COMMUNITY HOUSING ASSOCIATION FOR … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DAVID HINKLE

Phone

4052736410

Tax Period

2023-07-01 to 2024-06-30

COMMUNITY HOUSING ASSOCIATION FOR REHABILITATION MEASURES & EFFECTIVE DEVE, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $378K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $573K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE DECENT, SAFE, AND SANITARY HOUSING TO LOW INCOME RESIDENTS OF CREEK, HUGHES, LINCOLN, OKFUSKEE, PAWNEE, PAYNE, POTTAWATOMIE, AND SEMINOLE COUNTIES OF OKLAHOMA.

Program Service Accomplishments

Program 1

Expenses: $572,550 Revenue: $353,770

MAINTENANCE OF 12 LOW-INCOME AND 12 SENIOR RENTAL PROPERTIES AND MONITORING OF 35 LOW INCOME MULTI-FAMILY PROPERTIES WITH OUTSTANDING LOANS.

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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 $331,289

Investment Income $24,243

Other Revenue $22,481

TOTAL REVENUE $378,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $572,550

Other Expenses $572,550

TOTAL EXPENSES $572,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,013	$150,406	+1.5%
Expenses	$572,550	$209,705	+1.7%
Net Income	$-194,537	$-59,299	+2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM GREFF	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HINKLE	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
COURTNEY MATANANE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ALICE COTTLE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY LESLEY	DIRECTOR	1.00	Director	$0	$0	$0
CORKY FIPPS	DIRECTOR	1.00	Director	$0	$0	$0
IVOLETA MITCHUSSON	DIRECTOR	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	$378,013	$572,550	$9,211,825	$-194,537
2023	$150,406	$209,705	$7,607,964	$-59,299
2022	$339,649	$146,287	$7,694,812	$193,362
2021	$346,796	$137,119	$7,535,359	$209,677
2020	$370,547	$172,517	$7,358,930	$198,030
2019	$340,640	$180,409	$7,192,045	$160,231

COMMUNITY HOUSING ASSOCIATION FOR REHABILITATION MEASURES & EFFECTIVE DEVE