HOUSING EQUITY & ADVOCACY RESOURCE TEAM (EIN 825280771) - 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

2018

Legal Domicile

Principal Officer

DIANNE PRADO

Phone

3236434430

Tax Period

2023-01-01 to 2023-12-31

HOUSING EQUITY & ADVOCACY RESOURCE TEAM, founded in 2018, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $404K exceeded revenue, resulting in a 66% operating deficit.

Mission

HOUSING EQUITY ADVOCACY RESOURCE TEAM HEART L.A., IS A NONPROFIT PUBLIC INTEREST LAW FIRM THAT PROVIDES LEGAL REPRESENTATION AND ADVOCACY TO KEEP PEOPLE AND THEIR COMPANION ANIMALS HOUSED.

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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 $242,610

Program Service Revenue $0

Investment Income $205

Other Revenue $0

TOTAL REVENUE $242,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,255

Fundraising Expenses $24,040

Program Expenses $307,756

Other Expenses $88,332

TOTAL EXPENSES $403,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,815	$354,809	-0.3%
Expenses	$403,587	$345,043	+0.2%
Net Income	$-160,772	$9,766	-17.5%

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

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

$56,405

Total Directors

$56,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE PRADO	PRESIDENT	050.00	Officer Director	$50,250	$6,155	$56,405
HARRY BATT	TREASURER	002.00	Officer Director	$0	$0	$0
MARIA E HALL	SECRETARY	002.00	Officer Director	$0	$0	$0
STEPHEN M KRISTOVICH	BOARD MEMBER	002.00	Director	$0	$0	$0
JEFFREY A PAYNE	BOARD MEMBER	002.00	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	No data	No data	No data	No data
2023	$242,815	$403,587	$85,119	$-160,772
2022	$354,809	$345,043	$238,475	$9,766
2021	$299,587	$177,837	$225,170	$121,750

HOUSING EQUITY & ADVOCACY RESOURCE TEAM