FAMILY HOUSING ADVISORY SERVICES (EIN 470526720) - 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

1968

Legal Domicile

Principal Officer

TERESA HUNTER

Phone

4029347921

Tax Period

2024-01-01 to 2024-12-31

FAMILY HOUSING ADVISORY SERVICES, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO IMPROVE HOUSING OPPORTUNITIES AND ELIMINATE POVERTY BY HELPING PEOPLE ACHIEVE HOUSING STABILITY AND ELIMINATE POVERTY.

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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 $1,674,379

Program Service Revenue $615,802

Investment Income $11,411

Other Revenue $0

TOTAL REVENUE $2,301,592

Expense Breakdown

Grants Paid $114,351

Salaries & Benefits $1,951,804

Fundraising Expenses $79,304

Program Expenses $2,324,180

Other Expenses $696,363

TOTAL EXPENSES $2,762,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,301,592	$4,908,141	-0.5%
Expenses	$2,762,518	$5,231,387	-0.5%
Net Income	$-460,926	$-323,246	+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

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

$264,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESEOGHENE THERESA OMADEVUAE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROBINSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REV PORTIA A CAVITT	SECRETARY	1.00	Officer Director	$0	$0	$0
TIERRA NESBITT	DIRECTOR	1.00	Director	$0	$0	$0
MALINDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
TARSHA JACKSON	TREASURER	1.00	Officer Director	$0	$0	$0
CANDICE PRICE	CHAIR	1.00	Officer Director	$0	$0	$0
TERESA HUNTER	EXECUTIVE DIRECTOR	45.00	Officer	$146,814	$0	$146,814
RONETTE STEFFES	CHIEF FINANCIAL OFFICER	45.00	Officer	$117,966	$0	$117,966

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	$2,301,592	$2,762,518	$3,688,705	$-460,926
2023	$4,908,141	$5,231,387	$4,088,628	$-323,246
2022	$3,569,051	$3,641,099	$4,475,136	$-72,048
2021	$3,509,114	$3,476,781	$4,420,321	$32,333
2020	$3,587,708	$3,408,382	$4,680,286	$179,326
2019	$2,949,031	$2,842,504	$4,175,802	$106,527
2018	$2,805,127	$2,820,112	$4,012,845	$-14,985

FAMILY HOUSING ADVISORY SERVICES