Hinesville Leased Housing Corporation (EIN 455495670) - 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

1977

Legal Domicile

Principal Officer

Melanie Thompson

Phone

9128766561

Tax Period

2021-10-01 to 2022-09-30

Hinesville Leased Housing Corporation, founded in 1977, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Expenses of $1.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

Provide housing under HUD's Multi-family program. The property consists of 128 family units.

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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 (2021)

Revenue Breakdown

Contributions & Grants $900,105

Program Service Revenue $354,000

Investment Income $88

Other Revenue $0

TOTAL REVENUE $1,254,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,648

Fundraising Expenses $0

Program Expenses $1,644,921

Other Expenses $1,530,273

TOTAL EXPENSES $1,644,921

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,254,193	N/A	N/A
Expenses	$1,644,921	N/A	N/A
Net Income	$-390,728	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul C Johnson	Director	0.50	Director	$0	$0	$0
Karen Branson	Director	0.50	Director	$0	$0	$0
Denise Deigh	Director	0.50	Director	$0	$0	$0
Joseph F Ford	Chairman	0.50	Officer Director	$0	$0	$0
Lee McGee	Director	0.50	Director	$0	$0	$0
Lamonica Jenkins	Vice Chairman	0.50	Officer Director	$0	$0	$0
Carlton Solomom	Director	0.50	Director	$0	$0	$0
Melanie Thompson	CEO	3.00	Officer	$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
2022	$1,254,193	$1,644,921	$5,811,981	$-390,728
2020	$1,313,229	$1,723,275	$6,997,160	$-410,046
2019	$1,292,217	$1,388,942	$7,664,980	$-96,725
2018	$1,274,607	$1,202,170	$7,543,588	$72,437

Hinesville Leased Housing Corporation