HOUSING AND ECONOMIC CONCEPTS INC

EIN: 455203995 501(c)(3) Housing & Shelter

INDIANAPOLIS, IN

Total Revenue
$1,907,123
Total Expenses
$1,979,942
Total Assets
$4,071,770
Net Assets
$3,933,613
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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
2012
Legal Domicile
IN
Principal Officer
JANETTE O'BRIEN
Phone
3172365959
Tax Period
2023-01-01 to 2023-12-31

HOUSING AND ECONOMIC CONCEPTS INC, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. Net assets of $3.9M represent 25 months of operating reserves.

Mission

HOUSING AND ECONOMIC CONCEPTS, INC. ("HEC") IS AN INDIANA NOT-FOR-PROFIT CORPORATION (THE "CORPORATION") INCORPORATED ON APRIL 24, 2012. THE CORPORATION WAS ORGANIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF THE CORPORATION IS TO PARTICIPATE IN HOUSING UNDERTAKINGS THAT FOSTER AND SUPPORT VULNERABLE POPULATIONS, AND ACQUIRE, CONSTRUCT AND/OR OTHERWISE MAINTAIN HOUSING TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME CITIZENS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,624,254
Investment Income $267,778
Other Revenue $15,091
TOTAL REVENUE $1,907,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,399
Fundraising Expenses $0
Program Expenses $1,963,577
Other Expenses $1,945,543
TOTAL EXPENSES $1,979,942

Year-over-Year Comparison

2023 2022 Change
Revenue $1,907,123 $785,954 +1.4%
Expenses $1,979,942 $899,153 +1.2%
Net Income $-72,819 $-113,199 -0.4%
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

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Governance

Voting Members
8
Independent Members
7
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA GAMBLE-MOORE FORMER PRESIDENT 0.10
Officer Director
$0 $0 $0
JENICE L MYERS EXECUTIVE DIRECTOR 2.00
Officer Director
$0 $0 $0
JANETTE O'BRIEN PRESIDENT 0.10
Officer Director
$0 $0 $0
LEIGH RILEY EVANS DIRECTOR 0.10
Director
$0 $0 $0
JULIA HUFFMAN DIRECTOR 0.10
Director
$0 $0 $0
JEFFREY L KITTLE DIRECTOR 0.10
Director
$0 $0 $0
SEAN O'CONNOR DIRECTOR 0.10
Director
$0 $0 $0
LORI PHILLIPS-STEELE 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
2024 No data No data No data No data
2023 $1,907,123 $1,979,942 $4,071,770 $-72,819
2022 $785,954 $899,153 $4,401,861 $-113,199
2021 $1,960,575 $1,228,980 $4,553,837 $731,595
2020 $1,558,116 $749,514 $3,832,580 $808,602
2019 $579,381 $452,029 $2,988,318 $127,352
2018 $420,349 $896,720 $5,102,945 $-476,371
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