Housing Opportunities Inc (EIN 351965214) - Form 990 Financial Analysis & Trantor Score

🔒

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

2000

Legal Domicile

Principal Officer

Jennifer Trowbridge

Phone

2195482800

Tax Period

2024-07-01 to 2024-12-31

Housing Opportunities Inc, founded in 2000, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Net assets of $10.9M represent 90 months of operating reserves.

Mission

Housing Opportunities DBA CoAction resolves and prevents homelessness in Northwest Indiana.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $968,043

Program Service Revenue $423,312

Investment Income $70,229

Other Revenue $202

TOTAL REVENUE $1,461,786

Expense Breakdown

Grants Paid $64,378

Salaries & Benefits $535,622

Fundraising Expenses $24,633

Program Expenses $1,365,391

Other Expenses $898,964

TOTAL EXPENSES $1,498,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,461,786	$5,707,092	-0.7%
Expenses	$1,498,964	$3,513,038	-0.6%
Net Income	$-37,178	$2,194,054	-1.0%

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

N/A

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

$499,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Starin	Chair	1.00	Officer Director	$0	$0	$0
Mary Idstein	Treasurer	1.00	Officer Director	$0	$0	$0
Maria Becerra	Secretary	1.00	Officer Director	$0	$0	$0
Ben Schottel	Director	1.00	Director	$0	$0	$0
Julie Anderson	Director	1.00	Director	$0	$0	$0
Jordan Stanfill	Chief Housing Officer	20.00	Officer	$0	$5,702	$133,926
Jonathan Edwards	Chief Financial Officer	4.00	Officer	$0	$22,092	$156,001
Jennifer Trowbridge	President/Chief Executive	4.00	Officer	$0	$8,933	$209,933

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	$1,461,786	$1,498,964	$14,134,657	$-37,178
2024	$5,707,092	$3,513,038	$13,663,573	$2,194,054
2023	$4,954,371	$3,922,311	$11,269,558	$1,032,060
2022	$5,592,004	$4,463,775	$10,403,121	$1,128,229
2021	$5,242,677	$4,588,182	$8,992,058	$654,495
2020	$3,917,351	$2,854,678	$8,316,932	$1,062,673
2019	$2,996,029	$2,723,662	$7,341,731	$272,367
2018	$3,081,953	$2,709,663	$7,261,828	$372,290

Housing Opportunities Inc