COMMUNITY HOUSING INITIATIVES INC (EIN 421416426) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

SAMANTHA ERICKSON

Phone

7122625640

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HOUSING INITIATIVES INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $5.9M left a modest 12% surplus.

Mission

PROVIDE DECENT, SAFE & AFFORDABLE HOUSING FOR LOW & 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 (2023)

Revenue Breakdown

Contributions & Grants $1,113,520

Program Service Revenue $5,374,886

Investment Income $65,206

Other Revenue $179,760

TOTAL REVENUE $6,733,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,737,913

Fundraising Expenses $0

Program Expenses $5,112,515

Other Expenses $3,191,312

TOTAL EXPENSES $5,929,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,733,372	$4,960,621	+0.4%
Expenses	$5,929,225	$5,868,431	+0.0%
Net Income	$804,147	$-907,810	-1.9%

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

2032

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

$402,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA ERICKSON	CHIEF OPERATING OFFICER	40.00	Officer	$200,248	$27,220	$227,468
MARK VREEMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$146,314	$28,968	$175,282
DAVID BRIDGEWATER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TIM SHANAHAN	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ZULK	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
EMILY ZIMMON	SECRETARY	1.00	Director	$0	$0	$0
PENNY CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
DENISE FULLER	DIRECTOR	1.00	Director	$0	$0	$0
ABBIE GAFFEY	DIRECTOR	1.00	Director	$0	$0	$0
OMAR PADILLA	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN WHITE	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	No data	No data	No data	No data
2023	$6,733,372	$5,929,225	$49,891,717	$804,147
2022	$4,960,621	$5,868,431	$48,515,149	$-907,810
2021	$5,152,673	$5,860,731	$50,484,883	$-708,058
2020	$5,308,225	$5,593,748	$51,487,968	$-285,523
2019	$7,342,981	$6,433,789	$51,450,536	$909,192
2018	$8,604,855	$5,819,141	$52,072,639	$2,785,714

COMMUNITY HOUSING INITIATIVES INC