THE HOUSING PARTNERSHIP INC (EIN 611154315) - 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

1988

Legal Domicile

Principal Officer

PATRICK CORNETT

Phone

5025855451

Tax Period

2024-07-01 to 2025-06-30

THE HOUSING PARTNERSHIP INC, founded in 1988, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

TO CREATE, SUSTAIN AND PROMOTE ACCESS TO AFFORDABLE HOUSING OPPORTUNITIES.

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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 $635,794

Program Service Revenue $13,946,730

Investment Income $-932,274

Other Revenue $0

TOTAL REVENUE $13,650,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,735,088

Fundraising Expenses $1,309

Program Expenses $12,289,963

Other Expenses $10,700,256

TOTAL EXPENSES $13,435,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,650,250	$9,323,242	+0.5%
Expenses	$13,435,344	$8,503,030	+0.6%
Net Income	$214,906	$820,212	-0.7%

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

$558,167

Total Directors

$208,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HAWES	PRESIDENT	40.00	Officer Director	$190,034	$18,390	$208,424
PATRICK CORNETT	EXECUTIVE VICE PRESIDENT	40.00	Officer	$142,602	$26,916	$169,518
DONNA MCDONALD	DIRECTOR OF ACCOUNTING & F	40.00	Highest	$122,029	$11,341	$133,370
JULIE SPENCER	DIRECTOR OF CONSTRUCTION	40.00	Highest	$101,428	$7,960	$109,388
LISA DESPAIN	VICE PRESIDENT (THROUGH MAY 31, 2024)	40.00	Officer	$80,933	$2,675	$83,608
HANNAH DAVIS	SECRETARY	40.00	Officer	$65,975	$2,344	$68,319
GABE FRITZ	VICE PRESIDENT (EFF OCT 2024)	40.00	Officer	$28,006	$292	$28,298
MARK HARDIN	TREASURER	0.40	Officer Director	$0	$0	$0
CHUCK SCHRAM	BOARD CHAIR	0.40	Officer Director	$0	$0	$0
MARK F WHEELER	DIRECTOR	0.40	Director	$0	$0	$0
DONNA L MURRAY-BROWN	DIRECTOR	0.40	Director	$0	$0	$0
ROBERT LOCKE	DIRECTOR	0.40	Director	$0	$0	$0
ROBERT B VICE	DIRECTOR	0.40	Director	$0	$0	$0
JOHN TRAWICK	DIRECTOR	0.40	Director	$0	$0	$0
TAMMY THOMAS	DIRECTOR	0.40	Director	$0	$0	$0
LORI FLANERY	DIRECTOR	0.40	Director	$0	$0	$0
SCOTT G LOVE	DIRECTOR	0.40	Director	$0	$0	$0
BRIANNA CAREY	DIRECTOR	0.40	Director	$0	$0	$0
ERIC BOW	DIRECTOR	0.40	Director	$0	$0	$0
JOHN KOEHLINGER	DIRECTOR	0.40	Director	$0	$0	$0
BRIAN KARST	DIRECTOR	0.40	Director	$0	$0	$0
YVONNE MCAFEE	DIRECTOR	0.40	Director	$0	$0	$0
RODDELL MCCULLOUGH	DIRECTOR	0.40	Director	$0	$0	$0
MARIA BOUVETTE	DIRECTOR	0.40	Director	$0	$0	$0
BILLIE W WADE	DIRECTOR	0.40	Director	$0	$0	$0
RANDY CHILDRESS	DIRECTOR (EFF 2024)	0.40	Director	$0	$0	$0
NATHAN SMITH	DIRECTOR (EFF 2024)	0.40	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	$13,650,250	$13,435,344	$56,421,855	$214,906
2024	$9,323,242	$8,503,030	$56,932,637	$820,212
2023	$12,078,295	$10,092,468	$41,057,747	$1,985,827
2022	$10,025,390	$9,691,099	$43,644,315	$334,291
2021	$8,946,540	$8,117,871	$42,165,743	$828,669
2020	$9,953,531	$9,667,792	$38,232,723	$285,739
2019	$10,411,664	$10,107,305	$39,487,715	$304,359
2018	$9,199,188	$12,227,780	$33,849,054	$-3,028,592

THE HOUSING PARTNERSHIP INC