BLACKWATER HOUSING CORPORATION (EIN 593221444) - 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

1992

Legal Domicile

Principal Officer

LAURA WRIGHT

Phone

8506646000

Tax Period

2018-06-01 to 2019-05-31

BLACKWATER HOUSING CORPORATION, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $36K in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 232% operating deficit.

Mission

THE CORPORATION SHALL PROVIDE POSITIVE HOUSING OPPORTUNITIES TO THOSE FAMILIES OF LOW AND MODEST FINANCIAL MEANS AND SHALL STRIVE TO PROMOTE SELF-RESPECT AND SELF-RELIANCE AMONG ITS RESIDENTS WHILE MAINTAINING THE INTEGRITY OF THE PROPERTIES AND THE FINANCIAL GOALS ESTABLISHED BY THE BOARD OF DIRECTORS. THIS MISSION SHALL BE ACCOMPLISHED THROUGH COMPETENT, PROFESSIONAL MANAGEMENT, ACTIVE PARTICIPATION BY THE BOARD OF DIRECTORS, THE RESIDENTS AND THE COMMUNITY, ALL WORKING TOGETHER TO CARE FOR THE PROPERTY AND EACH OTHER.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,102

Other Expenses $119,102

TOTAL EXPENSES $119,102

Year-over-Year Comparison

	2018	2017	Change
Revenue	$35,860	$14,640,693	-1.0%
Expenses	$119,102	$2,127,216	-0.9%
Net Income	$-83,242	$12,513,477	-1.0%

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
ROBERT COLE	DIRECTOR	0.00	Director	$0	$0	$0
CYNTHIA WILCOX	PRESIDENT	2.00	Director	$0	$0	$0
LAURA WRIGHT	SECRETARY/TRESURER	2.00	Officer Director	$0	$0	$0
REBECCA FREEMAN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
VENETA FINLEY	DIRECTOR	0.00	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
2019	$35,860	$119,102	$385,330	$-83,242
2018	$14,640,693	$2,127,216	$472,684	$12,513,477

BLACKWATER HOUSING CORPORATION