HOUSING OPPORTUNITIES MADE ECONOMICAL INC (EIN 541906879) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

PAUL DESILETS

Phone

5403617477

Tax Period

2023-01-01 to 2023-12-31

HOUSING OPPORTUNITIES MADE ECONOMICAL INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $522K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE ACCESSIBLE HOUSING FOR PEOPLE WITH DISABILITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11

Program Service Revenue $557,140

Investment Income $7,129

Other Revenue $3,188

TOTAL REVENUE $567,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,314

Fundraising Expenses $0

Program Expenses $272,018

Other Expenses $322,103

TOTAL EXPENSES $369,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,468	$877,326	-0.4%
Expenses	$369,417	$390,710	-0.1%
Net Income	$198,051	$486,616	-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

N/A

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DESILETS	PRESIDENT/CEO	0.25	Officer Director	$10,000	$0	$10,000
MICHAEL KASEY	VP/TREASURER	0.25	Officer Director	$0	$0	$0
ANTHONY CIMINI	SECRETARY	0.25	Officer Director	$0	$0	$0
HAROLD SPOTTS	DIRECTOR	0.25	Director	$0	$0	$0
JAMES BLACKER	DIRECTOR	0.25	Director	$0	$0	$0
MATTHEW PROHASKA	DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$567,468	$369,417	$2,945,530	$198,051
2022	$877,326	$390,710	$2,892,806	$486,616
2021	$551,495	$412,863	$2,885,221	$138,632
2020	$521,926	$450,592	$2,898,277	$71,334
2019	$516,901	$438,526	$2,961,459	$78,375
2018	$522,077	$524,251	$3,026,384	$-2,174

HOUSING OPPORTUNITIES MADE ECONOMICAL INC