CHN HOUSING PARTNERS (EIN 341346763) - 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

1981

Legal Domicile

Principal Officer

KEVIN J NOWAK

Phone

2165747100

Tax Period

2023-01-01 to 2023-12-31

CHN HOUSING PARTNERS, founded in 1981, is a mid-sized nonprofit in the Housing & Shelter sector that reported $57.5M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

CHN HOUSING PARTNERS' MISSION IS TO LEVERAGE THE POWER OF AFFORDABLE HOUSING TO CHANGE LIVES AND IMPROVE COMMUNITIES.

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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 $35,292,563

Program Service Revenue $18,897,013

Investment Income $483,779

Other Revenue $2,803,807

TOTAL REVENUE $57,477,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,559,265

Fundraising Expenses $813,724

Program Expenses $53,737,124

Other Expenses $37,514,037

TOTAL EXPENSES $57,073,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,477,162	$96,765,615	-0.4%
Expenses	$57,073,302	$95,464,098	-0.4%
Net Income	$403,860	$1,301,517	-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

293

Volunteers

251

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

$1,496,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WARREN	TRUSTEE/CHAIR	2.00	Officer Director	$0	$0	$0
CAROLYNN GALLOWAY	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
SAHNARA HENDRIX-ARNEY	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
JIM POZNIK	TRUSTEE/TREASURER	2.00	Officer Director	$0	$0	$0
CAROLINE PEAK	TRUSTEE	2.00	Director	$0	$0	$0
CATHRYN GREENWALD	TRUSTEE	2.00	Director	$0	$0	$0
CHERI SMITH	TRUSTEE	2.00	Director	$0	$0	$0
DAN LAST	TRUSTEE	2.00	Director	$0	$0	$0
DAVID RONEY	TRUSTEE	2.00	Director	$0	$0	$0
DENISE CASINO	TRUSTEE	2.00	Director	$0	$0	$0
GARY SARDON	TRUSTEE	2.00	Director	$0	$0	$0
KATHY HEXTER	TRUSTEE	2.00	Director	$0	$0	$0
KRUME STOJANOVSKI	TRUSTEE	2.00	Director	$0	$0	$0
LORETTA HUNTER	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL SERING	TRUSTEE	2.00	Director	$0	$0	$0
MIKE GRIFFIN	TRUSTEE	2.00	Director	$0	$0	$0
NICK DISANTO	TRUSTEE	2.00	Director	$0	$0	$0
PETER MEISEL	TRUSTEE	2.00	Director	$0	$0	$0
REV JIMMY GATES SR	TRUSTEE	2.00	Director	$0	$0	$0
SERONICA POWELL	TRUSTEE	2.00	Director	$0	$0	$0
TERRELL SANDERS	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN J NOWAK	PRESIDENT AND CEO	40.00	Officer	$250,697	$55,466	$306,163
MARY SMIGELSKI	CHIEF FINANCIAL OFFICER	40.00	Officer	$211,448	$52,336	$263,784
PATRICK KENNEY	CHIEF OPERATING OFFICER	40.00	Officer	$190,194	$39,854	$230,048
JANET REED-JAMES	CHIEF HUMAN RESOURCE OFFIC	40.00	Officer	$178,734	$63,060	$241,794
JOHN MILLER	CHIEF IMPLEMENTATION OFFIC	40.00	Officer	$173,108	$23,977	$197,085
MARK WHIPKEY	CHIEF OF ASSET MANAGEMENT	40.00	Officer	$201,066	$56,926	$257,992
JOE HALL	VICE PRESIDENT/REAL ESTATE	40.00	Highest	$185,648	$37,323	$222,971
JASON HEADEN	VICE PRESIDENT/DETROIT MAR	40.00	Highest	$165,547	$4,958	$170,505
KATE CARDEN	VICE PRESIDENT/PROGRAMS	40.00	Highest	$155,340	$8,057	$163,397
CHERYL MCHALLAM	REAL ESTATE DEVELOPMENT MANAGER	40.00	Highest	$150,500	$1,317	$151,817
JUSTIN FLEMING	VICE PRESIDENT/SINGLE-FAMILY PRESERVATION	40.00	Highest	$144,710	$48,353	$193,063

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	$57,477,162	$57,073,302	$89,144,274	$403,860
2022	$96,765,615	$95,464,098	$94,453,168	$1,301,517
2021	$91,427,214	$88,247,595	$74,492,798	$3,179,619
2020	$51,201,852	$48,298,403	$69,344,591	$2,903,449
2019	$34,094,906	$35,392,766	$60,325,844	$-1,297,860
2018	$34,142,545	$34,050,040	$64,545,346	$92,505

CHN HOUSING PARTNERS