HOUSING OPPORTUNITIES FOR WOMEN 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

1983

Legal Domicile

Principal Officer

BRITT SHAWVER

Phone

7734655770

Tax Period

2023-01-01 to 2023-12-31

HOUSING OPPORTUNITIES FOR WOMEN INC, founded in 1983, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.2M in total revenue in fiscal year 2023.

Mission

HOUSING OPPORTUNITIES FOR WOMEN, INC.'S ("HOW") MISSION IS TO EMPOWER WOMEN, CHILDREN AND FAMILIES TO PERMANENTLY BREAK THE CYCLE OF POVERTY AND HOMELESSNESS. FOR THE1,000 INDIVIDUALS HOW SERVES EVERY YEAR WE PROVIDE PERMANENTSUPPORTIVE HOUSING, HELP INDIVIDUALS INCREASE THEIR INCOME AND ACCESSTO BENEFITS AND IMPROVE OUR CLIENTS TO OVERCOME THE MULTIPLE BARRIERSTHAT OFTEN PREVENT HOMELESS INDIVIDUALS FROM ACHIEVING THEIR HIGHESTAND BEST POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $9,221,822 Revenue: $499,318

HOW PROVIDES PERMANENT SUPPORTIVE HOUSING TO 1,000 INDIVIDUALSANNUALLY. HOW CLIENTS ARE OFTEN DISABLED AND UNABLE TO WORK,CHRONICALLY HOMELESS AND HAVE MENTAL AND PHYSICAL HEALTH ISSUES THATNEED TO BE ADDRESSED. HEADQUARTERED IN THE ROGERS PARK NEIGHBORHOOD,HOW EMPLOYS THE HOUSING FIRST MODEL TO GET INDIVIDUALS AND FAMILIES APLACE TO CALL HOME. ONCE HOUSED WE WORK TO REINTEGRATE CLIENTS INTOTHE NEIGHBORHOOD OF CHOICE THROUGH OUR SCATTERED SITE HOUSING THATSTRETCHES ACROSS THE ENTIRE CITY OF CHICAGO. AT HOW, WE ARE FOCUSED ONBUILDING ON OUR CLIENTS INDIVIDUAL STRENGTHS AND CONNECTING THEM TOCOMMUNITY RESOURCES. THROUGH THIS COMBINATION WE CAN CREATE LASTINGPOSITIVE CHANGE FOR OUR CLIENTS.HOW CLIENTS HAVE A WIDE VARIETY OF PERSONAL AND FAMILY ISSUES THAT NEEDTO BE ADDRESSED IN ORDER TO CREATE LASTING CHANGE. AT HOW, WE PROVIDEHIGH QUALITY ACADEMIC AFTER SCHOOL COUNSELING, DRUG AND ALCOHOL SUPPORTGROUPS, REFERRALS TO APPROPRIATE MEDICAL AND MENTAL HEALTH RESOURCESAND EMPLOYMENT READINESS AND PLACEMENT SERVICES. EACH CLIENT IS CAREDFOR BY AN INTENSIVE CASE MANAGER WHO, IN PARTNERSHIP WITH THE CLIENT,DEVELOPS AN INDIVIDUAL GOAL PLAN THAT CREATES A PATHWAY TO ACHIEVINGINDEPENDENCE AND SELF SUFFICIENCY.THE ORGANIZATION ALSO PROVIDES A PROGRAM THAT ADDRESSES HOUSING LOSSPREVENTION THAT HELPS INDIVIDUALS AND FAMILIES KEEP THEIR HOMES ANDAVOID ENTERING THE SHELTER SYSTEM.

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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 $9,664,980

Program Service Revenue $499,318

Investment Income $18,941

Other Revenue $33,214

TOTAL REVENUE $10,216,453

Expense Breakdown

Grants Paid $5,013,447

Salaries & Benefits $4,334,122

Fundraising Expenses $287,688

Program Expenses $9,221,822

Other Expenses $1,666,936

TOTAL EXPENSES $11,014,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,216,453	$9,971,121	+0.0%
Expenses	$11,014,505	$10,629,033	+0.0%
Net Income	$-798,052	$-657,912	+0.2%

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

$197,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
URVI SHAH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENIS PIERCE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON C SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN AMBERG	MEMBER	1.00	Director	$0	$0	$0
KATIE CONROY	MEMBER	1.00	Director	$0	$0	$0
BELINDA MCKINLEY	MEMBER	1.00	Director	$0	$0	$0
JULIE O'BRIEN	MEMBER	1.00	Director	$0	$0	$0
MICHELLE R B SADDLER	MEMBER	1.00	Director	$0	$0	$0
ROBIN SNYDERMAN	MEMBER	1.00	Director	$0	$0	$0
SANDRA FALCON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRITT SHAWVER	CEO	33.00	Officer	$178,183	$19,212	$197,395

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	$10,216,453	$11,014,505	$9,169,530	$-798,052
2022	$9,971,121	$10,629,033	$9,787,201	$-657,912
2021	$13,644,444	$10,230,447	$10,302,205	$3,413,997
2021	$13,644,444	$10,230,447	$10,302,205	$3,413,997
2020	$9,489,584	$9,228,054	$9,243,340	$261,530
2019	$8,117,174	$8,614,756	$7,540,703	$-497,582
2018	$8,353,761	$7,911,852	$6,019,210	$441,909