Foothills Housing Corporation

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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

1970

Legal Domicile

Principal Officer

Maximilian A Tufts Jr

Phone

5403412805

Tax Period

2023-01-01 to 2023-12-31

Foothills Housing Corporation, founded in 1970, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

Providing safe, decent & affordable housing opportunities.

Program Service Accomplishments

Program 1

Expenses: $1,074,373 Revenue: $1,125,425

Assistance in meeting the needs of approximately 125 low to moderate income homeowners, individuals and families. Assistance provided through emergency home repairs, accessibility disability ramps...

Assistance in meeting the needs of approximately 125 low to moderate income homeowners, individuals and families. Assistance provided through emergency home repairs, accessibility disability ramps and modifications, and assistance with repairs and improvements to their homes to ensure a healthy and safe environment for the occupants.

Program 2

Expenses: $2,493,391 Revenue: $2,300,075

Providing affordable housing at below market rents for senior living, families & individuals that qualify as low to moderate income. Includes Properties Oaks I & II apartments, Stuart Street...

Providing affordable housing at below market rents for senior living, families & individuals that qualify as low to moderate income. Includes Properties Oaks I & II apartments, Stuart Street townhomes, Countryside apartments, & Fletcherville estates. The FHC property portfolio provides 164 homes of affordable housing, in 2022 sheltering 205 people.

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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 $1,125,425

Program Service Revenue $2,576,439

Investment Income $29,061

Other Revenue $0

TOTAL REVENUE $3,730,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,764

Fundraising Expenses $0

Program Expenses $3,567,764

Other Expenses $3,026,595

TOTAL EXPENSES $3,640,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,730,925	$2,505,368	+0.5%
Expenses	$3,640,359	$2,254,836	+0.6%
Net Income	$90,566	$250,532	-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

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

$94,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Wayland	President Emeritus	0.00	Director	$0	$0	$0
Maximilian A Tufts Jr	President	2.00	Officer Director	$0	$0	$0
Robert Lee	Vice President	1.00	Officer Director	$0	$0	$0
Sarah Godfrey	Treasurer	2.00	Officer Director	$0	$0	$0
Huntley Thorpe	Secretary	1.00	Officer Director	$0	$0	$0
Laura Fox	Director	1.00	Director	$0	$0	$0
Barbara Sharp	Director	1.00	Director	$0	$0	$0
Ken Alm	Director	1.00	Director	$0	$0	$0
John Reid	Executive Director	40.00	Officer	$79,995	$14,192	$94,187

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	$3,730,925	$3,640,359	$16,484,875	$90,566
2022	$2,505,368	$2,254,836	$9,847,545	$250,532
2021	$2,084,926	$2,106,515	$10,063,378	$-21,589
2020	$2,023,949	$1,778,301	$10,131,742	$245,648
2019	$1,879,727	$1,810,061	$10,046,343	$69,666
2018	$1,405,605	$1,360,771	$9,823,695	$44,834