TRANSITIONAL HOUSING CORPORATION

EIN: 521675958 501(c)(3) Housing & Shelter

WASHINGTON, DC

Total Revenue
$12,512,516
Total Expenses
$13,398,337
Total Assets
$10,114,945
Net Assets
$6,079,582
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DC
Principal Officer
MERCEDES LEMP
Phone
2022915535
Tax Period
2024-01-01 to 2024-12-31

TRANSITIONAL HOUSING CORPORATION, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.5M in total revenue in fiscal year 2024.

Mission

HOUSING UP BUILDS THRIVING COMMUNITIES IN WASHINGTON, DC BY DEVELOPING AFFORDABLE HOUSING AND OFFERING COMPREHENSIVE SUPPORT SERVICES TO HOMELESS AND LOW-INCOME FAMILIES. WE BELIEVE THAT PEOPLE WHO HAVE SAFE, AFFORDABLE HOUSING AND GENUINE OPPORTUNITIES ARE EMPOWERED TO TRANSFORM THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $9,048,162 Revenue: $105,426

RESIDENT SERVICES - HOUSING UP'S RESIDENTS SERVICES PROGRAM INCREASES THE INDEPENDENCE, STABILITY AND HEALTH OF AFFORDABLE HOUSING RESIDENTS. IN 2024, HOUSING UP SERVED A TOTAL OF 935 HOUSEHOLDS...

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RESIDENT SERVICES - HOUSING UP'S RESIDENTS SERVICES PROGRAM INCREASES THE INDEPENDENCE, STABILITY AND HEALTH OF AFFORDABLE HOUSING RESIDENTS. IN 2024, HOUSING UP SERVED A TOTAL OF 935 HOUSEHOLDS THROUGH RESIDENT SERVICES, PERMANENT SUPPORTIVE HOUSING, TRANSITIONAL HOUSING AND RAPID RE-HOUSING.HOUSING UP'S PERMANENT SUPPORTIVE HOUSING PROGRAM (PSH) PROVIDES AFFORDABLE HOUSING WITH APPROPRIATE WRAPAROUND SUPPORTIVE SERVICES TO FAMILIES THAT ARE EXITING CHRONIC HOMELESSNESS. HEAD OF HOUSEHOLDS PAY 30% OF THEIR TOTAL HOUSEHOLD INCOME TOWARDS MONTHLY RENT AND THE REMAINING RENTAL AMOUNT IS SUBSIDIZED THROUGH VARIOUS SOURCES INCLUDING DISTRICT OF COLUMBIA HOUSING AUTHORITY, DC DEPARTMENT OF HUMAN SERVICES AND THE HUD CONTINUUM OF CARE PROGRAM.HOUSING UP ALSO PROVIDES HOUSING AND SUPPORTIVE SERVICES THROUGH THE HUD CONTINUUM OF CARE PROGRAM FOR FAMILIES EXITING HOMELESSNESS, INCLUDING PERMANENT SUPPORTIVE HOUSING AND RAPID RE-HOUSING.

Program 2
Expenses: $1,291,323 Revenue: $387,978

BUILDING OPERATIONS - HOUSING UP OWNS OR OPERATES 672 UNITS OF AFFORDABLE HOUSING FOR FAMILIES IN OUR PROGRAMS WHICH CONSIST OF UNITS FOR PERMANENT SUPPORTIVE HOUSING, TRANSITIONAL HOUSING AND BELOW...

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BUILDING OPERATIONS - HOUSING UP OWNS OR OPERATES 672 UNITS OF AFFORDABLE HOUSING FOR FAMILIES IN OUR PROGRAMS WHICH CONSIST OF UNITS FOR PERMANENT SUPPORTIVE HOUSING, TRANSITIONAL HOUSING AND BELOW MARKET-RENT HOUSING WITH RESIDENT SERVICES.HOUSING UP'S RAPID RE-HOUSING PROGRAM QUICKLY MOVES FAMILIES WHO ARE EXPERIENCING HOMELESSNESS INTO PERMANENT HOUSING WITH LEASES IN THEIR OWN NAMES. ONCE FAMILIES ARE STABLY HOUSED, WE PROVIDE SHORT-TERM (UP TO 12 MONTHS) RENTAL ASSISTANCE AND CASE MANAGEMENT SUPPORT TO ASSIST FAMILIES IN GETTING BACK ON THEIR FEET AND REGAINING ECONOMIC SELF-SUFFICIENCY.

