Hobart Housing Urban Renewal Corporation (EIN 300749639) - 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

2012

Legal Domicile

Principal Officer

Joann Tassone-Dost

Phone

2018584460

Tax Period

2023-01-01 to 2023-12-31

Hobart Housing Urban Renewal Corporation, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $89K in total revenue in fiscal year 2023. Expenses of $132K exceeded revenue, resulting in a 48% operating deficit.

Mission

8 unit residential building for low income and developmentally disabled residents

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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 $0

Program Service Revenue $89,469

Investment Income $22

Other Revenue $0

TOTAL REVENUE $89,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,408

Other Expenses $132,408

TOTAL EXPENSES $132,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,491	$92,321	0.0%
Expenses	$132,408	$135,968	0.0%
Net Income	$-42,917	$-43,647	0.0%

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

$72,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Dittich	President	2.00	Officer	$0	$0	$0
Joann Tassone-Dost	Vice President	2.00	Officer	$0	$0	$72,289
Rev Gary Grindeland	Trustee	1.00	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
2023	$89,491	$132,408	$2,498,739	$-42,917
2022	$92,321	$135,968	$2,557,236	$-43,647
2021	$92,947	$138,486	$2,611,474	$-45,539
2020	$74,386	$114,497	$2,664,478	$-40,111
2019	$769,130	$76,077	$2,716,852	$693,053

Hobart Housing Urban Renewal Corporation