HOUSING ASSISTANCE OFFICE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $481,622 Revenue: $425,146

THE HAO OWNS AND MANAGES RENTAL HOUSING PROJECTS AT FIVE DIFFERENT LOCATIONS IN RURAL ST. JOSEPH COUNTY. THESE PROJECTS ARE LOCATED IN NEW CARLISLE, NORTH LIBERTY, LAKEVILLE AND WALKERTON, INDIANA...

THE HAO OWNS AND MANAGES RENTAL HOUSING PROJECTS AT FIVE DIFFERENT LOCATIONS IN RURAL ST. JOSEPH COUNTY. THESE PROJECTS ARE LOCATED IN NEW CARLISLE, NORTH LIBERTY, LAKEVILLE AND WALKERTON, INDIANA. THE PROJECTS PROVIDE SAFE, SANITARY, AND AFFORDABLE HOUSING TO LOW AND MODERATE LOW INCOME INDIVIDUALS. DUE TO THE FACT THAT THESE PROJECTS ALL HAVE SOME TYPE OF GOVERNMENT FUNDING INVOLVED, THE HAO IS OBLIGATED TO KEEP THE PROJECTS AFFORDABLE BASED ON THE STANDARDS OF THE FUNDING ORGANIZATION. TENANTS' INCOME IS VERIFIED ANNUALLY IN ORDER TO STAY IN COMPLIANCE. AS OF SEPTEMBER 30, 2024 THERE WERE 74 RESIDENTIAL UNITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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