HOUSING REINVESTMENT CORPORATION OF AMERICA INC (EIN 820719315) - 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

2015

Legal Domicile

Principal Officer

EDWARD J GORMAN

Phone

2026288866

Tax Period

2023-01-01 to 2023-12-31

HOUSING REINVESTMENT CORPORATION OF AMERICA INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $500K in total revenue in fiscal year 2023. Expenses of $459K left a modest 8% surplus.

Mission

HRCA IS A DEVELOPER IN THE SINGLE-FAMILY RESIDENTIAL SPACE IN LMI COMMUNITIES, OR ON BEHALF OF LMI FAMILIES, WHICH ACCOMPLISHES NCRC'S GROWTH (GENERATING REAL OPPORTUNITIES FOR WORK THROUGH HOUSING) OBJECTIVES TO PRESERVE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES TO LMI FAMILIES. HRCA IS INTEGRAL TO THE GROWTH INITIATIVE AND RELATED DEVELOPMENT OPPORTUNITIES OF NCRC.

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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 $492,422

Program Service Revenue $7,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $499,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $452,076

Other Expenses $459,331

TOTAL EXPENSES $459,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$499,922	$483,911	+0.0%
Expenses	$459,331	$481,976	0.0%
Net Income	$40,591	$1,935	+20.0%

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
JOHN TAYLOR	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
IRV HENDERSON	SECRETARY	0.25	Officer Director	$0	$0	$0
PAUL KOCHES	DIRECTOR	0.25	Director	$0	$0	$0
CHRISSI JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
EDWARD J GORMAN	PRESIDENT	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	No data	No data	No data	No data
2023	$499,922	$459,331	$1,071,641	$40,591
2022	$483,911	$481,976	$1,023,911	$1,935

HOUSING REINVESTMENT CORPORATION OF AMERICA INC