Addison, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Spectrum Housing, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $304K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $70K, a strong 23% operating margin.
The primary exempt purpose of the company is to provide decent, safe and affordable housing to low-income and moderate-income individuals and families.
During 2004, the Corporation was admitted as the .01% successor general partner of MAEDC Gainesville Senior Village ("Summit"), a low-income multifamily LIHTC tax credit project. Summit was organized...
During 2004, the Corporation was admitted as the .01% successor general partner of MAEDC Gainesville Senior Village ("Summit"), a low-income multifamily LIHTC tax credit project. Summit was organized to construct and operate a 76 unit senior complex in Gainesville, Texas and is subject to land use agreements restricting tenant incomes. During 2020, the Corporation disposed of the Summit partnership investment.During 2019, the Corporation was admitted as the 2% managing member of BSPV-Plano, LLC, a 318 unit senior multifamily project in Plano, TX. The project, known as Bridgemoor at Plano, must lease 20% of its units to individuals and families whose income does not exceed 50% of the area median family income. The project was under construction at 12/31/20.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $303,756 | $368,000 | -0.2% |
| Expenses | $233,561 | $209,063 | +0.1% |
| Net Income | $70,195 | $158,937 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Frederick D Schnurr | Executive Dir. | 3.00 |
Officer
Director
|
$0 | $101,104 | $101,104 |
| Sheldon Schreiberg | Secretary | 3.00 |
Officer
Director
|
$0 | $100,000 | $100,000 |
| Berri McBride | Vice President | 3.00 |
Officer
Director
|
$0 | $20,000 | $20,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $303,756 | $233,561 | $129,132 | $70,195 |
| 2019 | $368,000 | $209,063 | $58,937 | $158,937 |
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