TRANSITIONAL HOUSING CORPORATION (EIN 521675958) - 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

1990

Legal Domicile

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

PROVIDING TRANSITIONAL AND SUPPORTIVE HOUSING WITH SERVICES TO HOMELESS AND LOW-INCOME FAMILIES.

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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 $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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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

112

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

$263,379

Total Directors

Key Employees

$796,752

Highest Compensated

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

TRANSITIONAL HOUSING CORPORATION