HIGHLAND PARK AFFORDABLE HOUSING C… - 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

Principal Officer

DEBORAH HURLEY

Phone

7326342750

Tax Period

2024-04-01 to 2025-03-31

HIGHLAND PARK AFFORDABLE HOUSING CORP, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $333K in total revenue in fiscal year 2024. Net assets of $4.2M represent 153 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING IN THE BOROUGH OF HIGHLAND PARK AND EXPAND AFFORDABLE HOUSING OPPORTUNITIES

Program Service Accomplishments

Program 1

Expenses: $339,618 Revenue: $332,612

PROVIDE AFFORDABLE HOUSING IN THE BOROUGH OF HIGHLAND PARK

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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 $321,904

Investment Income $10,708

Other Revenue $0

TOTAL REVENUE $332,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,499

Fundraising Expenses $0

Program Expenses $339,618

Other Expenses $306,006

TOTAL EXPENSES $364,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,612	$324,065	+0.0%
Expenses	$364,505	$385,809	-0.1%
Net Income	$-31,893	$-61,744	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH HURLEY	COO	8.00	Director	$0	$0	$0
MATTHEW HERSH	Trustee	1.00	Director	$0	$0	$0
RUBY HOPE	Vice President	1.00	Director	$0	$0	$0
WILLIAM MALLOY	Trustee	1.00	Director	$0	$0	$0
PADRAIC MILLET	Trustee	1.00	Director	$0	$0	$0
WILLIAM RAINWATER	Trustee	0.00	Director	$0	$0	$0
JASON ROWE	Secretary	1.00	Director	$0	$0	$0
RONALD WONG	President & CEO	1.00	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
2026	No data	No data	No data	No data
2025	$332,612	$364,505	$5,812,798	$-31,893
2024	$324,065	$385,809	$5,832,854	$-61,744
2023	$310,448	$358,092	$5,808,954	$-47,644
2022	$305,883	$362,389	$5,897,906	$-56,506
2021	$306,771	$285,359	$5,690,713	$21,412
2020	$256,668	$267,673	$1,504,538	$-11,005
2019	$144,398	$268,877	$906,810	$-124,479

HIGHLAND PARK AFFORDABLE HOUSING CORP