HOUSING OPPORTUNITIES INC (EIN 710552782) - 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

1981

Legal Domicile

Phone

9037912270

Tax Period

2023-07-01 to 2024-06-30

HOUSING OPPORTUNITIES INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $544K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ELDERLY PERSONS AND ADULTS WITH DISABILITIES HOUSING FACILITIES AND SERVICES TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $312,501

Program Service Revenue $225,798

Investment Income $4,594

Other Revenue $939

TOTAL REVENUE $543,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,098

Fundraising Expenses $0

Program Expenses $548,236

Other Expenses $453,471

TOTAL EXPENSES $563,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$543,832	$854,073	-0.4%
Expenses	$563,569	$555,626	+0.0%
Net Income	$-19,737	$298,447	-1.1%

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

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

$167,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON WASHINGTON	SECRETARY	1.0	Officer Director	$0	$0	$0
MARTHA NORTON	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
MEGAN SCHROEDER	PRESIDENT	1.0	Officer Director	$0	$0	$0
MINDY WILLIAMS	TREASURER	1.0	Officer Director	$0	$0	$0
SONJA HUBBARD	BOARD MEMBER	1.0	Director	$0	$0	$0
BRAD BAILEY	CEO/EXEC DIRECTOR SINCE 3/2/2024	1.0	Officer	$0	$0	$0
KATHALEEN SANDERS	CFO	1.0	Officer	$0	$0	$82,118
SHERRY YOUNG WATKINS	CEO/EXEC 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
2025	No data	No data	No data	No data
2024	$543,832	$563,569	$1,061,765	$-19,737
2023	$854,073	$555,626	$1,096,050	$298,447
2022	$574,230	$485,611	$788,093	$88,619
2021	$605,647	$480,597	$802,710	$125,050
2020	$643,200	$455,373	$836,979	$187,827
2019	$633,767	$488,993	$789,111	$144,774

HOUSING OPPORTUNITIES INC