INDEPENDENCE HALL MUTUAL HOUSING ASSOC (EIN 760588137) - 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

1998

Legal Domicile

Principal Officer

WILLIAM ELSBREE

Phone

6178996297

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE HALL MUTUAL HOUSING ASSOC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ASSOCIATION WAS FORMED FOR THE PURPOSE OF IMPROVING THE OVERALL COMMUNITY STABILITY THROUGH THE DEVELOPMENT OF MUTUAL HOUSING OWNERSHIP AND MANAGEMENT OF HOUSING AS AN AFFORDABLE ALTERNATIVE FOR LOW INCOME FAMILIES.

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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 $1,418,126

Investment Income $32

Other Revenue $0

TOTAL REVENUE $1,418,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,567

Fundraising Expenses $0

Program Expenses $1,587,207

Other Expenses $1,212,640

TOTAL EXPENSES $1,587,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,158	$1,391,085	+0.0%
Expenses	$1,587,207	$1,422,833	+0.1%
Net Income	$-169,049	$-31,748	+4.3%

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

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
RICH SANKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANA JONES	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH MOFFETT	SECRETARY	1.00	Officer Director	$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	No data	No data	No data	No data
2023	$1,418,158	$1,587,207	$822,046	$-169,049
2022	$1,391,085	$1,422,833	$967,934	$-31,748
2021	$1,388,882	$1,418,529	$1,068,753	$-29,647
2020	$1,343,082	$1,307,441	$1,091,393	$35,641
2019	$1,310,590	$1,382,788	$1,111,135	$-72,198
2018	$1,271,496	$1,307,870	$1,193,600	$-36,374

INDEPENDENCE HALL MUTUAL HOUSING ASSOC