COLONY HOUSING AUTHORITY

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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

1976

Legal Domicile

Principal Officer

JULIE BOND

Phone

6417847777

Tax Period

2024-01-01 to 2024-12-31

COLONY HOUSING AUTHORITY, founded in 1976, is a small nonprofit that reported $350K in total revenue in fiscal year 2024.

Mission

PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND DISABLED PERSONS

Program Service Accomplishments

Program 1

Expenses: $364,783

PROVIDED AFFORDABLE HOUSING FOR SENIOR CITIZENS, DISABLED PERSONS AND LOW AND MODERATE INCOME INDIVIDUALS

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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 $15,546

Program Service Revenue $314,497

Investment Income $6,301

Other Revenue $13,895

TOTAL REVENUE $350,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,593

Fundraising Expenses $0

Program Expenses $364,783

Other Expenses $308,190

TOTAL EXPENSES $364,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,239	$339,929	+0.0%
Expenses	$364,783	$334,939	+0.1%
Net Income	$-14,544	$4,990	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROYAL JOHNSON	Treasurer	2.00	Officer Director	$0	$0	$0
LORRIE LONG	Vice President	2.00	Officer Director	$0	$0	$0
STERLING BARLOW	Director	2.00	Director	$0	$0	$0
LARRY WAUGH	Director	2.00	Director	$0	$0	$0
PATRICIA MAGLE JONES	Secretary	2.00	Officer Director	$0	$0	$0
JULIE BOND	President	2.00	Officer Director	$0	$0	$0
MARCI BIESEMEYER	Director	1.00	Director	$0	$0	$0
DIANE REASONER	Director	1.00	Director	$0	$0	$0
OLVER SMITH	Director	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
2024	$350,239	$364,783	$618,600	$-14,544
2023	$339,929	$334,939	$668,958	$4,990
2022	$331,784	$350,391	$703,620	$-18,607
2021	$344,263	$322,559	$745,751	$21,704
2020	$334,014	$320,385	$770,075	$13,629
2019	$330,676	$329,014	$789,569	$1,662
2018	$326,794	$320,329	$826,655	$6,465