FLORIDA HOUSING COALITION INC (EIN 592235835) - 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

1982

Legal Domicile

Principal Officer

ASHON NESBITT

Phone

8508784219

Tax Period

2024-01-01 to 2024-12-31

FLORIDA HOUSING COALITION INC, founded in 1982, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 5% surplus.

Mission

THE FLORIDA HOUSING COALITION, INC., IS A NONPROFIT, STATEWIDE MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO BRING TOGETHER HOUSING ADVOCATES AND RESOURCES SO THAT ALL FLORIDIANS HAVE A QUALITY AFFORDABLE HOME AND SUITABLE LIVING ENVIRONMENT.THE COALITION PROVIDES PROFESSIONAL CONSULTATION SERVICES THROUGH TRAINING AND TECHNICAL ASSISTANCE ON AFFORDABLE HOUSING AND RELATED ISSUES; SUPPORTS COMMUNITY-BASED PARTNERSHIPS IN LEVERAGING RESOURCES; AND ADVOCATES FOR POLICIES, PROGRAMS AND USE OF FUNDING RESOURCES THAT MAXIMIZE THE AVAILABILITY AND IMPROVE THE QUALITY OF AFFORDABLE HOUSING IN FLORIDA. THE COALITION CARRIES OUT THIS MISSION RECOGNIZING THAT AFFORDABLE HOUSING IS AN INTEGRAL PART OF COMMUNITY REVITALIZATION AND ECONOMIC DEVELOPMENT.

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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 $1,122,453

Program Service Revenue $2,557,618

Investment Income $111,174

Other Revenue $2,305

TOTAL REVENUE $3,793,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,715,911

Fundraising Expenses $0

Program Expenses $3,204,989

Other Expenses $888,659

TOTAL EXPENSES $3,604,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,793,550	$3,221,278	+0.2%
Expenses	$3,604,570	$3,254,728	+0.1%
Net Income	$188,980	$-33,450	-6.6%

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

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

$317,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMANDO FANA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADFORD GOAR	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL HOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
ED BUSANSKY	AT LARGE	1.00	Director	$0	$0	$0
GEORGE ROMAGNOLI	AT LARGE	1.00	Director	$0	$0	$0
JACK HUMBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KISS	AT LARGE	1.00	Director	$0	$0	$0
KATHY HAZELWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
MANNY SARRIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN DRAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MELVIN PHILPOT	AT LARGE	1.00	Director	$0	$0	$0
MIKE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN BENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE CABRERA	AT LARGE	1.00	Director	$0	$0	$0
AMANDA ROSADO	COO	50.00	Officer	$131,300	$16,508	$147,808
ASHON NESBITT	CEO/PRESIDENT	50.00	Officer	$134,987	$34,874	$169,861
BEN JOHNSON	TREASURER	1.00	Officer	$0	$0	$0
GLADYS COOK	CHAIR	1.00	Officer	$0	$0	$0
LEROY MOORE	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT VON	VICE CHAIR	1.00	Officer	$0	$0	$0
AMANDA WANDER	ENDING HOMELESSNESS PROGRAM DIRECTOR	50.00	Highest	$106,050	$11,014	$117,064
CATHERINE REYNOLDS	RESILIENCE AND RECOVERY PROGRAM DIRECTOR	50.00	Highest	$106,050	$3,591	$109,641
KIMBERLY BURTON	HOUSING AND COMMUNITY DEVELOPMENT PROGRAM DIRECTOR	50.00	Highest	$106,050	$18,950	$125,000
KODY GLAZER	CHIEF LEGAL AND POLICY OFF	50.00	Highest	$127,658	$14,798	$142,456
MICHAEL CHANEY	CATALYST PROGRAM DIRECTOR	50.00	Highest	$108,203	$20,296	$128,499

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	$3,793,550	$3,604,570	$3,300,606	$188,980
2023	$3,221,278	$3,254,728	$3,011,753	$-33,450
2022	$2,834,476	$3,065,120	$3,316,695	$-230,644
2021	$2,751,981	$2,321,020	$3,355,387	$430,961
2020	$2,714,325	$2,181,817	$3,026,873	$532,508
2019	$2,363,455	$2,109,005	$2,379,024	$254,450
2018	$2,536,679	$1,962,212	$1,990,739	$574,467

FLORIDA HOUSING COALITION INC