BEACON HOUSING CORPORATION

EIN: 421378247 501(c)(3)

NEWTON, IA

Total Revenue
$110,168
Total Expenses
$126,300
Total Assets
$604,086
Net Assets
$547,033
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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
1991
Legal Domicile
IA
Principal Officer
RITA BAKER
Phone
6417924012
Tax Period
2023-07-01 to 2024-06-30

BEACON HOUSING CORPORATION, founded in 1991, is a small nonprofit that reported $110K in total revenue in fiscal year 2023. Expenses of $126K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE VARIOUS LEVELS OF ASSISTED CARE, FROM VERY STRUCTURED GROUP ROOMS TO INDIVIDUAL APARTMENTS FOR CHRONICALLY MENTALLY ILL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $109,785
Investment Income $383
Other Revenue $0
TOTAL REVENUE $110,168

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $126,300
Other Expenses $126,300
TOTAL EXPENSES $126,300

Year-over-Year Comparison

2023 2022 Change
Revenue $110,168 $103,152 +0.1%
Expenses $126,300 $123,823 +0.0%
Net Income $-16,132 $-20,671 -0.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA BAKER PRESIDENT N/A
Officer Director
$0 $0 $0
NICKI SHORES MEMBER N/A
Director
$0 $0 $0
LONNIE PORTNER MEMBER N/A
Director
$0 $0 $0
DESIREE CAMERON MEMBER N/A
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 No data No data No data No data
2024 $110,168 $126,300 $604,086 $-16,132
2022 $85,634 $116,527 $604,342 $-30,893
2021 $82,445 $87,735 $655,331 $-5,290
2020 $79,077 $99,584 $659,078 $-20,507
2019 $93,704 $100,324 $670,201 $-6,620
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