HOUSING PRESERVATION 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

1991

Legal Domicile

Principal Officer

G HARRIS BROWN

Phone

3365442300

Tax Period

2023-01-01 to 2023-12-31

HOUSING PRESERVATION CORPORATION, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $69K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 93% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING TO QUALIFYING LOW AND VERY LOW INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,568 Revenue: $67,956

HOUSING PRESERVATION CORPORATION HOLDS GENERAL PARTNER INTERESTS IN SEVERAL PARTNERSHIPS THAT OPERATE APARTMENT COMPLEXES RENTING TO LOW AND VERY LOW INCOME FAMILIES AND ELDERLY INDIVIDUALS. IN...

HOUSING PRESERVATION CORPORATION HOLDS GENERAL PARTNER INTERESTS IN SEVERAL PARTNERSHIPS THAT OPERATE APARTMENT COMPLEXES RENTING TO LOW AND VERY LOW INCOME FAMILIES AND ELDERLY INDIVIDUALS. IN ADDITION, THE ORGANIZATION WHOLLY OWNS THE STOCK OF A C CORPORATION WHICH HOLDS A GENERAL PARTNER INTEREST IN AN AFFORDABLE HOUSING PARTNERSHIP.

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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 $0

Program Service Revenue $2,550

Investment Income $845

Other Revenue $65,406

TOTAL REVENUE $68,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,568

Other Expenses $4,568

TOTAL EXPENSES $4,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,801	$46,973	+0.5%
Expenses	$4,568	$3,262	+0.4%
Net Income	$64,233	$43,711	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G HARRIS BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIGH HARRIS	MEMBER	0.00	Director	$0	$0	$0
WADE HARRIS	MEMBER	0.00	Director	$0	$0	$0
DANIEL JOHNSTON	MEMBER	0.00	Director	$0	$0	$0
KATE JOHNSTON	MEMBER	0.00	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	No data	No data	No data	No data
2023	$68,801	$4,568	$553,374	$64,233
2022	$46,973	$3,262	$488,961	$43,711
2021	$32,909	$2,408	$445,250	$30,501
2020	$15,826	$4,279	$414,749	$11,547
2019	$14,650	$3,870	$404,202	$10,780
2018	$7,277	$6,126	$392,422	$1,151