FRIENDS OF HOUSING CORPORATION

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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

1998

Legal Domicile

Principal Officer

NACARCI FEASTER

Phone

4144633371

Tax Period

2019-01-01 to 2019-12-31

FRIENDS OF HOUSING CORPORATION, founded in 1998, is a small nonprofit that reported $975K in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Friends of Housing Corporation develops high quality housing and provides innovation housing management that generates economic opportunity

Program Service Accomplishments

Program 1

Expenses: $486,813 Revenue: $974,684

Provides premier property management services for over 2100 rental units owned by the Housing Authority City of Milwaukee and over 100 units of non-city owned rental units including multi units and single-family homes. Most rental units are in low to moderate income areas in need of quality affordable housing. Preference is given to residents of those areas for employment opportunities and contractual services for maintaining the properties. Friends of Housing also serves as an advisor and partner with the Housing Authority City of Milwaukee on certain projects that require a nonprofit entity involvement. The organization also provides property management and technical assistance to other government funded organizations that provide housing.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $974,684

Investment Income $350

Other Revenue $0

TOTAL REVENUE $975,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $455,711

Fundraising Expenses $0

Program Expenses $486,813

Other Expenses $629,733

TOTAL EXPENSES $1,085,444

Year-over-Year Comparison

	2019	2018	Change
Revenue	$975,034	$1,100,487	-0.1%
Expenses	$1,085,444	$1,056,955	+0.0%
Net Income	$-110,410	$43,532	-3.5%

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

$34,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L'TANYA MCNEAL	Executive Dir.	40.00	Officer	$34,327	$0	$34,327
MARGARET HENNINGSEN	Treasurer	1.00	Officer Director	$0	$0	$0
NACARCI FEASTER	President	1.00	Officer Director	$0	$0	$0
CHRISTOPHER GOLLER	Vice President	1.00	Officer Director	$0	$0	$0
ANGELA MCKENZIE	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
2019	$975,034	$1,085,444	$2,932,892	$-110,410
2018	$1,100,487	$1,056,955	$2,261,406	$43,532