INDEPENDENT HOUSING INC (EIN 470607342) - 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

1978

Legal Domicile

Principal Officer

Mel Hoffmann

Phone

4023337373

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT HOUSING INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $794K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 8% surplus.

Mission

Provide housing to elderly & disabled

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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 $0

Program Service Revenue $790,391

Investment Income $3,430

Other Revenue $0

TOTAL REVENUE $793,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,114

Fundraising Expenses $0

Program Expenses $548,521

Other Expenses $658,085

TOTAL EXPENSES $728,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$793,821	$732,400	+0.1%
Expenses	$728,199	$762,966	0.0%
Net Income	$65,622	$-30,566	-3.1%

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

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	Role	Reportable Comp	Other Comp	Total
John Mullen	Director	Director	$0	$0	$0
Kevin Gubbels	Vice-President	Officer Director	$0	$0	$0
Brent Wisniski	Director	Director	$0	$0	$0
Dave Fauss	Director	Director	$0	$0	$0
Levi Melcher	Director	Director	$0	$0	$0
Kendall Gubbels	Director	Director	$0	$0	$0
Arlynn Boelman	2nd Vice-President	Officer Director	$0	$0	$0
Rich Uhlir	Treasurer	Officer Director	$0	$0	$0
Frank Roberts	Director	Director	$0	$0	$0
Ron Christ	Secretary	Officer Director	$0	$0	$0
Mel Hoffmann	President	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
2025	$793,821	$728,199	$3,501,722	$65,622
2024	$732,400	$762,966	$3,438,357	$-30,566
2023	$732,236	$808,730	$3,631,347	$-76,494
2022	$688,049	$778,460	$3,580,495	$-90,411
2021	$697,738	$634,508	$3,613,449	$63,230
2020	$650,418	$629,986	$3,181,841	$20,432
2019	$587,039	$651,613	$2,727,705	$-64,574

INDEPENDENT HOUSING INC