HOUSING ALTERNATIVES INC (EIN 680415771) - 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

1998

Legal Domicile

Principal Officer

BRIAN GRANT

Tax Period

2023-01-01 to 2023-12-31

HOUSING ALTERNATIVES INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $833K in total revenue in fiscal year 2023. The organization ran a surplus of $535K, a strong 64% operating margin.

Mission

Housing Investment and development to serve the housing needs for very-low income and low-income and middle income people.

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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 $244,408

Investment Income $568,806

Other Revenue $20,015

TOTAL REVENUE $833,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,300

Fundraising Expenses $0

Program Expenses $64,981

Other Expenses $29,278

TOTAL EXPENSES $298,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$833,229	N/A	N/A
Expenses	$298,578	N/A	N/A
Net Income	$534,651	N/A	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

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

$222,000

Total Directors

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GRANT	VICE-PRESIDENT	50.00	Officer Highest	$150,000	$0	$150,000
ELVA GRANT	PRESIDENT & EXECUTIVE DIRECTO	40.00	Officer Director	$72,000	$0	$72,000
CARMELLA BADALAYAN	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$833,229	$298,578	$6,620,314	$534,651
2022	$187,561	$450,112	$6,565,284	$-262,551
2021	$516,054	$293,523	$6,193,595	$222,531
2020	$343,575	$370,916	$5,978,398	$-27,341
2019	$444,151	$334,987	$5,992,552	$109,164

HOUSING ALTERNATIVES INC