HOUSING ASSISTANCE OFFICE INC (EIN 351327581) - 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

1974

Legal Domicile

Principal Officer

JANEEN CONBOY

Phone

5742569444

Tax Period

2023-10-01 to 2024-09-30

HOUSING ASSISTANCE OFFICE INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $425K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $554K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO BE AN ADVOCATE AND REGIONAL PROVIDER FOR SAFE, AFFORDABLE HOUSING AND SUPPORT PROGRAMS THAT ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE WE SERVE.

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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 $425,146

Investment Income $0

Other Revenue $0

TOTAL REVENUE $425,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,469

Fundraising Expenses $0

Program Expenses $481,622

Other Expenses $423,616

TOTAL EXPENSES $554,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,146	$464,653	-0.1%
Expenses	$554,085	$564,238	0.0%
Net Income	$-128,939	$-99,585	+0.3%

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

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

$48,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANEEN CONBOY	DIRECTOR	37.50	Officer	$40,973	$7,274	$48,247
LONNIE L DOUGLAS	CHAIRMAN & T	0.25	Officer Director	$0	$0	$0
WILLIAM G HUYS	SECRETARY &	0.25	Officer Director	$0	$0	$0
HOLLIS E HUGHES JR	VICE CHAIR &	0.25	Officer Director	$0	$0	$0
NEVIN J SIQUEIRA	TREASURER &	0.50	Officer 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
2025	No data	No data	No data	No data
2024	$425,146	$554,085	$2,532,110	$-128,939
2023	$464,653	$564,238	$2,690,461	$-99,585
2022	$505,822	$563,462	$2,912,285	$-57,640
2021	$552,373	$582,799	$3,067,442	$-30,426
2020	$532,252	$580,691	$3,225,583	$-48,439
2019	$541,238	$575,890	$3,411,567	$-34,652
2018	$571,935	$596,800	$3,561,110	$-24,865

HOUSING ASSISTANCE OFFICE INC