HOUSING PROGRAMS INC (EIN 611665354) - 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

2011

Legal Domicile

Principal Officer

ISAAC SIMHON

Phone

3056881600

Tax Period

2023-01-01 to 2023-12-31

HOUSING PROGRAMS INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 511% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 15% surplus.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,154,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,154,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,775

Fundraising Expenses $20,078

Program Expenses $1,785,561

Other Expenses $1,639,898

TOTAL EXPENSES $1,840,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,154,000	$352,295	+5.1%
Expenses	$1,840,673	$637,804	+1.9%
Net Income	$313,327	$-285,509	-2.1%

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

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
ESTHER ALFANDARY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JUAN GARCIA	TREASURER	N/A	Officer Director	$0	$0	$0
ISAAC SIMHON	PRESIDENT	N/A	Officer 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
2024	No data	No data	No data	No data
2023	$2,154,000	$1,840,673	$1,344,369	$313,327
2022	$352,295	$637,804	$1,967,186	$-285,509
2021	$448,240	$841,397	$1,290,824	$-393,157
2020	$1,716,205	$1,899,763	$1,005,879	$-183,558
2019	$1,043,312	$1,388,623	$1,144,640	$-345,311
2018	$1,278,150	$992,848	$1,204,596	$285,302

HOUSING PROGRAMS INC