COMMUNITY HOUSING INITIATIVE 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

1998

Legal Domicile

Principal Officer

MITCHELL L WALTERS

Phone

3178344756

Tax Period

2022-11-01 to 2023-10-31

COMMUNITY HOUSING INITIATIVE INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $974K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF INTERNAL REVENUE CODE. CONSISTENT WITH THESE PURPOSES, COMMUNITY HOUSING IS ORGANIZED TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME PERSONS AND TO PROMOTE, FORMULATE, CONDUCT, ADMINISTER AND OTHERWISE ASSIST IN RESEARCH, PROGRAMS AND STUDIES IN THE FILES OF HOUSING AND URBAN DEVELOPMENT. COMMUNITY HOUSING IS A PUBLIC BENEFIT CORPORATION WITHIN THE MEANING OF I.C. 23-17-2-23.

Program Service Accomplishments

Program 1

Expenses: $862,774 Revenue: $482,293

TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS SUBSIDIZED BY A CONTRACT WITH U.S. DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT. COMMUNITY HOUSING IS MADE UP OF SIX APARTMENT...

TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS SUBSIDIZED BY A CONTRACT WITH U.S. DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT. COMMUNITY HOUSING IS MADE UP OF SIX APARTMENT COMPLEXES LOCATED IN INDIANA AND ARIZONA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $484,464

Program Service Revenue $482,293

Investment Income $1,366

Other Revenue $5,990

TOTAL REVENUE $974,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,482

Fundraising Expenses $0

Program Expenses $862,774

Other Expenses $882,085

TOTAL EXPENSES $1,066,567

Year-over-Year Comparison

	2022	2021	Change
Revenue	$974,113	$901,699	+0.1%
Expenses	$1,066,567	$942,564	+0.1%
Net Income	$-92,454	$-40,865	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL L WALTERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHANIE J WALTERS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN K WALTERS	VP	2.00	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	No data	No data	No data	No data
2023	$974,113	$1,066,567	$1,726,802	$-92,454
2022	$901,699	$942,564	$1,881,753	$-40,865
2021	$934,991	$900,093	$1,917,804	$34,898
2020	$952,097	$756,699	$1,927,101	$195,398
2019	$714,330	$758,963	$1,899,331	$-44,633