Housing Action Illinois (EIN 363585238) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

Sharon Legenza

Phone

3129396074

Tax Period

2024-01-01 to 2024-12-31

Housing Action Illinois, founded in 1987, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 6% surplus.

Mission

To increase and preserve the supply of decent, affordable and accessible housing in Illinois for low and moderate income households

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,936,307

Program Service Revenue $180,805

Investment Income $37,278

Other Revenue $205,792

TOTAL REVENUE $4,360,182

Expense Breakdown

Grants Paid $1,377,825

Salaries & Benefits $1,160,984

Fundraising Expenses $136,926

Program Expenses $3,881,174

Other Expenses $1,569,582

TOTAL EXPENSES $4,108,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,360,182	$3,577,625	+0.2%
Expenses	$4,108,391	$3,819,734	+0.1%
Net Income	$251,791	$-242,109	-2.0%

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

$152,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darsonya Switzer	Co-Chair	2.00	Officer Director	$0	$0	$0
Laura Olvera Yarza	Co-Chair	2.00	Officer Director	$0	$0	$0
Kurt Kuyawa	Treasurer	2.00	Officer Director	$0	$0	$0
Nicole Clements	Secretary	2.00	Officer Director	$0	$0	$0
Brigitta Mac-Rizzo	Director	2.00	Director	$0	$0	$0
Carl Wolf	Director	2.00	Director	$0	$0	$0
Cornell Lurry	Director	2.00	Director	$0	$0	$0
Horacio Mendez	Director	2.00	Director	$0	$0	$0
Jackie Newman	Director	2.00	Director	$0	$0	$0
Jennifer Taff	Director	2.00	Director	$0	$0	$0
John Herring Sr	Director	2.00	Director	$0	$0	$0
Margaret Wooten	Director	2.00	Director	$0	$0	$0
Nick Dodson	Director	2.00	Director	$0	$0	$0
Paula bush	Director	2.00	Director	$0	$0	$0
Shalonda Bedenfield	Director	2.00	Director	$0	$0	$0
Sharon Legenza	Executive Director	40.00	Officer	$143,169	$8,968	$152,137

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	$4,360,182	$4,108,391	$2,875,686	$251,791
2023	$3,577,625	$3,819,734	$2,229,533	$-242,109
2022	$3,360,179	$3,116,340	$2,430,365	$243,839
2021	$2,882,437	$2,570,632	$2,345,366	$311,805
2020	$3,491,523	$3,198,080	$1,608,385	$293,443
2019	$2,660,094	$2,640,918	$1,303,042	$19,176
2018	$2,131,559	$2,075,834	$1,145,419	$55,725

Housing Action Illinois