Housing Resources Center Inc (EIN 582137444) - 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

Jill Cromartie

Phone

5123283232

Tax Period

2024-10-01 to 2025-09-30

Housing Resources Center Inc, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 16% operating margin.

Mission

Provides management assistance for housing for the elderly, disabled, and persons with disabilities, and provides technical assistance for organizations which provide housing for the elderly, disabled, and persons with disabilities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $66,641

Investment Income $8,667

Other Revenue $0

TOTAL REVENUE $75,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,681

Fundraising Expenses $0

Program Expenses $16,039

Other Expenses $45,422

TOTAL EXPENSES $63,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,308	$273,113	-0.7%
Expenses	$63,103	$243,975	-0.7%
Net Income	$12,205	$29,138	-0.6%

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

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
Diana McIver	Board Chair (from May 2025)	2.00	Officer Director	$0	$0	$0
Jill Cromartie	President (from May 2025)	2.00	Officer Director	$0	$0	$0
Susan McDonald	Vice President	2.00	Officer Director	$0	$0	$0
Ann Cone	Treasurer(from May 2025)	2.00	Officer Director	$0	$0	$0
Linda Preston	Director	2.00	Director	$0	$0	$0
Ann Marie Schmidt	Director	2.00	Director	$0	$0	$0
Melvin J Sawyer Jr	Director	2.00	Director	$0	$0	$0
Grace Rutledge	Director	2.00	Director	$0	$0	$0
Ashley Northcutt	Director	2.00	Director	$0	$0	$0
Becky Wiles	Director	2.00	Director	$0	$0	$0
Ellen Vossbrink	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
2025	$75,308	$63,103	$606,530	$12,205
2024	$273,113	$243,975	$602,739	$29,138
2023	$587,859	$765,344	$568,036	$-177,485
2022	$528,182	$660,994	$766,688	$-132,812
2021	$545,075	$552,669	$871,531	$-7,594
2020	$553,985	$518,729	$857,604	$35,256
2019	$546,863	$535,171	$819,094	$11,692

Housing Resources Center Inc