HOUSING SOLUTIONS 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

YOLANDA CROCHRELL

Phone

6184519549

Tax Period

2023-01-01 to 2023-12-31

HOUSING SOLUTIONS INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $200K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 13% operating deficit.

Mission

INDIVIDUALS WHO ARE COMMITTED TO THE CAUSE OF AFFORDABLE HOUSING FOR LOW-INCOME, DISABLED PERSONS, HEREINAFTER REFERRED TO AS INDIVIDUAL MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $226,824 Revenue: $191,928

THE ORGANIZATION PROVIDES LOW OR MODERATE INCOME INDIVIDUALS WHO MAY BE DISABLED, ELDERLY OR MEMBERS OF OTHER DISADVANTAGED GROUPS, WITH DECENT AFFORDABLE HOUSING FACILITIES AND SERVICES SPECIALLY...

THE ORGANIZATION PROVIDES LOW OR MODERATE INCOME INDIVIDUALS WHO MAY BE DISABLED, ELDERLY OR MEMBERS OF OTHER DISADVANTAGED GROUPS, WITH DECENT AFFORDABLE HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 $0

Program Service Revenue $191,928

Investment Income $7,971

Other Revenue $0

TOTAL REVENUE $199,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,008

Fundraising Expenses $0

Program Expenses $226,824

Other Expenses $208,816

TOTAL EXPENSES $226,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$199,899	$257,872	-0.2%
Expenses	$226,824	$221,687	+0.0%
Net Income	$-26,925	$36,185	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY COLLINS SR	DIRECTOR	1.00	Director	$0	$0	$0
LISA CAMPFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
YOLANDA CROCHRELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES GRAY	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP WHITE JR	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$199,899	$226,824	$932,446	$-26,925
2022	$257,872	$221,687	$969,714	$36,185
2021	$169,984	$183,555	$946,293	$-13,571
2020	$165,000	$185,683	$968,332	$-20,683
2019	$219,447	$180,478	$998,238	$38,969
2018	$205,992	$217,981	$1,035,036	$-11,989