Housing Opportunities Inc

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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

2000

Legal Domicile

Principal Officer

Jonathan Edwards

Phone

2195482800

Tax Period

2023-07-01 to 2024-06-30

Housing Opportunities Inc, founded in 2000, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 38% operating margin.

Mission

Housing Opportunities Inc. works to resolve and prevent homelessness in our communities by providing emergency housing, permanent supportive housing, affordable rentals, rental assistance, housing counseling, street outreach services, and supportive case management.

Program Service Accomplishments

Program 1

Expenses: $846,255 Revenue: $745,889

Affordable Rentals - Income-based rental housing to provide lower income individuals and families with access to safe, affordable housing. 333 clients housed in fiscal year ending June 30, 2023. As of the fiscal year end, Housing Opportunities, Inc owns and/or manages 195 Affordable Rental units through low-income housing tax credit partnerships.

Program 2

Expenses: $705,393 Revenue: $72,494

Permanent Supportive Housing - Supportive rental housing and individualized case management services for persons/families with diagnosed disabilities. 149 clients were housed during fiscal year...

Permanent Supportive Housing - Supportive rental housing and individualized case management services for persons/families with diagnosed disabilities. 149 clients were housed during fiscal year ending June 30, 2024. Housing Opportunities owned and/or managed 58 Permanent Supportive Housing units as of fiscal year end.

Program 3

Expenses: $491,951 Revenue: $81,527

Rental Assistance (Rapid Rehousing) - Financial assistance and services to prevent individuals and families from becoming homeless or to help those who are experiencing homelessness to be quickly...

Rental Assistance (Rapid Rehousing) - Financial assistance and services to prevent individuals and families from becoming homeless or to help those who are experiencing homelessness to be quickly re-housed and stabilized in rental units within the community. Housing Opportunities, Inc housed 91 Rental Assistance clients during the fiscal year ending June 30, 2024.

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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 $4,712,809

Program Service Revenue $943,173

Investment Income $32,947

Other Revenue $18,163

TOTAL REVENUE $5,707,092

Expense Breakdown

Grants Paid $259,440

Salaries & Benefits $1,479,864

Fundraising Expenses $96,104

Program Expenses $2,962,748

Other Expenses $1,773,734

TOTAL EXPENSES $3,513,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,707,092	$4,954,371	+0.2%
Expenses	$3,513,038	$3,922,311	-0.1%
Net Income	$2,194,054	$1,032,060	+1.1%

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

$234,087

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 - Start 08/23	1.00	Officer Director	$0	$0	$0
Ben Schottel	Director	1.00	Director	$0	$0	$0
Julie Anderson	Director - Start 08/23	1.00	Director	$0	$0	$0
Nina Wiseman	Director-Exit 7/23	1.00	Director	$0	$0	$0
Jocelyn Hibshman	Chair-Exit 7/23	1.00	Officer Director	$0	$0	$0
Wes Barnes	Vice Chair-Exit 7/23	1.00	Officer Director	$0	$0	$0
Harriet Fagan	Director-Exit 7/23	1.00	Director	$0	$0	$0
Phyllis Schroeder	Director-Exit 7/23	1.00	Director	$0	$0	$0
Joe Grossbauer	Director-Exit 7/23	1.00	Director	$0	$0	$0
Tim Knauff	Secretary-Exit 7/23	1.00	Officer Director	$0	$0	$0
Brandi Anstine	Director-Exit 7/23	1.00	Director	$0	$0	$0
Nils Dietz	Director-Exit 7/23	1.00	Director	$0	$0	$0
Marisa Verdugo	Director-Exit 7/23	1.00	Director	$0	$0	$0
Jordan Stanfill	Chief Housing Officer	40.00	Officer	$87,629	$3,424	$139,030
Lynda Gravier	Director of Finance	40.00	Officer	$55,844	$2,277	$95,057

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