ECS HOUSING CORPORATION (EIN 832707481) - 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

MARY ELIZABETH STOKES

Phone

4154873300

Tax Period

2024-01-01 to 2024-12-31

ECS HOUSING CORPORATION, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $9.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

ECS HOUSING CORPORATION EXISTS TO DEVELOP, CONSTRUCT, OPERATE, MAINTAIN, IMPROVE, BUY, SELL, CONVEY, ASSIGN, MORTGAGE OR LEASE ANY REAL ESTATE AND PERSONAL PROPERTY NECESSARY AND INCIDENT TO THE PROVIDING OF HOUSING FOR LOW-INCOME PERSONS IN ACCORDANCE WITH THE CORPORATION'S CHARITABLE PURPOSE.

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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 $0

Program Service Revenue $6,882,183

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,882,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $702,675

Fundraising Expenses $0

Program Expenses $9,228,883

Other Expenses $8,526,208

TOTAL EXPENSES $9,228,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,882,183	$5,750,967	+0.2%
Expenses	$9,228,883	$7,106,607	+0.3%
Net Income	$-2,346,700	$-1,355,640	+0.7%

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

$661,795

Total Directors

$661,795

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ELIZABETH STOKES	PRESIDENT	1.00	Officer Director	$0	$43,325	$380,710
RICHARD SPRINGWATER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID COOKE	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
FREDERIC KNAPP	DIRECTOR	1.00	Director	$0	$0	$0
DARA SILVEIRA	DIRECTOR	1.00	Director	$0	$0	$0
JON RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
TODD CLAYTER	VICE PRESIDENT	1.00	Director	$0	$0	$0
ALEJANDRO MARTINEZ	CHAIRMAN	1.00	Director	$0	$0	$0
ERIC LARRA	TREASURER	1.00	Officer Director	$0	$29,153	$281,085
SHARON CHRISTEN	SECRETARY	1.00	Officer 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	$6,882,183	$9,228,883	$180,304,825	$-2,346,700
2023	$5,750,967	$7,106,607	$158,112,300	$-1,355,640
2022	$4,678,386	$7,544,841	$132,206,032	$-2,866,455
2021	$6,666,694	$7,223,647	$109,785,251	$-556,953
2020	$580,850	$331,532	$102,420,701	$249,318

ECS HOUSING CORPORATION