Texas Inter-Faith Housing Corporation (EIN 741589570) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

chasity elizondo

Phone

7135266634

Tax Period

2023-01-01 to 2023-12-31

Texas Inter-Faith Housing Corporation is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 375% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 60% operating margin.

Mission

affordable housing for low income families

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,625,535

Investment Income $395,887

Other Revenue $0

TOTAL REVENUE $6,021,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,318,251

Other Expenses $2,399,593

TOTAL EXPENSES $2,399,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,021,422	$1,268,585	+3.7%
Expenses	$2,399,593	$2,535,752	-0.1%
Net Income	$3,621,829	$-1,267,167	-3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$216,299

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
russ michaels	executive director	40.0	Key Emp	$0	$216,299	$216,299
daniel jones	president	0.0	Officer Director	$0	$0	$0
veronica sanders	sec/treasurer	0.0	Officer Director	$0	$0	$0
karen nelson	v. pres.	0.0	Officer Director	$0	$0	$0
gloria sanderson	board member	0.0	Director	$0	$0	$0
minal vyas	board member	0.0	Director	$0	$0	$0
kristin mclaughlin	board member	0.0	Director	$0	$0	$0
troy nelson	board member/resident repr	0.0	Director	$0	$0	$0
arrie colca	board member	0.0	Director	$0	$0	$0
carlos saenz	board member	0.0	Director	$0	$0	$0
sam lark jr	board member	0.0	Director	$0	$0	$0
stacy jackson	board member	0.0	Director	$0	$0	$0
stewart hill	board member	0.0	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	No data	No data	No data	No data
2023	$6,021,422	$2,399,593	$25,786,659	$3,621,829
2022	$1,268,585	$2,535,752	$16,442,693	$-1,267,167
2021	$15,259,186	$4,883,271	$27,323,861	$10,375,915
2020	$2,841,610	$3,264,987	$7,675,272	$-423,377

Texas Inter-Faith Housing Corporation