334,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,756

Fundraising Expenses $0

Program Expenses $1,565,638

Other Expenses $1,424,477

TOTAL EXPENSES $1,697,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,334,886	$1,190,642	+0.1%
Expenses	$1,697,233	$1,748,157	0.0%
Net Income	$-362,347	$-557,515	-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

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

$794,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY CRESWELL	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HIGLEY-CHAPMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TRICIA STEVENS	SECRETARY	1.00	Officer Director	$0	$0	$0
CORINNE MORRISON	TREASURER - THRU 10/24	1.00	Officer Director	$0	$0	$0
AMBER LAMASON	TREASURER - BEGAN 11/24	1.00	Officer Director	$0	$0	$0
CORINNE MORRISON	CFO - BEGAN 11/24	1.00	Officer	$0	$22	$33,909
ANNE MARIE FLYNN	CEO - BEGAN 10/24	1.00	Officer	$0	$2,502	$117,625
DANIEL FISHER	COO	1.00	Officer	$0	$14,137	$98,055
ROBERTO JIMENEZ	CEO - THRU 9/24	1.00	Officer	$0	$27,359	$252,936
JULIE GOLDFINE	CFOO - THRU 8/24	1.00	Officer	$0	$21,025	$292,158

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	$1,334,886	$1,697,233	$17,465,124	$-362,347
2023	$1,190,642	$1,748,157	$17,405,709	$-557,515
2022	$1,504,581	$1,684,175	$17,711,793	$-179,594
2021	$1,052,971	$1,483,453	$18,474,130	$-430,482
2020	$1,080,252	$1,457,273	$19,011,450	$-377,021
2019	$982,266	$1,455,884	$19,321,371	$-473,618
2018	$877,846	$1,403,616	$19,650,777	$-525,770

HIGHLANDS MUTUAL HOUSING CORPORATION INC