HEARTSIDE NONPROFIT HOUSING CORPORATION (EIN 382600226) - 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

1985

Legal Domicile

Principal Officer

VINCE LAMBERT

Phone

6164540928

Tax Period

2023-01-01 to 2023-12-31

HEARTSIDE NONPROFIT HOUSING CORPORATION, founded in 1985, is a small nonprofit that reported $827K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $14.8M represent 214 months of operating reserves.

Mission

ORGANIZED EXCLUSIVELY TO PROVIDE HOUSING FACILITIES FOR PERSONS OF LOW AND MODERATE INCOME AND TO CARRY ON ANY BUSINESS IN CONNECTION THEREWITH.

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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 $430,754

Program Service Revenue $260,847

Investment Income $135,633

Other Revenue $0

TOTAL REVENUE $827,234

Expense Breakdown

Grants Paid $424,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $844,369

Other Expenses $453,672

TOTAL EXPENSES $877,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$827,234	$892,326	-0.1%
Expenses	$877,926	$1,153,543	-0.2%
Net Income	$-50,692	$-261,217	-0.8%

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

$908,318

Total Directors

$242,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE NELSON WEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
JUAN DANIEL CASTRO	FORMER VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SADIE MALADY	FORMER TREASURER	0.50	Officer Director	$0	$0	$0
RENEE WILLIAMS	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JEREMY DEROO	PRESIDENT	1.00	Officer Director	$0	$32,206	$242,558
RICH KOGELSCHATZ	CHAIRPERSON & VICE PRESIDENT	1.00	Director	$0	$0	$0
KIM SIMS	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
GIL SEGOVIA	TREASURER	1.00	Director	$0	$0	$0
STEVE RECKER	FORMER CHIEF FINANCE OFFICER	1.00	Officer	$0	$5,335	$87,253
KIM CROSS	FORMER CHIEF OPERATING OFFICER	1.00	Officer	$0	$4,487	$153,414
ALONDA TRAMMELL-MILLER	CHIEF SERVICES OFFICER	1.00	Officer	$0	$19,933	$163,269
JACOB HORNER	CHIEF REAL ESTATE DEVELOPMENT OFFICER (BEG OCT)	1.00	Officer	$0	$4,376	$31,123
VINCE LAMBERT	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$6,181	$74,489
FELISHA RODRIGUEZ	CHIEF OPERATING OFFICER	1.00	Officer	$0	$16,251	$156,212

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	$827,234	$877,926	$16,369,102	$-50,692
2022	$892,326	$1,153,543	$16,442,374	$-261,217
2021	$831,523	$1,320,077	$16,707,972	$-488,554
2020	$-255,123	$877,597	$17,175,396	$-1,132,720
2019	$821,019	$959,152	$18,576,450	$-138,133
2018	$774,676	$919,012	$19,415,181	$-144,336

HEARTSIDE NONPROFIT HOUSING CORPORATION