SOUTHERN INDIANA HOUSING DEVELOPME… - 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

2003

Legal Domicile

Principal Officer

ERIN FLEMING

Phone

8124254241

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN INDIANA HOUSING DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $359K in total revenue in fiscal year 2024. Revenue surged 466% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 66% operating margin.

Mission

PROVIDE LOW-INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $96,820 Revenue: $28,260

REVENUE AND EXPENSES DIRECTLY RELATE TO THE CONTINUOUS MAINTENANCE AND OPERATIONS OF A LOW-INCOME HOUSING PROJECT, LOCATED IN EVANSVILLE, INDIANA. THE PROJECT IS UNDER CONTRACT WITH AND UNDER...

REVENUE AND EXPENSES DIRECTLY RELATE TO THE CONTINUOUS MAINTENANCE AND OPERATIONS OF A LOW-INCOME HOUSING PROJECT, LOCATED IN EVANSVILLE, INDIANA. THE PROJECT IS UNDER CONTRACT WITH AND UNDER SPECIFIC GUIDELINES ADMINISTERED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $59,576

Program Service Revenue $28,260

Investment Income $102

Other Revenue $271,118

TOTAL REVENUE $359,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,320

Fundraising Expenses $0

Program Expenses $96,820

Other Expenses $100,001

TOTAL EXPENSES $120,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,056	$63,411	+4.7%
Expenses	$120,321	$140,923	-0.1%
Net Income	$238,735	$-77,512	-4.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SISTER JANE NESMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA BECKNER	BOARD MEMBER	2.00	Director	$0	$0	$0
FLOYD EDWARDS	PRESIDENT	2.00	Officer	$0	$0	$0
MARY HART	SECRETARY	2.00	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	$359,056	$120,321	$559,464	$238,735
2023	$63,411	$140,923	$568,051	$-77,512
2022	$76,703	$117,056	$568,393	$-40,353
2021	$52,831	$78,646	$557,697	$-25,815
2020	$53,394	$71,217	$562,382	$-17,823
2019	$47,681	$80,044	$581,992	$-32,363
2018	$43,253	$69,584	$602,443	$-26,331

SOUTHERN INDIANA HOUSING DEVELOPMENT CORPORATION