HOUSTON APARTMENT ASSOCIATION INC (EIN 746068903) - 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

Formation Year

1960

Legal Domicile

Principal Officer

STEPHANIE GRAVES

Phone

7135950310

Tax Period

2023-01-01 to 2023-12-31

HOUSTON APARTMENT ASSOCIATION INC, founded in 1960, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 13% surplus.

Mission

TO PROMOTE THE MULTI-HOUSING IN THE GREATER HOUSTON AREA. THERE ARE APPROXIMATELY 1,830 MEMBERS IN THE ASSOCIATION THAT SERVE APPROXIMATELY 675,000 APARTMENT UNITS.

🔒

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 $1,849,399

Program Service Revenue $1,345,042

Investment Income $189,245

Other Revenue $302,018

TOTAL REVENUE $3,685,704

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $1,544,241

Fundraising Expenses $54,786

Program Expenses $2,807,770

Other Expenses $1,652,501

TOTAL EXPENSES $3,198,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,685,704	$2,700,227	+0.4%
Expenses	$3,198,492	$2,320,256	+0.4%
Net Income	$487,212	$379,971	+0.3%

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

Volunteers

600

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

$825,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE GRAVES	PRESIDENT	2.00	Officer Director	$0	$0	$0
GINA ERWIN	PRESIDENT ELECT	0.50	Officer Director	$0	$0	$0
SHELLEY WATSON	SECRETARY/ TREASURER	0.50	Officer Director	$0	$0	$0
CHRISTY RODRIGUEZ	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
LOYAL PROFFIT	VICE PRESIDENT AT LARGE	0.50	Officer Director	$0	$0	$0
RYAN TERRELL	VP AT LARGE	0.50	Officer Director	$0	$0	$0
QUINTINA WILLIS	VICE PRESIDENT AT LARGE	0.50	Officer Director	$0	$0	$0
TRACIE YODER	VICE PRESIDENT AT LARGE	0.50	Officer Director	$0	$0	$0
MACK ARMSTRONG	DIRECTOR	0.50	Director	$0	$0	$0
JULIE BATCHE	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN BECKER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN BORIACK	DIRECTOR	0.50	Director	$0	$0	$0
JILL BOUNDS	DIRECTOR	0.50	Director	$0	$0	$0
KYLE BROWN	DIRECTOR	0.50	Director	$0	$0	$0
TINA CAVACO	DIRECTOR	0.50	Director	$0	$0	$0
TERRI CLIFTON	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE CROASMUN	DIRECTOR	0.50	Director	$0	$0	$0
DEREK DEVRIES	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH DEROUEN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT DOUGLAS	DIRECTOR	0.50	Director	$0	$0	$0
TAMARA FOSTER	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA FRIEND	DIRECTOR	0.50	Director	$0	$0	$0
DIANE GILBERT	DIRECTOR	0.50	Director	$0	$0	$0
MONICA GRACIA	DIRECTOR	0.50	Director	$0	$0	$0
MANU GUPTA	DIRECTOR	0.50	Director	$0	$0	$0
CLAY HICKS	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH HOLCOMBE	DIRECTOR	0.50	Director	$0	$0	$0
KAREN HEFNER	DIRECTOR	0.50	Director	$0	$0	$0
CRYSTAL JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE KELM	DIRECTOR	0.50	Director	$0	$0	$0
JACOB KUNATH	DIRECTOR	0.50	Director	$0	$0	$0
BARBY LAKE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID LINDLEY	DIRECTOR	0.50	Director	$0	$0	$0
BETSY MARSHALL	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN MCLAUGHLIN	DIRECTOR	0.50	Director	$0	$0	$0
CANDIS MOHR	DIRECTOR	0.50	Director	$0	$0	$0
KATY MYRICK	DIRECTOR	0.50	Director	$0	$0	$0
CARLOS NETO	DIRECTOR	0.50	Director	$0	$0	$0
JENIFER PANERAL	DIRECTOR	0.50	Director	$0	$0	$0
MARK PARK	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA KUMAR PARIKH	DIRECTOR	0.50	Director	$0	$0	$0
VELISSA PARMER	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE PAWELEK	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
KELLY SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
INGRID SCHULTZ	DIRECTOR	0.50	Director	$0	$0	$0
CORRI SMITH	DIRECTOR	0.50	Director	$0	$0	$0
PENNY SPRANG	DIRECTOR	0.50	Director	$0	$0	$0
BLAISE SPITALERI	DIRECTOR	0.50	Director	$0	$0	$0
KELLY SUESS	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE SULZER	DIRECTOR	0.50	Director	$0	$0	$0
STARLA TURNBO	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD WALL	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD WHATCOTT	DIRECTOR	0.50	Director	$0	$0	$0
CASEY MORGAN	CEO	30.00	Officer	$281,918	$20,640	$302,558
SUSAN HINKLEY	VP OPERATIONS	30.00	Officer	$168,851	$18,014	$186,865
TREY WIMBERLY	CFO	30.00	Officer	$167,062	$12,181	$179,243
PEPPER BRADLEY	VP OF GOVT AFFAIRS	40.00	Officer	$143,100	$13,316	$156,416

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	$3,685,704	$3,198,492	$3,343,696	$487,212
2022	$2,700,227	$2,320,256	$2,881,847	$379,971
2021	$2,465,017	$2,161,020	$3,270,825	$303,997
2020	$1,976,388	$2,063,147	$2,118,859	$-86,759
2019	$2,214,645	$2,279,164	$2,256,386	$-64,519
2018	$2,199,622	$2,183,158	$2,074,834	$16,464

HOUSTON APARTMENT ASSOCIATION INC