PARTNERS IN HOUSING DEVELOPMENT CORPORATION (EIN 351917637) - 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

1993

Legal Domicile

Principal Officer

JENNIFER GREEN

Phone

3176331861

Tax Period

2023-01-01 to 2023-12-31

PARTNERS IN HOUSING DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Net assets of $16.2M represent 89 months of operating reserves.

Mission

PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES.

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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 $3,123,814

Program Service Revenue $330,993

Investment Income $-1,158,101

Other Revenue $-105,943

TOTAL REVENUE $2,190,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,114,671

Fundraising Expenses $46,569

Program Expenses $400,886

Other Expenses $1,228,661

TOTAL EXPENSES $2,343,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,190,763	$1,351,065	+0.6%
Expenses	$2,343,332	$2,279,978	+0.0%
Net Income	$-152,569	$-928,913	-0.8%

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

$147,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER GREEN	EXECUTIVE DIRECTOR	1.00	Officer	$147,201	$0	$147,201
JANINE BETSEY	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
WALTER FREIHOFER	VICE CHAIRMAN/SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY OVERBEY	TREASURER	1.00	Officer Director	$0	$0	$0
KATHLEEN LARA	DIRECTOR	1.00	Director	$0	$0	$0
TRELLES EVAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARVONNE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD RICE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNA TAFT	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,190,763	$2,343,332	$18,640,162	$-152,569
2022	$1,351,065	$2,279,978	$15,752,752	$-928,913
2021	$2,710,843	$2,068,967	$15,904,902	$641,876
2020	$4,885,209	$2,784,143	$15,247,443	$2,101,066
2019	$3,928,231	$3,253,810	$12,861,256	$674,421
2018	$2,414,281	$3,951,844	$12,866,591	$-1,537,563

PARTNERS IN HOUSING DEVELOPMENT CORPORATION