HOUSING ON MERIT (EIN 452991692) - 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

2011

Legal Domicile

Principal Officer

JAYMIE BECKETT

Phone

6195736785

Tax Period

2023-01-01 to 2023-12-31

HOUSING ON MERIT, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

HOUSING ON MERIT CREATES A BRIDGE TO PERMANENT AFFORDABLE HOUSING FOR VULNERABLE POPULATIONS ACROSS THE CONTINENTAL UNITED STATES IN VARIOUS STATES.

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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 $80,055

Program Service Revenue $1,348,738

Investment Income $2,783

Other Revenue $18,530

TOTAL REVENUE $1,450,106

Expense Breakdown

Grants Paid $18,547

Salaries & Benefits $1,305,121

Fundraising Expenses $0

Program Expenses $1,323,668

Other Expenses $621,231

TOTAL EXPENSES $1,944,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,450,106	$2,173,394	-0.3%
Expenses	$1,944,899	$1,648,071	+0.2%
Net Income	$-494,793	$525,323	-1.9%

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

$423,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK LUKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW LAMMING	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT ALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN BARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE HOLLANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY JAEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RAVITCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LITWAK	EXECUTIVE DIECTOR	50.00	Officer	$182,692	$4,301	$186,993
DAVID COTTINHAM	CHIEF OPERATING OFFICER	50.00	Officer	$130,693	$5,672	$136,365
MIGUEL GARCIA	VP OF REAL ESTATE DEVELOPMENT	50.00	Officer	$96,739	$3,720	$100,459

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	No data	No data	No data	No data
2023	$1,450,106	$1,944,899	$5,135,185	$-494,793
2022	$2,173,394	$1,648,071	$5,597,979	$525,323
2021	$1,938,952	$1,422,680	$1,322,377	$516,272
2020	$842,060	$666,331	$3,505,254	$175,729
2019	$563,532	$551,188	$632,046	$12,344
2018	$683,436	$428,589	$614,326	$254,847

HOUSING ON MERIT