35 HANSBOROUGH AFFORDABLE HOUSING … - Form 990 Financial Data

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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

DEBORAH COLLINS

Phone

6172652965

Tax Period

2023-10-01 to 2024-09-30

35 HANSBOROUGH AFFORDABLE HOUSING INC C/O BROOKVIEW HOUSE INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $353K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $491K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING TO QUALIFIED AREA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $398,641 Revenue: $353,112

THE PROGRAM PROVIDES TWELVE UNITS OF AFFORDABLE RENTAL UNITS TO HOMELESS FAMILIES. THE PROGRAM PROVIDES SUPPORT SERVICES TO RESIDENTS INCLUDING CASE MANAGEMENT AND COUNSELING SERVICES AS WELL AS...

THE PROGRAM PROVIDES TWELVE UNITS OF AFFORDABLE RENTAL UNITS TO HOMELESS FAMILIES. THE PROGRAM PROVIDES SUPPORT SERVICES TO RESIDENTS INCLUDING CASE MANAGEMENT AND COUNSELING SERVICES AS WELL AS ON-SITE CHILDCARE AND SPECIALIZED YOUTH PROGRAMS.

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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 $325,536

Investment Income $155

Other Revenue $27,576

TOTAL REVENUE $353,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $398,641

Other Expenses $490,594

TOTAL EXPENSES $490,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,267	$386,090	-0.1%
Expenses	$490,594	$439,630	+0.1%
Net Income	$-137,327	$-53,540	+1.6%

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

$252,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH COLLINS	PRESIDENT (AS OF 1/2024)	2.00	Officer	$0	$19,566	$131,974
DEBORAH HUGHES	PRESIDENT (UNTIL 1/2024)	2.00	Officer	$0	$10,576	$120,611
REV DR ALTHEA SMITH	CHAIR (UNTIL 7/24/24)	2.00	Officer Director	$0	$0	$0
DAYENNE WALTERS	CLERK (UNTIL 5/14/24)	2.00	Officer Director	$0	$0	$0
TANEEKA JOHNSON	INTERIM BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GREGORY CONNOR	TREASURER	2.00	Officer Director	$0	$0	$0
SHELLY STEWART	CLERK	2.00	Officer Director	$0	$0	$0
JESSICA PUTNEY	DIRECTOR	2.00	Director	$0	$0	$0
WIDMINE LOLA REMY	DIRECTOR	2.00	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	$353,267	$490,594	$6,100,397	$-137,327
2023	$386,090	$439,630	$6,246,554	$-53,540
2022	$357,468	$481,974	$6,357,174	$-124,506
2021	$375,497	$393,873	$6,439,691	$-18,376
2020	$136,431	$224,266	$7,150,786	$-87,835
2019	$50,445	$5,243	$6,194,518	$45,202
2018	$227,522	$1,561	$3,204,356	$225,961

35 HANSBOROUGH AFFORDABLE HOUSING INC C/O BROOKVIEW HOUSE INC