HOUSING PRESERVATION INC (EIN 562409519) - 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

2003

Legal Domicile

Principal Officer

ELEANOR WHITE

Phone

4155724511

Tax Period

2023-01-01 to 2023-12-31

HOUSING PRESERVATION INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $7.7M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. Expenses of $8.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL RENTAL UNITS TO LOW INCOME INDIVIDUALS AND FAMILIES.

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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 $396,914

Program Service Revenue $6,602,429

Investment Income $662,947

Other Revenue $15,589

TOTAL REVENUE $7,677,879

Expense Breakdown

Grants Paid $92,100

Salaries & Benefits $2,435,240

Fundraising Expenses $0

Program Expenses $7,805,743

Other Expenses $6,259,062

TOTAL EXPENSES $8,786,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,677,879	$2,945,693	+1.6%
Expenses	$8,786,402	$6,487,511	+0.4%
Net Income	$-1,108,523	$-3,541,818	-0.7%

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

$30,000

Total Directors

$13,500

Key Employees

$350,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CARMICHAEL	KEY EMPLOYEE	30.00	Key Emp	$350,000	$0	$350,000
OLIVER HAYNES	ACQUISITION ASSOCIATE	40.00	Highest	$293,717	$450	$294,167
GABRIEL ROARK	ACQUISITION ASSOCIATE	40.00	Highest	$190,000	$0	$190,000
JARED SCHEPMAN	ACQUISITION ASSOCIATE	40.00	Highest	$177,698	$0	$177,698
STUART JOHNSON	ACQUISITION ASSOCIATE	40.00	Highest	$162,000	$0	$162,000
DAVID BRIDGFORTH	ACQUISITION ASSOCIATE	40.00	Highest	$147,000	$0	$147,000
ELEANOR WHITE	PRESIDENT	5.00	Officer	$30,000	$0	$30,000
ROBERT BALDACCI	DIRECTOR	0.00	Director	$1,500	$0	$1,500
ROBERT F COOK	DIRECTOR	5.00	Director	$3,000	$0	$3,000
JOSHUA HAMMOND	DIRECTOR	5.00	Director	$3,000	$0	$3,000
MARK SEGAL	FORMER DIRECTOR	5.00	Director	$3,000	$0	$3,000
PATRICK SHEA	DIRECTOR	5.00	Director	$3,000	$0	$3,000
LAWSON STRINGER	DIRECTOR	5.00	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	$7,677,879	$8,786,402	$40,939,203	$-1,108,523
2022	$2,945,693	$6,487,511	$38,166,515	$-3,541,818
2021	$5,595,751	$8,443,627	$40,176,409	$-2,847,876
2020	$9,886,403	$6,368,003	$43,297,393	$3,518,400
2019	$33,124,122	$5,324,232	$45,649,982	$27,799,890
2018	$9,106,281	$8,426,137	$25,912,739	$680,144

HOUSING PRESERVATION INC