HERITAGE HOMEOWNERS ASSOCIATION 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

2000

Legal Domicile

Principal Officer

BRIAN BLACK

Phone

8177411912

Tax Period

2023-10-01 to 2024-09-30

HERITAGE HOMEOWNERS ASSOCIATION INC, founded in 2000, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $1.9M left a modest 8% surplus.

Mission

HERITAGE HOMEOWNERS ASSOCIATION IS RESPONSIBLE FOR THE PROFESSIONAL MANAGEMENT AND PROTECTION OF THE COMMUNITY'S FISCAL AND ENVIRONMENTAL ASSETS. HERITAGE HOMEOWNERS ASSOCIATION DELIVERS HIGH QUALITY AND CONSISTENT OPERATIONS AND LANDSCAPE MAINTENANCE OF THE COMMON AREAS WITH AN EMPHASIS ON OPEN COMMUNICATION WITH THE COMMUNITY. THE RESULT IS SUSTAINED PROPERTY VALUES AND EXCEPTIONAL QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $797,414 Revenue: $117,332

PROVIDE RECREATIONAL ACTIVITIES FOR THE MEMBERS OF THE COMMUNITY.

Program 2

Expenses: $938,823 Revenue: $1,778,532

PROTECT AND MAINTAIN THE AESTHETICS OF THE COMMUNITY BY CONDUCTING THE MAINTENANCE AND IMPROVEMENTS OF RECREATIONAL FACILITIES AND RIGHT OF WAY ALONG DEDICATED CITY STREETS AND BY PROVIDING GENERAL...

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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 $1,895,864

Investment Income $169,965

Other Revenue $0

TOTAL REVENUE $2,065,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,736,237

Other Expenses $1,897,108

TOTAL EXPENSES $1,897,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,065,829	$1,952,178	+0.1%
Expenses	$1,897,108	$1,643,484	+0.2%
Net Income	$168,721	$308,694	-0.5%

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
KEITH SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN BLACK	PRESIDENT	5.00	Officer	$0	$0	$0
JENNIFER SAMUELS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MARJORIE WOFFORD	SECRETARY	5.00	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	$2,065,829	$1,897,108	$3,924,331	$168,721
2023	$1,952,178	$1,643,484	$3,704,794	$308,694
2022	$1,724,982	$1,740,387	$3,381,344	$-15,405
2021	$1,703,538	$1,534,943	$3,382,000	$168,595
2020	$1,639,165	$1,526,922	$3,210,117	$112,243