HOUSING PROMISE CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

2132528844

Tax Period

2023-01-01 to 2023-12-31

HOUSING PROMISE CORPORATION, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $42K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 97% operating margin.

Mission

To assist in the financing of the development of affordable housing owned by the Housing Authority of the City of Los Angeles, California.

Program Service Accomplishments

Program 1

Expenses: $1,313 Revenue: $0

To assist in the financing of the development of affordable housing to replace Aliso Village.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,068

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $42,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,313

Other Expenses $1,313

TOTAL EXPENSES $1,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,068	$2,450,097	-1.0%
Expenses	$1,313	$1,619	-0.2%
Net Income	$40,755	$2,448,478	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
A Anderson	Secretary	Director	$0	$0	$0
Ed Holder	Nonprofit Director	Director	$0	$0	$0
Tina Booth	President/Treasurer	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
2023	$42,068	$1,313	$3,516,368	$40,755
2022	$2,450,097	$1,619	$3,165,751	$2,448,478
2022	$2,450,097	$1,619	$3,165,751	$2,448,478
2021	$717,273	$5,858,846	$717,273	$-5,141,573
2020	No data	$3,892,411	$5,858,846	No data