HOUSING CONNECTIONS INC

EIN: 541417961 501(c)(3) Housing & Shelter

PEARISBURG, VA

Total Revenue
$554,075
Total Expenses
$384,457
Total Assets
$683,883
Net Assets
$682,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
VA
Principal Officer
BRETT RADER
Phone
5409211392
Tax Period
2021-07-01 to 2022-06-30

HOUSING CONNECTIONS INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $554K in total revenue in fiscal year 2021. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 31% operating margin.

Mission

TO ADMINISTER HOUSING ASSISTANCE PROGRAMS FOR LOW AND MODERATE INCOME PERSONS WHO ARE ELIGIBLE FOR RENTAL ASSISTANCE UNDER FEDERAL GUIDELINES AS MANDATED BY HUD.

Program Service Accomplishments

Program 1
Expenses: $340,454 Revenue: $367,124

TO HELP LOW INCOME INDIVIDUALS AND FAMILIES RENT HOUSING THAT IS CONSIDERED SAFE, DECENT, SANITARY, AND AFFORDABLE.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $183,741
Program Service Revenue $367,124
Investment Income $3,210
Other Revenue $0
TOTAL REVENUE $554,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,031
Fundraising Expenses $0
Program Expenses $340,454
Other Expenses $85,426
TOTAL EXPENSES $384,457

Year-over-Year Comparison

2021 2020 Change
Revenue $554,075 $392,999 +0.4%
Expenses $384,457 $463,805 -0.2%
Net Income $169,618 $-70,806 -3.4%
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

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Governance

Voting Members
5
Independent Members
4
Employees
8
Volunteers
5

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
2
$57,110
Total Directors
5
$57,110
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT RADER TREASURER/SE 40.00
Officer Director
$55,447 $1,663 $57,110
JANET BRENNEND DIRECTOR 0.50
Director
$0 $0 $0
JIM DRADER PRESIDENT 0.50
Officer Director
$0 $0 $0
CASEY EDMONDS DIRECTOR 0.50
Director
$0 $0 $0
KIM THURLOW DIRECTOR 0.50
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
2022 $554,075 $384,457 $683,883 $169,618
2021 $392,999 $463,805 $514,948 $-70,806
2020 $441,351 $410,588 $585,405 $30,763
2019 $415,069 $375,811 $555,404 $39,258
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