THE HOUSING FELLOWSHIP

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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

1990

Legal Domicile

Principal Officer

SIMON ANDREW

Phone

3193589212

Tax Period

2024-01-01 to 2024-12-31

THE HOUSING FELLOWSHIP, founded in 1990, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES.

Program Service Accomplishments

Program 1

Expenses: $1,678,241 Revenue: $1,588,228

THE FELLOWSHIP OWNED AND MANAGED 211 UNITS OF AFFORDABLE HOUSING IN THE IOWA CITY AREA, HOUSING 560 PERSONS. IT RECEIVED AND PROCESSED 138 APPLICATIONS FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $94,075

Program Service Revenue $1,588,228

Investment Income $19,561

Other Revenue $0

TOTAL REVENUE $1,701,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,455

Fundraising Expenses $0

Program Expenses $1,678,241

Other Expenses $1,389,280

TOTAL EXPENSES $1,986,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,701,864	$1,792,562	-0.1%
Expenses	$1,986,735	$1,842,149	+0.1%
Net Income	$-284,871	$-49,587	+4.7%

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

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

$411,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON MCMAHON	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRONIS PERTEIT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD STEWART	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
TANGELA CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY FORD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HANICK	DIRECTOR	1.00	Director	$0	$0	$0
MATT HEKTOEN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MCFADDEN	DIRECTOR	1.00	Director	$0	$0	$0
SHEVONNA NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SCHOOLEY	DIRECTOR (UNTIL 08/24)	1.00	Director	$0	$0	$0
MARK SEABOLD	DIRECTOR	1.00	Director	$0	$0	$0
SIMON ANDREW	EXECUTIVE DIRECTOR	40.00	Officer	$123,806	$18,169	$141,975
ROSS RESETICH	CFO (UNTIL 9/24)	40.00	Officer	$95,325	$19,583	$114,908
JERRY BACON	CFO (EFF. 9/24)	40.00	Officer	$31,090	$8,406	$39,496
TASHUNDRA MARSHALL	COO	40.00	Officer	$94,950	$20,440	$115,390

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	$1,701,864	$1,986,735	$16,227,336	$-284,871
2023	$1,792,562	$1,842,149	$15,825,721	$-49,587
2022	$3,703,219	$1,683,415	$15,845,096	$2,019,804
2021	$1,381,548	$1,419,475	$12,551,224	$-37,927
2020	$1,705,532	$1,412,018	$12,953,338	$293,514
2019	$1,698,392	$1,336,444	$11,832,750	$361,948
2018	$1,580,183	$1,263,954	$12,195,144	$316,229