Houston, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Houston Area Community Development Corporation, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum. Net assets of $55.1M represent 49 months of operating reserves.
Houston Area Development Corporation (HACDC), a Community Housing Development Corporation (CHDO), owns and operates single room occupancy (SRO) properties housing low-income individuals and the chronically homeless. It offers robust on-site supportive services.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,401,048 | $4,459,262 | +2.0% |
| Expenses | $14,459,903 | $6,929,542 | +1.1% |
| Net Income | $-1,058,855 | $-2,470,280 | -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 |
|---|---|---|---|---|---|---|
| Ricardo Rivas | Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Andrea Link | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Fulton | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Janice E Walker | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sanford W Criner Jr | Chair Emertius | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael M Fowler | Chair Emertius | 2.00 |
Director
|
$0 | $0 | $0 |
| Kenneth J Valach | Chair Emertius | 4.00 |
Director
|
$0 | $0 | $0 |
| Bolivar Fraga | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Irma G Galvan | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Preston Roe | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Joy Horak-Brown | President & CEO | 25.00 |
Officer
|
$190,800 | $924 | $382,524 |
| Tamara Foster | EVP Onsite Ops/Strategic Partnerships | 5.00 |
Officer
|
$0 | $22,041 | $249,741 |
| John Peavy | CFO (from July) | 5.00 |
Officer
|
$0 | $234 | $128,913 |
| Calvin Tang | CFO (to March) | 5.00 |
Officer
|
$0 | $2,385 | $45,718 |
| Diana Gross | VP Philanthrophy & Communications | 2.00 |
Key Emp
|
$0 | $22,041 | $210,291 |
| Ron Lastimosa | VP Real Estate Development | 50.00 |
Key Emp
|
$210,000 | $24,541 | $234,541 |
| Katie Lamb | VP People & Culture | 5.00 |
Key Emp
|
$0 | $22,829 | $211,079 |
| Stacey Lastovica | VP Property Management | 5.00 |
Highest
|
$0 | $22,641 | $160,641 |
| Rhonda Bonfiled | Dir. of Foundations and Corp Rel. | 2.00 |
Highest
|
$0 | $10,482 | $130,082 |
| Ash Hussain | Director of Finance | 5.00 |
Highest
|
$0 | $15,641 | $163,641 |
| Aziz Ouedraogo | Senior Manager Finance | 5.00 |
Highest
|
$0 | $13,483 | $118,483 |
| Katherine Anchondo | Real Estate Development Manager | 50.00 |
Highest
|
$117,252 | $26,981 | $144,233 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $13,401,048 | $14,459,903 | $104,793,654 | $-1,058,855 |
| 2023 | $4,459,262 | $6,929,542 | $98,269,929 | $-2,470,280 |
| 2022 | $14,223,563 | $2,964,277 | $86,408,909 | $11,259,286 |
| 2021 | $18,930,292 | $3,082,600 | $74,476,552 | $15,847,692 |
| 2020 | $5,447,680 | $1,043,346 | $54,774,028 | $4,404,334 |
| 2019 | $7,778,475 | $4,190,424 | $48,492,074 | $3,588,051 |
| 2018 | $11,237,589 | $4,746,550 | $44,867,327 | $6,491,039 |
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