Found House-Interfaith Housing Net… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

Scott Deters

Phone

5134711100

Tax Period

2023-01-01 to 2023-12-31

Found House-Interfaith Housing Network, founded in 1991, is a community nonprofit in the Religion sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Provide homeless families emergency shelter and hospitality through interfaith communities and to work with families to find and retain stable housing.

Program Service Accomplishments

Program 1

Expenses: $4,237,383

Found House-Interfaith Housing Network (FHIHN) provides emergency shelter and housing programs for homeless families. FHIHN programs are designed to break the cycle of homelessness. In 2023, FHIHN...

Found House-Interfaith Housing Network (FHIHN) provides emergency shelter and housing programs for homeless families. FHIHN programs are designed to break the cycle of homelessness. In 2023, FHIHN served 380 families comprised of 1,255 individuals, 62% of whom were children. 93% of families served in 2023 achieved stable housing and 92% of those families maintained their housing and did not return to homelessness within two years. The emergency shelter program met the basic needs of 21 households in 2023. Normal operations are provided with the help of more than 100 partner congregations provided overnight shelter sites and three daily meals at houses of worship located throughout the City of Cincinnati. During this time the FHIHN transportation program shuttled families between congregational host sites and the FHIHN Day Center. At the Day Center, families worked with staff to gain stable housing and income. Children's needs were addressed through the child enrichment program, which provided school and developmental support for 74 children. The pet program extended care and/or assistance to four-legged family members, allowing 310 pets to stay on-site or with fosters while their human families worked to attain housing. Case Management and housing goals were implemented in the same way as in normal operations, and the use of congregational volunteers was limited, to ensure the health and safety for all.

Program 2

Revenue: $279,152

Found House-Interfaith Housing Network (FHIHN) also offers community-based programs that help families maintain stability. In 2023, the shelter diversion program helped 62 families avoid homelessness through case management, housing placement and resources. Rapid rehousing provided short-term case management and financial assistance for 84 families. FHIHN's Youth Homelessness demonstration project served 13 families with a head of household between the ages of 18-24 with specialized case management and unique financial and physical supports to achieve stability. FHIHN's joint transitional-rapid rehousing program served 45 families through its site-based and scattered-site approach to move families quickly from shelter into their own unit and provided enhanced supports around child development. Permanent supportive housing provided case management and rental support for 76 families who have a member with a disability and a history of chronic homelessness, helping them to maintain their housing in the community. Aftercare services provided 79 families with extended case management following an emergency shelter stay and served as a safety-net for former guests facing temporary difficulties.

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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 $4,359,930

Program Service Revenue $279,152

Investment Income $16,417

Other Revenue $13,394

TOTAL REVENUE $4,668,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,628,805

Fundraising Expenses $118,383

Program Expenses $4,237,383

Other Expenses $2,954,689

TOTAL EXPENSES $4,583,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,668,893	$4,235,662	+0.1%
Expenses	$4,583,494	$3,974,751	+0.2%
Net Income	$85,399	$260,911	-0.7%

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

800

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

$212,015

Total Directors