UNITED HOUSING ASSOCIATES INC (EIN 570995798) - 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

KATHI DEWITT

Phone

8037313881

Tax Period

2022-01-01 to 2022-12-31

UNITED HOUSING ASSOCIATES INC, founded in 1994, is a small nonprofit in the Health Care sector that reported $354K in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 232% operating deficit.

Mission

HOUSING FOR ELDERLY AND LOW INCOME 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 (2022)

Revenue Breakdown

Contributions & Grants $8,081

Program Service Revenue $345,158

Investment Income $302

Other Revenue $0

TOTAL REVENUE $353,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,591

Fundraising Expenses $0

Program Expenses $1,023,931

Other Expenses $968,882

TOTAL EXPENSES $1,173,473

Year-over-Year Comparison

	2022	2021	Change
Revenue	$353,541	$1,202,204	-0.7%
Expenses	$1,173,473	$1,167,655	+0.0%
Net Income	$-819,932	$34,549	-24.7%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN BOOZER	DIRECTOR	0.00	Director	$0	$0	$0
KATHLEEN DEWITT	PRESIDENT	2.00	Officer Director	$0	$0	$0
RONNIE COX	DIRECTOR	0.00	Director	$0	$0	$0
LAURA NICHOLSON	DIRECTOR	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	No data	No data	No data	No data
2022	$353,541	$1,173,473	$8,932,399	$-819,932
2021	$1,202,204	$1,167,655	$9,848,532	$34,549
2020	$1,093,887	$1,123,283	$9,923,560	$-29,396
2019	$1,464,089	$1,227,373	$8,985,423	$236,716
2018	$1,008,275	$1,323,829	$8,881,521	$-315,554

UNITED HOUSING ASSOCIATES INC