SOUTHEASTERN HOUSING PRESERVATION INC (EIN 561856590) - 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

1994

Legal Domicile

Principal Officer

IRA M SLOMKA

Phone

7043359112

Tax Period

2023-10-01 to 2024-09-30

SOUTHEASTERN HOUSING PRESERVATION INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 48% operating margin.

Mission

DEVELOP, OWN, MAINTAIN, OPERATE, AND PROVIDE ASSISTANCE TO RENTAL HOUSING PROJECTS FOR PERSONS OF LOW TO MODERATE INCOME OPERATING UNDER SECTION 515(B) OF THE NATIONAL HOUSING ACT OF 1949, AS AMENDED.

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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 $1,687,258

Program Service Revenue $498,951

Investment Income $390,281

Other Revenue $0

TOTAL REVENUE $2,576,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,266,867

Other Expenses $1,335,794

TOTAL EXPENSES $1,335,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,576,490	$1,487,002	+0.7%
Expenses	$1,335,794	$1,335,652	+0.0%
Net Income	$1,240,696	$151,350	+7.2%

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
IRA M SLOMKA	PRESIDENT	5.00	Officer Director	$0	$0	$0
CASEY STANSBURY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JASON MACARTHUR	DIRECTOR	1.00	Director	$0	$0	$0
TAMI FOSSUM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NETTLES	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	$2,576,490	$1,335,794	$15,233,587	$1,240,696
2023	$1,487,002	$1,335,652	$15,649,373	$151,350
2022	$2,498,333	$1,122,092	$15,749,895	$1,376,241
2021	$2,809,186	$1,228,287	$14,784,364	$1,580,899
2020	$1,803,040	$1,290,053	$13,519,465	$512,987
2019	$1,782,037	$974,444	$13,415,262	$807,593
2018	$2,568,261	$1,362,117	$12,612,798	$1,206,144

SOUTHEASTERN HOUSING PRESERVATION INC