RALEIGH HOUSING FUND INC

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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

1988

Legal Domicile

Principal Officer

IAN SANDERS

Phone

9193272229

Tax Period

2024-01-01 to 2024-12-31

RALEIGH HOUSING FUND INC, founded in 1988, is a small nonprofit that reported $375K in total revenue in fiscal year 2024. Expenses of $438K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR WORKING HOMELESS MEN RECOVERING FROM SUBSTANCE DEPENDENCY.

Program Service Accomplishments

Program 1

Expenses: $378,829 Revenue: $247,401

PROVIDE AFFORDABLE HOUSING FOR WORKING HOMELESS MEN RECOVERING FROM SUBSTANCE DEPENDENCY. COUNSELING AND FINANCIAL GUIDANCE ARE PROVIDED. AN AVERAGE OF 50 MEN ARE SERVED PER YEAR.

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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 $122,128

Program Service Revenue $241,912

Investment Income $5,264

Other Revenue $5,489

TOTAL REVENUE $374,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,517

Fundraising Expenses $19,660

Program Expenses $378,829

Other Expenses $318,135

TOTAL EXPENSES $437,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,793	$382,949	0.0%
Expenses	$437,652	$390,124	+0.1%
Net Income	$-62,859	$-7,175	+7.8%

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

$53,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
BOB CATO	SECRETARY	5.00	Officer Director	$0	$0	$0
JERRY SAYRE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
IAN SANDERS	CHAIR	5.00	Officer Director	$0	$0	$0
GARY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BEAM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WARE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIDEBOTHAM	DIRECTOR	1.00	Director	$0	$0	$0
JAKE PARROTT	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN O'RIORDAN	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
SEAN HILL	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY CRANE	DIRECTOR	1.00	Director	$0	$0	$0
ROBBY BRINLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOE DEMURO	EXECUTIVE DIRECTOR	40.00	Officer	$53,582	$0	$53,582

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	$374,793	$437,652	$2,254,336	$-62,859
2023	$382,949	$390,124	$2,328,432	$-7,175
2022	$975,536	$312,603	$2,354,438	$662,933
2021	$449,841	$290,138	$1,691,990	$159,703
2020	$475,416	$306,296	$1,528,373	$169,120
2019	$298,889	$354,348	$1,345,177	$-55,459
2018	$211,620	$262,250	$1,384,078	$-50,630