HOUSING OPPORTUNITIES ADDITION INC

EIN: 621403850 501(c)(3)

TEXARKANA, TX

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
1989
Legal Domicile
AR
Phone
9037912270
Tax Period
2023-07-01 to 2024-06-30

Mission

TO OPERATE ONE OR MORE ICFMR FACILITIES TO PROVIDE SERVICES TO INDIVIDUALS WHO HAVE A DEVELOPMENTAL DISABILITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $377,299 -1.0%
Expenses N/A $34,217 -1.0%
Net Income N/A $343,082 N/A
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$167,603
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN SCHROEDER VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
SONJA HUBBARD PRESIDENT 1.0
Officer Director
$0 $0 $0
LISA SHOALMIRE BOARD MEMBER 1.0
Director
$0 $0 $0
BRAD BAILEY EXECUTIVE DIRECTOR SINCE 3/2/2024 1.0
Officer
$0 $0 $0
KATHALEEN SANDERS CFO 1.0
Officer
$0 $0 $82,118
SHERRY YOUNG WATKINS EXECUTIVE DIRECTOR THROUGH 3/2/2024 1.0
Officer
$0 $0 $85,485
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 $377,299 $34,217 No data $343,082
2021 $651,801 $742,155 $195,339 $-90,354
2020 $886,263 $830,111 $345,538 $56,152
2019 $718,301 $770,965 $294,630 $-52,664
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