THE HOUSING ASSISTANCE CORPORATION (EIN 581831757) - 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

1988

Legal Domicile

Principal Officer

MARGARET FENTON LEBECK

Phone

8286924744

Tax Period

2023-01-01 to 2023-12-31

THE HOUSING ASSISTANCE CORPORATION, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 5% surplus.

Mission

THE HOUSING ASSISTANCE CORPORATION IS A PUBLIC, NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SAFE AND AFFORDABLE HOUSING FOR PERSONS OF LIMITED INCOME LIVING IN HENDERSON COUNTY AND SURROUNDING AREAS, BECAUSE WE BELIEVE EVERY HUMAN BEING DESERVES THE OPPORTUNITY TO LIVE IN A DECENT HOME.

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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 $1,652,598

Program Service Revenue $1,002,764

Investment Income $200,607

Other Revenue $79,535

TOTAL REVENUE $2,935,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $983,966

Fundraising Expenses $81,921

Program Expenses $2,477,276

Other Expenses $1,805,171

TOTAL EXPENSES $2,789,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,935,504	$2,770,321	+0.1%
Expenses	$2,789,137	$2,170,459	+0.3%
Net Income	$146,367	$599,862	-0.8%

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

$199,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WILKIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER HENRY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER DUVALL	TREASURER	2.00	Officer Director	$0	$0	$0
BLANCA SANCHEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
HILTON SWING	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
NOELLE MCKAY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ITZIA MORENO	DIRECTOR	1.00	Director	$0	$0	$0
KEITH NORTON	DIRECTOR	1.00	Director	$0	$0	$0
SONYA FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
NORY LEBRUN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JANE MAYER	DIRECTOR	1.00	Director	$0	$0	$0
MALLORY BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MAYNOR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN DUNN 310-1027	EXECUTIVE DIRECTOR	40.00	Officer	$63,476	$1,343	$64,819
SEAN ROSE 11-39	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$76,863	$14,113	$90,976
SUSAN FRADY 1028-1231	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$43,554	$0	$43,554

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	$2,935,504	$2,789,137	$8,617,800	$146,367
2022	$2,770,321	$2,170,459	$7,712,463	$599,862
2021	$2,074,001	$1,915,890	$7,059,698	$158,111
2020	$1,950,294	$1,727,585	$6,235,032	$222,709
2019	$946,759	$1,470,323	$5,268,405	$-523,564
2018	$1,338,160	$1,316,025	$7,028,593	$22,135

THE HOUSING ASSISTANCE CORPORATION