SOUTH SUBURBAN HOUSING CENTER (EIN 510175452) - 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

1975

Legal Domicile

Principal Officer

JOHN PETRUSZAK

Phone

7089574674

Tax Period

2024-01-01 to 2024-12-31

SOUTH SUBURBAN HOUSING CENTER, founded in 1975, is a small nonprofit that reported $987K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE AND FOSTER LONG-TERM DIVERSITY BY WORKING TO ELIMINATE ALL FORMS OF DISCRIMINATION AND EXPLOITATION IN THE HOUSING MARKET.

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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 $914,343

Program Service Revenue $22,258

Investment Income $37,655

Other Revenue $12,384

TOTAL REVENUE $986,640

Expense Breakdown

Grants Paid $72,699

Salaries & Benefits $907,202

Fundraising Expenses $16,155

Program Expenses $1,228,297

Other Expenses $296,421

TOTAL EXPENSES $1,276,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$986,640	$1,545,009	-0.4%
Expenses	$1,276,322	$2,213,213	-0.4%
Net Income	$-289,682	$-668,204	-0.6%

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

$119,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN OSTENBURG	PRESIDENT	3.00	Officer Director	$0	$0	$0
MONICA HOLDEN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
PAULA FARR	SECRETARY	3.00	Officer Director	$0	$0	$0
CHERILYN RICHARDSON	TREASURER	3.00	Officer Director	$0	$0	$0
ALAN BANKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
HILDY KINGMA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MICHAEL TOWNSEND SR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PETRUSZAK	EXECUTIVE DI	40.00	Officer	$112,000	$7,439	$119,439

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	$986,640	$1,276,322	$2,228,998	$-289,682
2023	$1,545,009	$2,213,213	$2,560,562	$-668,204
2022	$3,298,317	$1,305,006	$3,285,756	$1,993,311
2021	$883,884	$983,032	$1,073,106	$-99,148
2020	$997,127	$945,367	$1,173,949	$51,760
2019	$1,058,411	$1,020,595	$1,129,260	$37,816

SOUTH SUBURBAN HOUSING CENTER