KANSAS CITY, MO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEWAY HOMES INC, founded in 1975, is a small nonprofit that reported $859K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $742K left a modest 14% surplus.
TO OPERATE A HOUSING DEVELOPMENT UNDER SEC. 202 OF THE NATIONAL HOUSING ACT. RENT CHARGES, MAJOR ADDITIONS, RENOVATIONS, AND CASH DISTRIBUTIONS TO OFFICERS AND DIRECTORS ARE SUBJECT TO PRIOR APPROVAL BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
FREEWAY HOMES, INC WAS ORGANIZED TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN KANSAS CITY, MISSOURI, AND TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 64 UNITS. THE PROJECT IS REGULATED BY...
FREEWAY HOMES, INC WAS ORGANIZED TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN KANSAS CITY, MISSOURI, AND TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 64 UNITS. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS RESULTING FROM THE ORGANIZATION'S HOUSING ASSISTANCE (HAP) CONTRACT. THE ORGANIZATION PROVIDES CO-OP HOUSING TO LOW INCOME PEOPLE. THE AFFAIRS OF THE ORGANIZATION ARE MANAGED BY THE BOARD OF DIRECTORS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $859,145 | $655,942 | +0.3% |
| Expenses | $742,182 | $580,399 | +0.3% |
| Net Income | $116,963 | $75,543 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FAYE ETTA PARKS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRENDA TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN CHISHOLM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $859,145 | $742,182 | $1,321,280 | $116,963 |
| 2024 | $655,942 | $580,399 | $1,208,045 | $75,543 |
| 2023 | $625,545 | $582,115 | $1,135,048 | $43,430 |
| 2022 | $601,417 | $522,996 | $1,093,308 | $78,421 |
| 2021 | $578,350 | $561,437 | $1,012,939 | $16,913 |
| 2020 | $548,959 | $491,414 | $997,314 | $57,545 |
| 2019 | $536,100 | $491,057 | $939,961 | $45,043 |
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