HOUSING PLUS

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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

2010

Legal Domicile

Principal Officer

DANIEL ADAMS

Phone

8013169118

Tax Period

2024-01-01 to 2024-12-31

HOUSING PLUS, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 35% operating margin.

Mission

INNOVATIVELY UTILIZE RESOURCES TO PRESERVE & CREATE QUALITY AFFORDABLE MULTI-FAMILY HOUSING COMMITTED TO FULFILLING INDIVIDUAL HOUSING NEEDS AND STABILIZE NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $570,003 Revenue: $840,095

INNOVATIVELY UTILIZE RESOURCES TO PRESERVE AND CREATE QUALITY AFFORDABLE MULTI-FAMILY HOUSING COMMITTED TO FULFILLING INDIVIDUAL HOUSING NEEDS AND STABILIZE NEIGHBORHOODS.

Program 2

Expenses: $158,692 Revenue: $379,686

HOUSING PLUS OWNS .01% INTEREST IN CROWN AT GEMINI MEADOWS, LLC; CROWN AT HUNTER GLEN, LLC; CROWN AT ASH CREEK, LLC; WOODED MOUNTAIN, LLC; AND CROWN GEMINI MEADOWS II, LLC. THESE ENTITIES WILL...

HOUSING PLUS OWNS .01% INTEREST IN CROWN AT GEMINI MEADOWS, LLC; CROWN AT HUNTER GLEN, LLC; CROWN AT ASH CREEK, LLC; WOODED MOUNTAIN, LLC; AND CROWN GEMINI MEADOWS II, LLC. THESE ENTITIES WILL PROVIDE SINGLE FAMILY HOMES IN UTAH WHICH WILL BE SUBJECT TO RENT RESTRICTIONS AND QUALIFIED TENANT RESTRICTIONS.

Program 3

HOUSING PLUS ACQUIRES AND RE-SELLS LAND TO PRESERVE LAND FOR AFFORDABLE 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 $1,219,781

Investment Income $203,215

Other Revenue $0

TOTAL REVENUE $1,422,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $728,695

Other Expenses $923,531

TOTAL EXPENSES $923,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,422,996	$981,752	+0.4%
Expenses	$923,531	$900,011	+0.0%
Net Income	$499,465	$81,741	+5.1%

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

$473,765

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ADAMS	EXECUTIVE DIRECTOR	13.33	Officer	$0	$33,346	$280,846
AMY THORNTON	CHIEF OPERATING OFFICER	13.33	Officer	$0	$28,124	$192,919
KIMBERLY CHYTRAUS	CHAIR	1.00	Officer Director	$0	$0	$0
LEE DIAL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MISSY KEY	TREASURER	1.00	Officer Director	$0	$0	$0
KISTY MORRIS	FORMER CHAIR	1.00	Officer Director	$0	$0	$0
JOHN RICHARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CHRISTOPULOS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA O'GRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY SHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARLENE WILDE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
ELI WILLIS	CHIEF FINANCIAL OFFICER	13.33	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	$1,422,996	$923,531	$10,402,628	$499,465
2023	$981,752	$900,011	$12,848,059	$81,741
2022	$857,889	$815,062	$11,289,228	$42,827
2021	$863,790	$787,322	$13,592,930	$76,468
2020	$1,048,849	$683,287	$13,131,918	$365,562
2019	$848,982	$815,653	$12,900,644	$33,329
2018	$1,154,868	$630,982	$12,342,087	$523,886