HARC III HOUSING INC

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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

1991

Legal Domicile

Principal Officer

CHRISTOPHER B STEWART

Phone

2055034040

Tax Period

2023-10-01 to 2024-09-30

HARC III HOUSING INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $163K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $198K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDES LOW-INCOME HOUSING FOR PERSONS WITH INTELLECTUAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $167,016 Revenue: $162,490

HARC III PROVIDES LOW-INCOME HOUSING TO 30 INTELLECTUALLY DISABLED ADULTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND REGULATED BY HUD.

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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 $0

Program Service Revenue $162,490

Investment Income $402

Other Revenue $0

TOTAL REVENUE $162,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,581

Fundraising Expenses $0

Program Expenses $167,016

Other Expenses $164,666

TOTAL EXPENSES $198,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,892	$174,489	-0.1%
Expenses	$198,247	$190,956	+0.0%
Net Income	$-35,355	$-16,467	+1.1%

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
BRIAN PFLAUM	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT REGULUS	DIRECTOR	0.50	Director	$0	$0	$0
NANCY SMITH	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE HUNT	DIRECTOR	0.50	Director	$0	$0	$0
JACK KNIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS STEWART	PRESIDENT	1.00	Officer 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	$162,892	$198,247	$200,869	$-35,355
2023	$174,489	$190,956	$201,966	$-16,467
2022	$199,876	$180,132	$198,531	$19,744
2021	$198,409	$199,067	$201,836	$-658
2020	$200,744	$216,406	$220,126	$-15,662
2019	$216,262	$201,288	$267,135	$14,974
2018	$217,129	$207,732	$280,999	$9,397