HIGHLAND AREA NON-PROFIT HOUSING C… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

CHRISTINA HAMILL

Phone

7343436600

Tax Period

2024-07-01 to 2025-06-30

HIGHLAND AREA NON-PROFIT HOUSING CORP II, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $443K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $496K exceeded revenue, resulting in a 12% operating deficit.

Mission

LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $317,498 Revenue: $211,486

HIGHLAND AREA NON-PROFIT HOUSING CORPORATION II OWNS, OPERATES AND MANAGES A 40-UNIT MULTI-FAMILY APARTMENT COMPLEX (THE "PROJECT") FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN HIGHLAND...

HIGHLAND AREA NON-PROFIT HOUSING CORPORATION II OWNS, OPERATES AND MANAGES A 40-UNIT MULTI-FAMILY APARTMENT COMPLEX (THE "PROJECT") FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN HIGHLAND, MICHIGAN UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT RECEIVES RENT SUPPLEMENTS FROM THE FEDERAL GOVERNMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 CAPITAL ADVANCE AND TENANT ASSISTANCE PAYMENTS.

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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 $231,148

Program Service Revenue $208,291

Investment Income $652

Other Revenue $3,195

TOTAL REVENUE $443,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,596

Fundraising Expenses $23,559

Program Expenses $317,498

Other Expenses $375,383

TOTAL EXPENSES $495,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,286	$410,085	+0.1%
Expenses	$495,979	$485,880	+0.0%
Net Income	$-52,693	$-75,795	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA HAMILL	TRUSTEE; PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINA WATTS	TRUSTEE; SECRETARY	1.00	Officer Director	$0	$0	$0
DEBBIE CARTER	TRUSTEE; TREASURER	1.00	Officer Director	$0	$0	$0
JOE GAGLIO	TRUSTEE	1.00	Director	$0	$0	$0
LEISA KRIEGER	TRUSTEE	1.00	Director	$0	$0	$0
KELLY A ENTREKIN	TRUSTEE	1.00	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
2025	$443,286	$495,979	$1,264,057	$-52,693
2024	$410,085	$485,880	$1,375,698	$-75,795
2023	$328,041	$447,071	$1,314,895	$-119,030
2022	$323,327	$389,141	$1,343,318	$-65,814
2021	$324,081	$364,407	$1,356,954	$-40,326
2020	$309,070	$395,566	$1,333,252	$-86,496
2019	$305,639	$382,287	$1,390,333	$-76,648
2018	$295,234	$351,922	$1,449,932	$-56,688

HIGHLAND AREA NON-PROFIT HOUSING CORP II