JUBILEE HOUSING INC (EIN 520986261) - 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

1973

Legal Domicile

Principal Officer

JAMES D KNIGHT

Phone

2022991240

Tax Period

2023-01-01 to 2023-12-31

JUBILEE HOUSING INC, founded in 1973, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.9M, a strong 28% operating margin.

Mission

JUBILEE HOUSING'S MISSION IS TO BUILD DIVERSE, COMPASSIONATE COMMUNITIES THAT CREATE OPPORTUNITIES FOR EVERYONE TO THRIVE. WE CREATE JUSTICE THROUGH OUR JUSTICE HOUSING MODEL, WHICH CONSISTS OF DEEPLY AFFORDABLE HOMES WITH ONSITE AND NEARBY SERVICES IN RESOURCE-RICH COMMUNITIES. WE ADVANCE OUR MISSION THROUGH FOUR PRIMARY AREAS: REAL ESTATE DEVELOPMENT, PROPERTY MANAGEMENT, FINANCING, AND COMPREHENSIVE PROGRAMS FOR CHILDREN, FAMILIES, SENIORS, RETURNING CITIZENS, AND OTHERS IN OUR BUILDINGS AND THE SURROUNDING COMMUNITY. OUR PROGRAMS FOCUS ON PROVIDING HOUSING AND RESOURCE STABILITY, FINANCIAL SECURITY, COMMUNITY, AND HEALTH AND WELLNESS. WE ENVISION A CITY AND A WORLD WHERE ACCESS TO BASIC RESOURCES AND OPPORTUNITIES ARE AVAILABLE TO ALL PEOPLE AND WHERE PEOPLE LIVE OUT THESE OPPORTUNITIES IN THE CONTEXT OF A SUPPORTIVE COMMUNITY TO BECOME THEIR BEST SELVES.

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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 $14,784,088

Program Service Revenue $8,753,536

Investment Income $310,496

Other Revenue $528,243

TOTAL REVENUE $24,376,363

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $5,931,255

Fundraising Expenses $353,938

Program Expenses $13,998,912

Other Expenses $11,519,546

TOTAL EXPENSES $17,517,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,376,363	$12,840,901	+0.9%
Expenses	$17,517,616	$9,929,508	+0.8%
Net Income	$6,858,747	$2,911,393	+1.4%

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

$144,601

Total Directors

$144,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES D KNIGHT	PRESIDENT & CEO	40.00	Officer Director	$144,601	$0	$144,601
BARBARA MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY R FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY AVERY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX ORFINGER	DIRECTOR	1.00	Director	$0	$0	$0
REV DONALD ISAAC	DIRECTOR	1.00	Director	$0	$0	$0
CLINT MANN	CHAIR	1.00	Officer Director	$0	$0	$0
RONNIE MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL BUGGS	SECRETARY	1.00	Officer Director	$0	$0	$0
KHULUD KHUDUR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM MUSTARD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH A BLACK	DIRECTOR	1.00	Director	$0	$0	$0
LIZ WAINGER	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN REYES	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SALMERON	DIRECTOR	1.00	Director	$0	$0	$0
JIM GRAY	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLINE KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JEFFERSON	CHIEF OPERATING OFFICER	40.00	Highest	$131,088	$0	$131,088
ROBERT MANNON	DIRECTOR OF REAL ESTATE	40.00	Highest	$106,098	$0	$106,098
JILIAN JOHNSON	VICE PRESIDENT OF HUMAN RESOURCES	40.00	Highest	$122,148	$0	$122,148
NAFISSATOU SECK	CONTROLLER	40.00	Highest	$109,344	$0	$109,344

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	No data	No data	No data	No data
2023	$24,376,363	$17,517,616	$121,892,559	$6,858,747
2022	$12,840,901	$9,929,508	$118,930,883	$2,911,393
2021	$5,811,871	$5,906,400	$81,340,567	$-94,529
2020	$4,822,280	$5,450,841	$72,297,014	$-628,561
2019	$6,019,319	$5,611,947	$70,931,837	$407,372
2018	$5,171,034	$4,616,057	$55,702,531	$554,977

JUBILEE HOUSING INC