INNOVATIVE HOUSING INITIATIVES INC (EIN 581881620) - 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

1990

Legal Domicile

Principal Officer

JOYCE BARLOW

Phone

2054344500

Tax Period

2021-10-01 to 2022-09-30

INNOVATIVE HOUSING INITIATIVES INC, founded in 1990, is a micro nonprofit in the Housing & Shelter sector that reported $614K in total revenue in fiscal year 2021. Revenue fell 779% from the prior year — a significant decline worth monitoring.

Mission

PROVIDED AFFORDABLE HOUSING TO 24 LOW-INCOME AND/OR ELDERLY RESIDENTS IN ALBANY, GEORGIA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,729

Investment Income $-651,908

Other Revenue $0

TOTAL REVENUE $-614,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,530

Other Expenses $50,050

TOTAL EXPENSES $50,050

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-614,179	$90,499	-7.8%
Expenses	$50,050	$140,970	-0.6%
Net Income	$-664,229	$-50,471	+12.2%

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

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
JOYCE BARLOW	CHARIMAN	2.00	Officer Director	$0	$0	$0
RICHARD KENNEDY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM MYLES	CEO	5.00	Officer Director	$0	$0	$0
C NATHAN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JEAN HIGHSMITH	DIRECTOR	2.00	Director	$0	$0	$0
JIMMIE HALL JR	DIRECTOR	2.00	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
2022	$-614,179	$50,050	$281,665	$-664,229
2021	$90,499	$140,970	$958,215	$-50,471
2020	$90,012	$114,328	$1,061,443	$-24,316
2019	$90,706	$126,177	$1,081,060	$-35,471
2018	$89,556	$132,123	$1,094,820	$-42,567

INNOVATIVE HOUSING INITIATIVES INC