SOUTHERN IN HOUSING & COMMUNITY DE… - 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

2004

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN IN HOUSING & COMMUNITY DEVELOPMENT CORP, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 647% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE AND DEVELOP THE SOCIAL, ECONOMIC, AND PHYSICAL RESOURCES OF COMMUNITIES AROUND INDIANA AND THEIR RESIDENTS; TO IMPROVE THE QUALITY OF HOUSING AND ASSIST IN THE DEVELOPMENT OF EMPLOYMENT OPPORTUNITIES PARTICULARLY FOR PERSONS OF LOW TO MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $8,731,047 Revenue: $9,027,696

TO ENHANCE AND DEVELOP THE SOCIAL, ECONOMIC & PHYSICAL RESOURCES OF COMMUNITIES AROUND INDIANA AND THEIR RESIDENTS; TO IMPROVE THE QUALITY OF HOUSING AND ASSIST IN DEVELOPING EMPLOYMENT...

TO ENHANCE AND DEVELOP THE SOCIAL, ECONOMIC & PHYSICAL RESOURCES OF COMMUNITIES AROUND INDIANA AND THEIR RESIDENTS; TO IMPROVE THE QUALITY OF HOUSING AND ASSIST IN DEVELOPING EMPLOYMENT OPPORTUNITIES, PARTICULARLY FOR PERSONS OF LOW TO MODERATE INCOME.

Program 2

Expenses: $516,177 Revenue: $206,684

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS IN THE RUSH COUNTY, INDIANA AREA.

Program 3

Expenses: $38,459 Revenue: $48,555

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME SENIOR CITIZENS IN COLUMBUS, INDIANA.

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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 $8,408,349

Program Service Revenue $790,239

Investment Income $-5,881

Other Revenue $90,228

TOTAL REVENUE $9,282,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,118

Fundraising Expenses $0

Program Expenses $9,285,683

Other Expenses $9,314,897

TOTAL EXPENSES $9,483,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,282,935	$1,242,258	+6.5%
Expenses	$9,483,015	$1,569,176	+5.0%
Net Income	$-200,080	$-326,918	-0.4%

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

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
ERIC FREY	FORMER EXEC DIRECTOR	20.00		$47,696	$0	$47,696
JANICE NICKEO-PENDERGRASS	DIRECTOR	2.00	Director	$0	$0	$0
STACI MULLINS	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN CHERRY	DIRECTOR	2.00	Director	$0	$0	$0
CHARITY WILDER	DIRECTOR	2.00	Director	$0	$0	$0
DIANE DOUP	DIRECTOR	2.00	Director	$0	$0	$0
KATHY ERTEL	DIRECTOR	2.00	Director	$0	$0	$0
MACK PORTER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIE DAUSCH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICIA COONS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRYAN MESSMORE	TREASURER	2.00	Officer Director	$0	$0	$0
TOBI HERRON	EXECUTIVE DIRECTOR	20.00	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	No data	No data	No data	No data
2023	$9,282,935	$9,483,015	$9,207,446	$-200,080
2022	$1,242,258	$1,569,176	$9,566,609	$-326,918
2021	$544,478	$928,529	$9,451,711	$-384,051
2020	$359,447	$600,004	$9,876,272	$-240,557
2019	$327,940	$861,072	$9,650,772	$-533,132
2018	$708,088	$263,141	$6,990,659	$444,947

SOUTHERN IN HOUSING & COMMUNITY DEVELOPMENT CORP