HAPB EXPANDING HOUSING OPPORTUNITIES COR (EIN 473016796) - 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

2014

Legal Domicile

Principal Officer

LENNARD ROBINSON

Phone

9547857200

Tax Period

2023-01-01 to 2023-12-31

HAPB EXPANDING HOUSING OPPORTUNITIES COR, founded in 2014, is a small nonprofit that reported $354K in total revenue in fiscal year 2023. Revenue surged 266% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 17% operating margin.

Mission

THE MISSION IS PROVIDE HOUSING OPPORTUNITIES TO VERY LOW AND MODERATE INCOME PERSONS DIRECTED TO COMMUNITIES IN POMPANO BEACH, BROWARD COUNTY AND SOUTHEAST FLORIDA. THE MOST SIGNIFICANT ACTIVITY IS THE PURCHASING OF SINGLE FAMILY HOMES, RENOVATING THEM AND LEASING THEM TO FAMILIES IN THE VERY LOW TO MODERATE INCOME BRACKET.

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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 (2023)

Revenue Breakdown

Contributions & Grants $74,915

Program Service Revenue $81,250

Investment Income $197,806

Other Revenue $35

TOTAL REVENUE $354,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,571

Fundraising Expenses $0

Program Expenses $292,169

Other Expenses $263,598

TOTAL EXPENSES $292,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$354,006	$96,722	+2.7%
Expenses	$292,169	$105,868	+1.8%
Net Income	$61,837	$-9,146	-7.8%

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

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

$349,885

Total Directors

$349,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICE WATKINS-EDWARDS	VICE PRESIDENT - DEPUTY DI	1.00	Officer Director	$0	$8,165	$112,720
DONNA SMITH	TREASURER FINANCE DIRECTO	1.00	Officer Director	$0	$1,121	$80,491
WHITNEY RAWLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WOODROW POITIER	VICE PRESIDENT-ADMINISTRAT	1.00	Officer Director	$0	$0	$0
LENNARD ROBINSON	EXECUTIVE DIRECTOR-SECRETA	1.00	Officer Director	$0	$405	$156,674

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	$354,006	$292,169	$1,003,641	$61,837
2022	$96,722	$105,868	$931,880	$-9,146
2021	$87,814	$103,015	$941,147	$-15,201
2020	$541,421	$197,032	$948,476	$344,389
2019	$429,187	$68,003	$599,688	$361,184

HAPB EXPANDING HOUSING OPPORTUNITIES COR