HOUSING PLUS INC (EIN 831195687) - 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

Corby Hannah

Phone

4043334636

Tax Period

2024-07-01 to 2025-06-30

HOUSING PLUS INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum.

Mission

Housing Plus Inc's mission is to deliver equitable housing solutions, economic wellness programs, and financial assistance for low to moderate income households in the Atlanta metro area.

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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 $1,208,757

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,208,757

Expense Breakdown

Grants Paid $834,656

Salaries & Benefits $283,856

Fundraising Expenses $0

Program Expenses $1,167,103

Other Expenses $68,001

TOTAL EXPENSES $1,186,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,208,757	$584,913	+1.1%
Expenses	$1,186,513	$669,386	+0.8%
Net Income	$22,244	$-84,473	-1.3%

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

Total Directors

Key Employees

$110,240

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Corby Hannah	Executive Director	40	Key Emp Highest	$58,240	$0	$58,240
Charlene Edwards	Director	40	Key Emp	$52,000	$0	$52,000
Ken Robinson	Board Member	1	Director	$0	$0	$0
Dana Thornton	Treasurer	1	Director	$0	$0	$0
Jestein Futrell	Board Member	1	Director	$0	$0	$0
Charlene Edwards	Secretary - Non Voting	1	Director	$0	$0	$0
Ed Richardson	Board Chairman	1	Officer	$0	$0	$0
Corby Hannah	Board Member - Non voting	2	Key Emp Highest	$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
2025	No data	No data	No data	No data
2025	$1,208,757	$1,186,513	$206,629	$22,244
2024	$584,913	$669,386	$184,385	$-84,473
2023	$645,425	$507,290	$268,858	$138,135
2022	$586,595	$792,393	$148,930	$-205,798
2021	$3,083,208	$3,331,856	$294,903	$-248,648
2020	$1,616,238	$1,260,043	$543,551	$356,195
2019	$809,090	$621,734	$187,356	$187,356

HOUSING PLUS INC