HOUSING CORPORATION OF ACADIANA INC D/B/A MAISON DE RAYNE (EIN 721403747) - 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

1997

Legal Domicile

Principal Officer

DEACON ED BOUSTANY

Phone

3374068500

Tax Period

2024-01-01 to 2024-12-31

HOUSING CORPORATION OF ACADIANA INC D/B/A MAISON DE RAYNE, founded in 1997, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2024.

Mission

PROVIDES HOUSING TO LOW INCOME, ELDERLY, AND DISABLED INDIVIDUALS, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS.

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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 $127,344

Program Service Revenue $63,687

Investment Income $45

Other Revenue $0

TOTAL REVENUE $191,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,321

Fundraising Expenses $0

Program Expenses $157,133

Other Expenses $189,303

TOTAL EXPENSES $208,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,076	$199,120	0.0%
Expenses	$208,624	$182,026	+0.1%
Net Income	$-17,548	$17,094	-2.0%

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
JOELLE BOUDREAUX	SECRETARY	1.00	Officer Director	$0	$0	$0
DEACON ED BOUSTANY	PRESIDENT/CE	1.00	Officer Director	$0	$0	$0
FRANCHESCA L HAMILTON-ACKER	BOARD CHAIR	1.00	Director	$0	$0	$0
PAUL MOLBERT	CHAIR-EMERIT	1.00	Officer Director	$0	$0	$0
JOSEPH B WOLF SR	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
KEN STANSBURY	TREASURER	1.00	Director	$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	$191,076	$208,624	$715,416	$-17,548
2023	$199,120	$182,026	$720,030	$17,094
2022	$167,266	$187,416	$717,206	$-20,150
2021	$159,043	$183,041	$741,568	$-23,998
2020	$137,166	$171,907	$742,399	$-34,741
2019	$131,528	$154,953	$771,579	$-23,425
2018	$129,678	$154,610	$802,205	$-24,932

HOUSING CORPORATION OF ACADIANA INC D/B/A MAISON DE RAYNE