HOUSING SERVICES ALLIANCE INC

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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

2003

Legal Domicile

Principal Officer

TANYA CORBETT

Phone

7404816467

Tax Period

2024-01-01 to 2024-12-31

HOUSING SERVICES ALLIANCE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 76% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $345,910 Revenue: $1,947,930

THE PURPOSE OF THIS ORGANIZATION IS TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND LOWER INCOME PERSONS AND THEIR FAMILIES AND TO PROVIDE SERVICES TO THE RESIDENTS OF THE...

THE PURPOSE OF THIS ORGANIZATION IS TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW AND LOWER INCOME PERSONS AND THEIR FAMILIES AND TO PROVIDE SERVICES TO THE RESIDENTS OF THE AFFORDABLE HOUSING PROJECT.

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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 $25,094

Program Service Revenue $1,673,629

Investment Income $399,054

Other Revenue $0

TOTAL REVENUE $2,097,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,662

Fundraising Expenses $0

Program Expenses $345,910

Other Expenses $408,528

TOTAL EXPENSES $511,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,097,777	$1,032,388	+1.0%
Expenses	$511,190	$995,699	-0.5%
Net Income	$1,586,587	$36,689	+42.2%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA CORBETT	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
NASHELLE KEENAN	SECRETARY	40.00	Director	$0	$0	$0
KEVIN PATTERSON	BOARD TRUSTE	2.00	Director	$0	$0	$0
TOM SIMONS	BOARD CHAIR	2.00	Officer 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	$2,097,777	$511,190	$22,839,482	$1,586,587
2023	$1,032,388	$995,699	$25,531,755	$36,689
2022	$574,770	$1,066,979	$21,148,054	$-492,209
2021	$3,552,122	$1,012,796	$19,809,780	$2,539,326
2020	$1,350,248	$594,919	$15,666,694	$755,329
2019	$962,009	$512,749	$14,627,972	$449,260
2018	$1,635,980	$505,703	$13,883,226	$1,130,277