INSTITUTE FOR RESPONSIBLE HOUSING … - 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

1989

Legal Domicile

Principal Officer

Randall Kelly

Phone

2027370019

Tax Period

2024-10-01 to 2025-09-30

INSTITUTE FOR RESPONSIBLE HOUSING PRESERVATION, founded in 1989, is a small nonprofit that reported $281K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $328K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PRESERVE SUBSIDIZED HOUSING FOR LOW INCOME USE BY PROVIDING MEMBERS WITH EDUCATIONAL AND INFORMATIONAL MATERIALS AND PRESENTING MEMBER VIEWS TO APPROPRIATE LEGISLATIVE AND ADMINISTRATIVE OFFICIALS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATION HOLDS SEMINARS ON THE TOPICS ABOVE FOR ANY PRACTITIONER OF THE AFFORDABLE HOUSING PRESERVATION INDUSTRY AS WELL AS ANNUAL AND MID-YEAR MEETINGS SPECIFICALLY FOR MEMBERS TO UPDATE...

THE ORGANIZATION HOLDS SEMINARS ON THE TOPICS ABOVE FOR ANY PRACTITIONER OF THE AFFORDABLE HOUSING PRESERVATION INDUSTRY AS WELL AS ANNUAL AND MID-YEAR MEETINGS SPECIFICALLY FOR MEMBERS TO UPDATE THEM ON INFORMATION PERTINENT TO THE INDUSTRY.

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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 $281,300

Investment Income $5

Other Revenue $0

TOTAL REVENUE $281,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $327,678

TOTAL EXPENSES $327,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,305	$455,539	-0.4%
Expenses	$327,678	$581,211	-0.4%
Net Income	$-46,373	$-125,672	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL KELLY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK TREATCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ED LIPPINCOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN PARRECO	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET WAGNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
Matthew Kesselhaut	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FIREISON	DIRECTOR	1.00	Director	$0	$0	$0
TIM FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GENDRON	DIRECTOR	1.00	Director	$0	$0	$0
ROGER GENDRON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN MISCAVISH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NAPOLITANO	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PELLEGRINO	DIRECTOR	1.00	Director	$0	$0	$0
TRACY PETERS	DIRECTOR	1.00	Director	$0	$0	$0
ELIOT REID	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK PLUNKETT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PIERCE	DIRECTOR	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
2025	$281,305	$327,678	$192,347	$-46,373
2024	No data	No data	No data	No data
2023	$439,556	$535,925	$352,457	$-96,369
2022	$731,985	$566,362	$448,826	$165,623
2021	$654,526	$682,063	$283,203	$-27,537
2020	$465,233	$419,938	$310,740	$45,295

INSTITUTE FOR RESPONSIBLE HOUSING PRESERVATION