PROGRESSIVE HOUSING 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

1988

Legal Domicile

Principal Officer

LAWRENCE A MANSON

Phone

7082831530

Tax Period

2024-07-01 to 2025-06-30

PROGRESSIVE HOUSING INC, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $24.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $22.6M left a modest 8% surplus.

Mission

TO OPERATE FACILITIES THROUGHOUT ILLINOIS FOR THE LONG-TERM CARE OF DEVELOPMENTALLY DISABLED RESIDENTS IN OUR INTERMEDIATE CARE FACILITIES AND COMMUNITY INTEGRATED LIVING ARRANGEMENTS.

Program Service Accomplishments

Program 1

Expenses: $17,478,958 Revenue: $21,570,473

PROVIDING 24-HOUR RESIDENTIAL SUPPORT IN 26 COMMUNITY-BASED HOMES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. STAFF PROMOTE INDEPENDENCE THROUGH PERSON-CENTERED PLANNING, DAILY LIVING...

PROVIDING 24-HOUR RESIDENTIAL SUPPORT IN 26 COMMUNITY-BASED HOMES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. STAFF PROMOTE INDEPENDENCE THROUGH PERSON-CENTERED PLANNING, DAILY LIVING ASSISTANCE, MEDICATION ADMINISTRATION BY TRAINED STAFF, AND COMMUNITY INTEGRATION.

Program 2

Expenses: $1,278,806 Revenue: $2,900,117

SERVING 123 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES ACROSS TWO SITES. WE OFFER PERSONALIZED VOCATIONAL TRAINING, LIFE SKILLS DEVELOPMENT, ENRICHMENT ACTIVITIES THAT PROMOTE INDEPENDENCE.

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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 $27,350

Program Service Revenue $24,470,590

Investment Income $126,960

Other Revenue $-98,153

TOTAL REVENUE $24,526,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,289,575

Fundraising Expenses $0

Program Expenses $18,757,764

Other Expenses $6,353,160

TOTAL EXPENSES $22,642,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,526,747	$20,867,855	+0.2%
Expenses	$22,642,735	$19,286,409	+0.2%
Net Income	$1,884,012	$1,581,446	+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

N/A

Employees

450

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

$615,062

Total Directors

$76,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD CHILDERS	CHAIRMAN	5.00	Officer Director	$9,600	$0	$9,600
ORLAND BAUER	TREASURER/SECRETARY	5.00	Officer Director	$9,600	$0	$9,600
HAL BROWN	DIRECTOR	5.00	Director	$9,600	$0	$9,600
JULIE LILIE	DIRECTOR	5.00	Director	$9,600	$0	$9,600
EDWARD COPELAND	DIRECTOR	5.00	Director	$9,600	$0	$9,600
EILEEN MULLIN	DIRECTOR	5.00	Director	$9,600	$0	$9,600
CORA FLOTA	DIRECTOR	5.00	Director	$9,600	$0	$9,600
EUGENE DUMAS	DIRECTOR	5.00	Director	$9,600	$0	$9,600
LAWRENCE MANSON	CEO/PRESIDENT	40.00	Officer	$155,049	$36,527	$191,576
LLOYD HEPTINSTALL	CFO	40.00	Officer	$136,622	$12,485	$149,107
STEPHANIE ROSS	SENIOR VP OF OPERATIONS	40.00	Officer	$120,811	$14,078	$134,889
JOHN GRABER	SENIOR VP OF FACILITY DEVE	40.00	Officer	$118,340	$1,950	$120,290
STACY SLAUGHTER	HOUSE MGR SUPER	40.00	Highest	$117,876	$12,203	$130,079
MONIQUE KEENE	DIRECTOR OF HR	40.00	Highest	$109,022	$13,478	$122,500

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	$24,526,747	$22,642,735	$14,844,178	$1,884,012
2024	$20,867,855	$19,286,409	$12,262,069	$1,581,446
2023	$17,663,533	$16,827,282	$10,459,611	$836,251
2022	$16,511,202	$14,479,127	$9,843,151	$2,032,075
2021	$16,441,899	$14,262,508	$8,152,040	$2,179,391
2020	$15,084,616	$14,019,171	$8,238,814	$1,065,445
2019	$13,241,777	$12,543,676	$4,848,147	$698,101
2018	$20,276,981	$11,388,925	$4,032,246	$8,888,056