HIALCO-OIC HOUSING ASSISTANCE INC

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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

1984

Legal Domicile

Principal Officer

LEROY BUNCH

Phone

2108214300

Tax Period

2022-10-01 to 2023-09-30

HIALCO-OIC HOUSING ASSISTANCE INC, founded in 1984, is a small nonprofit that reported $531K in total revenue in fiscal year 2022. Expenses of $503K left a modest 5% surplus.

Mission

AS A CHARITY, PROVIDES LOW-INCOME HOUSING AND SOCIAL SERVICES TO ELDERLY AND HANDICAPPED FAMILIES PURSANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $456,953 Revenue: $527,081

PROVIDE LOW-INCOME HOUSING TO 52 FAMILIES NEEDING PUBLIC ASSISTANCE AS REGULATED BY THE U.S. DEPARTMENT OF HUD UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. FORTY ELDERLY AND TWELVE HANDICAPPED...

PROVIDE LOW-INCOME HOUSING TO 52 FAMILIES NEEDING PUBLIC ASSISTANCE AS REGULATED BY THE U.S. DEPARTMENT OF HUD UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. FORTY ELDERLY AND TWELVE HANDICAPPED FAMILIES WERE SERVED. PROVIDED ON-SITE SOCIAL AND REFERRAL SERVICES FOR THE RESIDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $522,762

Investment Income $3,588

Other Revenue $4,319

TOTAL REVENUE $530,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,094

Fundraising Expenses $0

Program Expenses $456,953

Other Expenses $426,414

TOTAL EXPENSES $502,508

Year-over-Year Comparison

	2022	2021	Change
Revenue	$530,669	$507,355	+0.0%
Expenses	$502,508	$556,885	-0.1%
Net Income	$28,161	$-49,530	-1.6%

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
JOHN JACKSON	SECRETARY/TREASURER	0.10	Officer Director	$0	$0	$0
LEROY BUNCH	PRESIDENT	0.10	Officer Director	$0	$0	$0
TERRY MILLS	DIRECTOR	0.10	Director	$0	$0	$0
JACLYN S WOODRING	MANAGEMENT AGENT CEO	0.05	Officer	$0	$0	$0
JAMES BUTCHER	MANAGEMENT AGENT CFO	0.05	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	$530,669	$502,508	$931,726	$28,161
2022	$507,355	$556,885	$981,177	$-49,530
2021	$501,122	$505,807	$1,064,118	$-4,685
2020	$507,285	$466,656	$1,097,696	$40,629
2019	$508,107	$431,490	$1,103,442	$76,617
2018	$502,417	$422,342	$1,061,823	$80,075