ELEVATE HOUSING FOUNDATION (EIN 821235705) - 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

2017

Legal Domicile

Phone

7085963050

Tax Period

2023-01-01 to 2023-12-31

ELEVATE HOUSING FOUNDATION, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.4M in total revenue in fiscal year 2023.

Mission

Elevate Housing Foundation(Elevate) is organized and shall be operated exclusively for charitable purposes, including relieving the poor and distressed by providingsafe, decent and sanitary housing to seniors and families in need of affordable housing. While not limited to such, Elevate may provide housing that is subsidized by HUD or by other governmental programs. However, regardless of any subsidy, occupancy in housing owned by Elevate will be limited in accordance with the standards set forth fo nonprofit affordable housing in Rev. Proc 96-32.

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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 $271,807

Program Service Revenue $26,137,287

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,409,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,208,127

Fundraising Expenses $0

Program Expenses $27,031,652

Other Expenses $11,911,074

TOTAL EXPENSES $27,119,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,409,094	$24,527,753	+0.1%
Expenses	$27,119,201	$25,031,429	+0.1%
Net Income	$-710,107	$-503,676	+0.4%

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

N/A

Employees

550

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

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Tony Shir	Board Member	Director	$40,000	$0	$40,000
Ilya Shulman	President	Director	$0	$0	$0
Arkadi Rapaport	Board Member	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	$26,409,094	$27,119,201	$36,757,046	$-710,107
2022	$24,527,753	$25,031,429	$32,604,403	$-503,676
2021	$19,775,453	$25,146,833	$28,372,310	$-5,371,380
2020	$19,130,686	$22,230,167	$33,651,372	$-3,099,481
2019	$14,186,749	$16,407,525	$32,627,581	$-2,220,776

ELEVATE HOUSING FOUNDATION