HARAMBEE HOUSE INC (EIN 431553857) - 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

1990

Principal Officer

CHI CHEUNG

Phone

5736368108

Tax Period

2023-07-01 to 2024-06-30

HARAMBEE HOUSE INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 24% operating margin.

Mission

HARAMBEE HOUSE, INC. (THE ORGANIZATION) IS A RESIDENTIAL CARE FACILITY, WITH FIFTEEN SUBSIDIZED UNITS. THE ORGANIZATION'S PROJECT PROVIDES SUPPORTIVE HOUSING FOR PERSONS WITH CHRONIC MENTAL HEALTH DISABILITIES. THE FACILITY IS LOCATED IN COLUMBIA, MISSOURI. THE ORGANIZATION'S PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE ORGANIZATION'S PROGRAM IS ITS SECTION 202/162 HUD MORTGAGE AND THE RELATED PROJECT ASSISTANCE CONTRACT (PAC).

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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 $194,631

Program Service Revenue $47,736

Investment Income $227

Other Revenue $0

TOTAL REVENUE $242,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,366

Fundraising Expenses $0

Program Expenses $117,038

Other Expenses $136,442

TOTAL EXPENSES $183,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,594	$155,312	+0.6%
Expenses	$183,808	$131,493	+0.4%
Net Income	$58,786	$23,819	+1.5%

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

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

$319,364

Total Directors

$319,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHI CHEUNG	PRESIDENT	0.25	Officer Director	$0	$7,448	$190,303
ANDREA CHEUNG	BOARD SECRET	0.25	Officer Director	$0	$12,567	$129,061
GREG BOWMAN	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN BUCHHOLZ	DIRECTOR	0.10	Director	$0	$0	$0
JEREMY CHEUNG	DIRECTOR	0.10	Director	$0	$0	$0
CANDACE TREAT	DIRECTOR	0.10	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	$242,594	$183,808	$455,778	$58,786
2023	$155,312	$131,493	$377,728	$23,819
2022	$140,025	$136,636	$366,092	$3,389
2021	$138,795	$127,961	$371,679	$10,834
2020	$152,176	$124,526	$372,157	$27,650
2019	$150,799	$126,995	$345,831	$23,804

HARAMBEE HOUSE INC