HIGHLANDS COUNTY HOUSING AUTHORITY INC (EIN 813592611) - 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

2016

Legal Domicile

Principal Officer

TOD SCHWINGEL

Phone

8633826676

Tax Period

2024-01-01 to 2024-12-31

HIGHLANDS COUNTY HOUSING AUTHORITY INC, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $9 in total revenue in fiscal year 2024. Revenue surged 200% from the prior year, signaling strong growth momentum. Expenses of $174K exceeded revenue, resulting in a 1934433% operating deficit.

Mission

PURPOSE IS TO MAINTAIN AN AFFORDABLE HOUSING FACILITY FOR HABITABILITY CONSISTENT WITH GENERALLY APPLICABLE HOUSING STANDARDS FOR LEASE TO RESIDENTIAL TENANTS LOCATED IN THE CITY OF SEBRING, FLORIDA UNDER ALL FEDERAL, STATE, AND LOCAL LAWS, ORDINANCES, CODES, STATUTES, AND REGULATIONS, TO PROVIDE SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL ENVIRONEMNT, ECONOMIC, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS TO LONGER LIVING.

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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 $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $9

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,108

Other Expenses $174,108

TOTAL EXPENSES $174,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9	$3	+2.0%
Expenses	$174,108	$117,801	+0.5%
Net Income	$-174,099	$-117,798	+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

N/A

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
ALTHEA HARGROVE	SECRETARY	N/A	Officer	$0	$0	$0
TOD SCHWINGEL	PRESIDENT	N/A	Officer	$0	$0	$0
DEBORAH ERCOLI WOOD	VICE PRES/TR	N/A	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	$9	$174,108	$7,268,028	$-174,099
2023	$3	$117,801	$5,025,362	$-117,798

HIGHLANDS COUNTY HOUSING AUTHORITY INC