IONA HOUSE CORPORATION (EIN 650421306) - 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

1993

Legal Domicile

Principal Officer

Joseph Gallagher

Phone

2397858858

Tax Period

2024-01-01 to 2024-12-31

IONA HOUSE CORPORATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $139K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $133K left a modest 4% surplus.

Mission

Iona seeks to move families from subsidized housing to that of the market. All annual rent increases go into a savings program which is provided to the tenant upon the end of the tenancy. Eventually, the tenant will have enough funding for the down payment of home purchase or able to afford market rate rents.

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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 $0

Program Service Revenue $0

Investment Income $35,806

Other Revenue $103,300

TOTAL REVENUE $139,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,872

Other Expenses $132,872

TOTAL EXPENSES $132,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,106	$108,686	+0.3%
Expenses	$132,872	$54,844	+1.4%
Net Income	$6,234	$53,842	-0.9%

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

N/A

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
Joseph Gill	Director	1	Director	$0	$0	$0
Charles Kaluza	Director	1	Director	$0	$0	$0
Donald Trew	Director	1	Director	$0	$0	$0
Paul Kiernan	Director	1	Director	$0	$0	$0
Joseph Gallagher	President	4	Officer	$0	$0	$0
Rigoberto Rodriguez	Vice-President	8	Officer	$0	$0	$0
Michael Frino	Secretary/Treasurer	3	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
2024	$139,106	$132,872	$1,269,707	$6,234
2023	$108,686	$54,844	$1,263,473	$53,842
2022	$80,310	$112,422	$1,209,631	$-32,112
2021	$74,479	$12,592	$1,241,743	$61,887
2020	$81,631	$33,578	$1,179,856	$48,053
2019	$112,969	$111,830	$1,137,919	$1,139

IONA HOUSE CORPORATION