HOUSING OPPORTUNITIES INC (EIN 561728944) - 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

1991

Legal Domicile

Principal Officer

TERRI M GUNN

Phone

3365442300

Tax Period

2024-01-01 to 2024-12-31

HOUSING OPPORTUNITIES INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 8% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES AND TO PROMOTE SOCIAL WELFARE.

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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 $1,538,384

Program Service Revenue $879,198

Investment Income $556,955

Other Revenue $0

TOTAL REVENUE $2,974,537

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $211,772

Fundraising Expenses $0

Program Expenses $2,668,758

Other Expenses $1,930,146

TOTAL EXPENSES $2,741,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,974,537	$2,547,790	+0.2%
Expenses	$2,741,918	$1,967,801	+0.4%
Net Income	$232,619	$579,989	-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

$36,660

Total Directors

$36,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ES MELVIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE MOORE	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
TERRI M GUNN	VP & SECRETARY	10.00	Officer Director	$36,660	$0	$36,660
ROBIN BRITT	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY FRYE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROUTH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM STONE	DIRECTOR	1.00	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	$2,974,537	$2,741,918	$8,644,085	$232,619
2023	$2,547,790	$1,967,801	$9,316,692	$579,989
2022	$2,491,705	$1,896,764	$8,961,253	$594,941
2021	$2,274,954	$1,777,696	$8,525,978	$497,258
2020	$2,170,337	$1,751,050	$8,212,625	$419,287
2019	$2,954,281	$2,169,002	$7,837,274	$785,279
2018	$2,929,716	$2,617,976	$11,232,251	$311,740

HOUSING OPPORTUNITIES INC