Program 3
Expenses: $158,422 Revenue: $150,296

THROUGH ITS AFFILIATE, THC AFFORDABLE HOUSING, HOUSING UP DEVELOPS AFFORDABLE HOUSING FOR VERY LOW-, LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN WASHINGTON, DC. DEVELOPMENT PROJECTS INCLUDE...

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THROUGH ITS AFFILIATE, THC AFFORDABLE HOUSING, HOUSING UP DEVELOPS AFFORDABLE HOUSING FOR VERY LOW-, LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN WASHINGTON, DC. DEVELOPMENT PROJECTS INCLUDE RENOVATION, NEW CONSTRUCTION AND PRESERVATION. RESIDENT SERVICES ARE PROVIDED AT THESE DEVELOPMENTS TO STRENGTHEN RESIDENTS' FINANCIAL INDEPENDENCE, HEALTH AND HOUSING SECURITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,683,908
Program Service Revenue $642,253
Investment Income $207,002
Other Revenue $-20,647
TOTAL REVENUE $12,512,516

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,186,042
Fundraising Expenses $392,720
Program Expenses $10,497,907
Other Expenses $5,163,802
TOTAL EXPENSES $13,398,337

Year-over-Year Comparison

2024 2023 Change
Revenue $12,512,516 $12,228,222 +0.0%
Expenses $13,398,337 $13,039,500 +0.0%
Net Income $-885,821 $-811,278 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
112
Volunteers
18

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
6
$263,379
Total Directors
10
$0
Key Employees
4
$796,752
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA SINGLETON CHAIR 1.00
Officer Director
$0 $0 $0
PHYLLIS JORDAN CHAIR (PART YEAR) 1.00
Officer Director
$0 $0 $0
EARLE O'DONNELL TREASURER 1.00
Officer Director
$0 $0 $0
WAYNE TYLER TREASURER (PART YEAR) 1.00
Officer Director
$0 $0 $0
MATT JACOBS SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM FERRELL BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
ALLISON GERBER BOARD MEMBER 1.00
Director
$0 $0 $0
W KIMBALL GRIFFITH CHAIR EMERITUS 1.00
Director
$0 $0 $0
JOE HOWELL BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
REGGIE ROBINSON BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
PHILIP HECHT PRESIDENT AND CEO 30.00
Officer
$247,245 $16,134 $263,379
HARIBO KAMARA-TAYLOR CHIEF OPERATING OFFICER 30.00
Key Emp
$208,547 $13,060 $221,607
LUIS VASQUEZ CHIEF PROGRAM OFFICER 30.00
Key Emp
$188,538 $24,411 $212,949
CHRISTINA PEAY CHIEF DEVELOPMENT OFFICER 30.00
Key Emp
$173,168 $10,108 $183,276
COREY MENDEZ DEPUTY CHIEF OPERATING OFFICER 30.00
Key Emp
$160,229 $18,691 $178,920
KIMBERLY DAVIS DIRECTOR OF HUMAN RESOURCE 30.00
Highest
$136,935 $19,258 $156,193
DEBORAH JONES PSH CLINICAL MANAGER 30.00
Highest
$104,368 $475 $104,843
JONIKKA LOFTEN DIRECTOR OF RAPID REHOUSING 30.00
Highest
$103,198 $29,399 $132,597
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 $12,512,516 $13,398,337 $10,114,945 $-885,821
2023 $12,228,222 $13,039,500 $10,268,746 $-811,278
2022 $11,681,180 $11,656,605 $10,571,831 $24,575
2021 $11,673,050 $11,253,007 $11,247,775 $420,043
2020 $13,280,949 $10,063,915 $11,287,056 $3,217,034
2019 $8,516,504 $8,160,933 $8,078,981 $355,571
2018 $6,784,253 $5,835,747 $7,371,911 $948,506
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