UNIFIED HOUSING FOUNDATION INC FKA HOUSING ASSISTANCE FOUNDATION FOR SE (EIN 760557203) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

R NEIL CROUCH II

Phone

2147508845

Tax Period

2024-01-01 to 2024-12-31

UNIFIED HOUSING FOUNDATION INC FKA HOUSING ASSISTANCE FOUNDATION FOR SE, founded in 1997, is a mid-sized nonprofit in the Community Improvement sector that reported $38.0M in total revenue in fiscal year 2024. Expenses of $33.8M left a modest 11% surplus.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ACQUIRING AND OPERATING LOW-INCOME HOUSING PROPERTIES WITHIN THE GUIDELINES OF IRS NOTICE 93-1 OR WITHIN ANY SUCCESSOR OR ALTERNATE "SAFE-HARBOR" AFFORDABLE HOUSING GUIDELINE PUBLISHED BY THE IRS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,496,060

Investment Income $3,513,313

Other Revenue $0

TOTAL REVENUE $38,009,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,000

Fundraising Expenses $0

Program Expenses $29,788,857

Other Expenses $33,799,114

TOTAL EXPENSES $33,821,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,009,373	$36,840,304	+0.0%
Expenses	$33,821,114	$33,994,806	0.0%
Net Income	$4,188,259	$2,845,498	+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

$6,000

Total Directors

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R NEIL CROUCH II	DIR, PRESIDENT, TREASURER	0.00	Officer Director	$0	$0	$0
MARTHA C STEPHENS	DIRECTOR	0.50	Director	$5,000	$0	$5,000
CAROLYNN F BEVERS	DIRECTOR	0.50	Director	$6,000	$0	$6,000
BYRON K ROWLETT	DIRECTOR	0.50	Director	$5,000	$0	$5,000
MELANIE CARTER	DIR, VP, SECRETARY	0.50	Officer Director	$6,000	$0	$6,000

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	$38,009,373	$33,821,114	$245,025,545	$4,188,259
2023	$36,840,304	$33,994,806	$201,483,039	$2,845,498
2022	$38,983,380	$36,477,901	$206,017,439	$2,505,479
2021	$106,275,759	$43,896,482	$202,465,648	$62,379,277
2020	$57,104,113	$51,619,825	$212,034,924	$5,484,288
2019	$83,882,369	$68,921,186	$242,258,811	$14,961,183

UNIFIED HOUSING FOUNDATION INC FKA HOUSING ASSISTANCE FOUNDATION FOR SE