HCHA REDEVELOPMENT AUTHORITY INC (EIN 473218232) - 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

2015

Legal Domicile

Principal Officer

HORACE ALLISON

Phone

7135782100

Tax Period

2024-04-01 to 2025-03-31

HCHA REDEVELOPMENT AUTHORITY INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 681% from the prior year, signaling strong growth momentum. Net assets of $6.1M represent 26 months of operating reserves.

Mission

CARRY OUT THE MISSION OF HCHA TO PROVIDE DECENT HOUSING TO LOW INCOME FAMILIES OF HARRIS COUNTY, TX

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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 $2,500,000

Program Service Revenue $287,388

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,787,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,800,792

Other Expenses $2,800,792

TOTAL EXPENSES $2,800,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,787,388	$356,807	+6.8%
Expenses	$2,800,792	$356,807	+6.8%
Net Income	$-13,404	$0	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

$336,688

Total Directors

$336,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA QUIJANO	CEO/SECRETARY	5.00	Officer Director	$0	$30,913	$185,429
PAUL CURRY	FINANCE DIRECTOR	5.00	Officer Director	$0	$32,371	$151,259
GERALD WOMACK	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE VILLARREAL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DR ADRIANA TAMEZ	DIRECTOR	5.00	Director	$0	$0	$0
ASHLEY GILBERT	DIRECTOR	5.00	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	$2,787,388	$2,800,792	$73,769,638	$-13,404
2024	$356,807	$356,807	$61,009,637	No data
2023	$571,276	$571,276	$42,729,065	No data
2022	$1,315,798	$1,335,255	$20,777,942	$-19,457
2021	$19,457	No data	$1,019,457	No data
2020	No data	No data	$1,000,000	No data

HCHA REDEVELOPMENT AUTHORITY INC