URBAN HOUSING SOLUTIONS INC (EIN 621466422) - 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

1991

Legal Domicile

Principal Officer

BRENT ELROD

Phone

6157262696

Tax Period

2024-01-01 to 2024-12-31

URBAN HOUSING SOLUTIONS INC, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $17.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE RENTAL HOUSING AND SOCIAL SERVICES FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE NASHVILLE AREA.

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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 $3,452,806

Program Service Revenue $10,189,101

Investment Income $150,948

Other Revenue $116,625

TOTAL REVENUE $13,909,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,585,534

Fundraising Expenses $0

Program Expenses $16,707,482

Other Expenses $13,702,470

TOTAL EXPENSES $17,288,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,909,480	$15,603,580	-0.1%
Expenses	$17,288,004	$14,250,438	+0.2%
Net Income	$-3,378,524	$1,353,142	-3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE HYDE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL LEWIS	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
KATINA BEARD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN GREGORY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS MAYFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW RITTER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTIAN KETEL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT ELROD	MANAGING DIRECTOR	40.00	Highest	$126,191	$0	$126,191
LAURA WARD	DIRECTOR OF FINANCE	40.00	Highest	$115,767	$0	$115,767

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	$13,909,480	$17,288,004	$89,378,329	$-3,378,524
2024	$13,909,480	$17,288,004	$89,378,329	$-3,378,524
2023	$15,603,580	$14,250,438	$96,808,508	$1,353,142
2022	$13,351,850	$11,143,421	$96,040,814	$2,208,429
2021	$12,951,476	$9,367,936	$85,110,787	$3,583,540
2020	$11,105,010	$7,787,116	$71,350,237	$3,317,894
2019	$13,631,961	$6,668,820	$47,149,417	$6,963,141
2018	$9,884,798	$6,606,043	$38,853,367	$3,278,755

URBAN HOUSING SOLUTIONS INC