HOUSING ASSISTANCE COUNCIL

EIN: 520939288 501(c)(3) Housing & Shelter

WASHINGTON, DC

Total Revenue
$16,408,543
Total Expenses
$14,418,006
Total Assets
$72,962,491
Net Assets
$45,151,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
DC
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

TO IMPROVE HOUSING CONDITIONS FOR THE POOREST OF THE POOR IN THE MOST RURAL PLACES.

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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%)

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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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Governance

Voting Members
13
Independent Members
13
Employees
52
Volunteers
15

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
9
$781,516
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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
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