South Central Indiana Housing Oppo… - Form 990 Financial Data

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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

2015

Legal Domicile

Tax Period

2019-01-01 to 2019-12-31

South Central Indiana Housing Opportunities Corpor, founded in 2015, is a small nonprofit that reported $310K in total revenue in fiscal year 2019. Revenue surged 795% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 70% operating margin.

Mission

To provide affordable housing opportunities

Program Service Accomplishments

Program 1

Expenses: $86,367 Revenue: $114,891

Housing4Hoosiers - 247 tenants served, 80% estimated to come from low-inccome households as a partner with the Monroe county Housing & Eviction Prevention Project55 participants at the 2019...

Housing4Hoosiers - 247 tenants served, 80% estimated to come from low-inccome households as a partner with the Monroe county Housing & Eviction Prevention Project55 participants at the 2019 Housing4Hoosiers Tenant/Landlord Workshops63 People served by Housing Navigators rotating amoung four different local agencies: Community Kitchen, Mother Hubbards Cupboard, Perry Township Trustee, and Monroe county Public Library$1.4 Million: total anticipated development cost of Phase 1 of Switchyard Apartments, under construction in 201943,081 users of the Housing4Hoosiers.org website267 responses to email and phone requests for guidance from the Housing4Hoosiers Help Desk320 downloads of our publication Renting in Indiana: A handbook for Tenants and Landlords

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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 (2019)

Revenue Breakdown

Contributions & Grants $310,117

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $310,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,893

Fundraising Expenses $0

Program Expenses $86,367

Other Expenses $28,333

TOTAL EXPENSES $92,226

Year-over-Year Comparison

	2019	2018	Change
Revenue	$310,117	$34,647	+8.0%
Expenses	$92,226	$95,848	0.0%
Net Income	$217,891	$-61,201	-4.6%

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

$48,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Hosea	Director	0.50	Director	$0	$0	$0
D B Morrison Jr	Director	0.50	Director	$0	$0	$0
Kelly Toto	Director	0.50	Director	$0	$0	$0
Sue Wanzer	Director	0.50	Director	$0	$0	$0
John Vargo	President	0.50	Officer	$0	$0	$0
Nordia McNish	Vice President	0.50	Officer	$0	$0	$0
David Landis	SecretaryTreasurer	0.50	Officer	$0	$0	$0
Deborah Myerson	Executive Director	40.00	Officer	$48,200	$0	$48,200

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
2019	$310,117	$92,226	$927,031	$217,891

South Central Indiana Housing Opportunities Corpor