Lopez Island, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Housing Lopez, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 421% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 45% operating margin.
Housing Lopez is a non-profit organization dedicated to solving the rental housing crisis on Lopez Island by developing dedicated, affordable, sustainable rental housing communities.(See Schedule O for the full mission statement.
Village North Project: In July of 2022 Housing Lopez purchased three parcels in Lopez Village for our second affordable rental housing project, a three-phase development project which will eventually...
Village North Project: In July of 2022 Housing Lopez purchased three parcels in Lopez Village for our second affordable rental housing project, a three-phase development project which will eventually provide up to 45 affordable rental housing units. In 2023 we proceeded with project design, the land use approval application, the permit process with San Juan County and fundraising. In 2024 we began site development and groundwork and continued our fundraising efforts. Factory-made modular units were designed and constructed. Utilities and foundations were in place by the end of 2024 for Phase I, which will soon provide 15 housing units in four structures (12 one-bedroom units and 3 two-bedroom units). These units will provide housing for low income working people, seniors, disabled individuals, or those transitioning out of homelessness. All units will be affordable to people earning up to 50% of Area Median Income. Two of the units will be fully ADA-complian
FishBay Project: FishBay Cottages is comprised of six modular rental units (constructed in 2021) and intended for workforce housing. Each cottage (unit) is 843 square feet, with 2 bedrooms and 1...
FishBay Project: FishBay Cottages is comprised of six modular rental units (constructed in 2021) and intended for workforce housing. Each cottage (unit) is 843 square feet, with 2 bedrooms and 1 bathroom. All six of the units were occupied at the end of the year. At the end of 2024, four of the units qualified as low-income housing and two of the units were moderate income housing, as required and defined by San Juan County. The project is intended to be self-sustaining and permanently dedicated to affordable rental housing.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,055,781 | $1,737,278 | +4.2% |
| Expenses | $4,972,340 | $459,398 | +9.8% |
| Net Income | $4,083,441 | $1,277,880 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Richard Manderbach | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Bill Johnson | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Doug Stevenson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Pixie Eslinger | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Linda Floodeen | Assistant Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| John Taylor | Co Chair | 5.00 |
Officer
Director
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$0 | $0 | $0 |
| Melora Hiller | Co Chair | 5.00 |
Officer
Director
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$0 | $0 | $0 |
| Doug Bowen | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $9,055,781 | $4,972,340 | $8,955,728 | $4,083,441 |
| 2023 | $1,737,278 | $459,398 | $4,884,900 | $1,277,880 |
| 2022 | $1,541,677 | $201,580 | $3,618,127 | $1,340,097 |
| 2021 | $1,205,303 | $29,044 | $2,287,302 | $1,176,259 |
| 2020 | $367,553 | $147,286 | $507,345 | $220,267 |
| 2019 | $315,770 | $39,246 | $287,077 | $276,524 |
| 2019 | $315,770 | $39,246 | $287,077 | $276,524 |
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