HOUSING NOW - FLAGET INC

EIN: 611073244 501(c)(3) Housing & Shelter

GERMANTOWN, TN

Total Revenue
$1,155,967
Total Expenses
$960,369
Total Assets
$1,571,728
Net Assets
$-489,420
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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

Principal Officer
TERRY JOHNSON
Phone
9017591855
Tax Period
2024-01-01 to 2024-12-31

HOUSING NOW - FLAGET INC is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $196K, a strong 17% operating margin.

Mission

TO PROVIDE LOW INCOME RENTAL HOUSING TO THE ELDERLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $98,808
Program Service Revenue $1,051,275
Investment Income $5,884
Other Revenue $0
TOTAL REVENUE $1,155,967

Expense Breakdown

Grants Paid $0
Salaries & Benefits $98,110
Fundraising Expenses $0
Program Expenses $879,931
Other Expenses $862,259
TOTAL EXPENSES $960,369

Year-over-Year Comparison

2024 2023 Change
Revenue $1,155,967 $1,081,580 +0.1%
Expenses $960,369 $995,813 0.0%
Net Income $195,598 $85,767 +1.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY JOHNSON PRESIDENT N/A
Officer
$0 $0 $0
EDDY CHESTER OFFICER N/A
Officer
$0 $0 $0
ED RUSSELL SECRETARY N/A
Officer
$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 No data No data No data No data
2024 $1,155,967 $960,369 $1,571,728 $195,598
2023 $1,081,580 $995,813 $1,489,630 $85,767
2022 $982,426 $795,774 $1,453,379 $186,652
2021 $979,878 $993,313 $1,455,012 $-13,435
2020 $998,743 $851,340 $1,437,462 $147,403
2019 $977,337 $864,202 $1,346,815 $113,135
2018 $975,255 $881,628 $1,357,047 $93,627
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