HOUSING ASSISTANCE COUNCIL

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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

1971

Legal Domicile

Principal Officer

DAVID LIPSETZ

Phone

2028428600

Tax Period

2023-10-01 to 2024-09-30

HOUSING ASSISTANCE COUNCIL, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $14.4M left a modest 12% surplus.

Mission

THE EXEMPT PURPOSE IS TO IMPROVE HOUSING CONDITIONS FOR THE RURAL POOR, WITH EMPHASIS ON THE POOREST OF THE POOR IN THE MOST RURAL PLACES. HOUSING ASSISTANCE COUNCIL (HAC) PROVIDES BELOW-MARKET FINANCING FOR AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT, TECHNICAL ASSISTANCE AND TRAINING, RESEARCH AND INFORMATION, AND POLICY FORMULATION TO ENABLE SOLUTIONS FOR RURAL COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $4,916,942 Revenue: $2,793,061

LENDING PROGRAM - FINANCES AFFORDABLE HOUSING PROJECTS THAT SERVE LOW-INCOME, RURAL RESIDENTS AND ADMINISTERS SEVERAL REVOLVING LOAN FUNDS TO PROMOTE AFFORDABLE HOUSING.

Program 2

Expenses: $4,923,403

KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE U.S. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL...

KNOWLEDGE SHARING- PROVIDES TRAINING AND TECHNICAL ASSISTANCE ON RURAL HOUSING ISSUES TO VARIOUS COMMUNITY GROUPS THROUGHOUT THE U.S. THIS IS DONE THROUGH FORMAL TRAININGS, ONE-ON-ONE TECHNICAL ASSISTANCE AND CONNECTING LOCAL ORGANIZATIONS TO RESOURCES WHICH CAN BUILD THEIR CAPACITY AND STRENGTHEN THEIR COMMUNITY.

Program 3

Expenses: $737,529

RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND...

RESEARCH AND INFORMATION - CONDUCTS RESEARCH AND STUDIES AND REPORTS ON A WIDE RANGE OF TOPICS RELATED TO RURAL HOUSING RELATED TO THE HOUSING CONDITIONS OF THE RURAL POOR TO HELP INFORM SOUND HOUSING POLICIES AND STRATEGIES.

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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 $12,723,632

Program Service Revenue $2,793,061

Investment Income $870,110

Other Revenue $21,740

TOTAL REVENUE $16,408,543

Expense Breakdown

Grants Paid $2,643,776

Salaries & Benefits $6,111,648

Fundraising Expenses $602,332

Program Expenses $11,293,125

Other Expenses $5,662,582

TOTAL EXPENSES $14,418,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,408,543	$14,098,451	+0.2%
Expenses	$14,418,006	$10,077,202	+0.4%
Net Income	$1,990,537	$4,021,249	-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

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

$781,516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BUXBAUM	CHAIR	1.00	Officer Director	$0	$0	$0
THERESA SINGLETON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM MANNING-BEAVIN	TREASURER	1.00	Officer Director	$0	$0	$0
PETER CAREY	SECRETARY (UNTIL 9/24)	1.00	Officer Director	$0	$0	$0
DAVE CASTILLO	DIRECTOR	0.60	Director	$0	$0	$0
NICK MITCHELL-BENNETT	DIRECTOR	0.60	Director	$0	$0	$0
BENNIE THOMPSON	DIRECTOR	0.60	Director	$0	$0	$0
ANDREW B WINTER	DIRECTOR	0.60	Director	$0	$0	$0
CONNIE WRIGHT	DIRECTOR	0.60	Director	$0	$0	$0
ARTURO ALVARADO	DIRECTOR	0.60	Director	$0	$0	$0
ELISABETH COATS	DIRECTOR/AT LARGE	1.00	Director	$0	$0	$0
VANESSA JOSEY	DIRECTOR	0.60	Director	$0	$0	$0
NATALIE MAXWELL	DIRECTOR	0.60	Director	$0	$0	$0
MELLOR WILLIE	DIRECTOR	0.60	Director	$0	$0	$0
NAOMI WOODSON SCIPIO	DIRECTOR (UNTIL 9/24)	0.60	Director	$0	$0	$0
DAVID LIPSETZ	PRESIDENT & CEO	40.00	Officer	$343,462	$30,660	$374,122
TRAVIS LANCE GEORGE	ASST. SEC./ RESEARCH & INFORMATION	40.00	Officer	$177,070	$21,689	$198,759
SIMON PETER KABOGOZA	ASST. TREAS./DIR. FIN. & ADMIN	40.00	Officer	$18,731	$0	$18,731
LEONEL OCTAVIO PARRA	CFO (UNTIL 12/23)	40.00	Officer	$92,231	$8,134	$100,365
KARIN KLUSMANN	DIR. FIN. & ADMIN (UNTIL 7/23)	40.00	Officer	$84,632	$4,907	$89,539
EILEEN NEELY	LENDING DIRECTOR (UNTIL 9/24)	40.00	Highest	$192,506	$28,588	$221,094
JONATHAN HARWITZ	DIRECTOR OF PUBLIC POLICY	40.00	Highest	$164,731	$49,765	$214,496
SHONTERRIA CHARLESTON	DIRECTOR- TRAINING/TECHNICAL	40.00	Highest	$161,991	$33,617	$195,608
KRISTIN BLUM	LENDING DIRECTOR (AS OF 9/24)	40.00	Highest	$117,195	$31,066	$148,261
JENNIFER MCALLISTER	DEVELOPMENT MANAGER	40.00	Highest	$141,838	$17,345	$159,183

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	No data	No data	No data	No data
2024	$16,408,543	$14,418,006	$72,962,491	$1,990,537
2023	$14,098,451	$10,077,202	$66,177,719	$4,021,249
2022	$14,475,533	$8,527,193	$56,351,023	$5,948,340
2021	$11,554,116	$7,967,948	$50,242,099	$3,586,168
2020	$6,086,053	$6,837,057	$39,408,010	$-751,004
2019	$4,194,441	$6,725,621	$37,780,024	$-2,531,180
2018	$5,589,939	$5,666,412	$40,532,188	$-76,473