FREEWAY HOMES INC (EIN 431112009) - 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

1975

Legal Domicile

Principal Officer

FAYE ETTA PARKS

Phone

8165614240

Tax Period

2024-05-01 to 2025-04-30

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.

Mission

FREEWAY HOMES, INC. PROVIDES CO-OP HOUSING FOR LOW INCOME PEOPLE.

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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 $480,236

Program Service Revenue $361,040

Investment Income $17,869

Other Revenue $0

TOTAL REVENUE $859,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,662

Fundraising Expenses $0

Program Expenses $628,103

Other Expenses $592,520

TOTAL EXPENSES $742,182

Year-over-Year Comparison

	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%

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
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

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	$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

FREEWAY HOMES INC