HOUSING SOLUTIONS FOR THE SOUTHWEST

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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

1981

Legal Domicile

Principal Officer

ELIZABETH SALKIND

Phone

9702591086

Tax Period

2023-01-01 to 2023-12-31

HOUSING SOLUTIONS FOR THE SOUTHWEST, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Net assets of $8.8M represent 47 months of operating reserves.

Mission

THE MISSION OF HOUSING SOLUTIONS FOR THE SOUTHWEST IS TO LEAD THE WAY PROVIDING HELP, HOPE, AND A SEAMLESS SYSTEM OF AFFORDABLE HOUSING SERVICES TO OUR COMMUNITIES IN SOUTHWEST COLORADO.

Program Service Accomplishments

Program 1

Expenses: $495,993 Revenue: $58,983

HOUSING DEVELOPMENT: HOUSING SOLUTIONS FOR THE SOUTHWEST IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING THROUGH TAX CREDIT PROJECTS AND PARTNERSHIPS WITH FOUNDATIONS, LOCAL AND STATE GOVERNMENT AND...

HOUSING DEVELOPMENT: HOUSING SOLUTIONS FOR THE SOUTHWEST IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING THROUGH TAX CREDIT PROJECTS AND PARTNERSHIPS WITH FOUNDATIONS, LOCAL AND STATE GOVERNMENT AND OTHER PRIVATE AND PUBLIC ENTITIES. HSSW OWNS AND MANAGES AFFORDABLE HOUSING COMMUNITIES IN SOUTHWEST COLORADO, INCLUDING SOUTHWEST HORIZON RANCH (61 SINGLE FAMILY HOMES), SOCORRO SENIOR LIVING CENTER (19 APARTMENTS), HOMEWARD BOUND (5 APARTMENTS), AND ESPERO PERMANENT SUPPORTED HOUSING (40 APARTMENTS).

Program 2

Expenses: $359,359 Revenue: $78,179

2)HOME REHAB & REVOLVING LOAN FUND: THE HOMEOWNER REHABILITATION PROGRAM PROVIDES LOW TO NO-INTEREST LOANS TO LOW-INCOME HOMEOWNERS TO MAKE HEALTH AND SAFETY REPAIRS TO THEIR HOMES RESULTING IN...

2)HOME REHAB & REVOLVING LOAN FUND: THE HOMEOWNER REHABILITATION PROGRAM PROVIDES LOW TO NO-INTEREST LOANS TO LOW-INCOME HOMEOWNERS TO MAKE HEALTH AND SAFETY REPAIRS TO THEIR HOMES RESULTING IN PRESERVATION OF AFFORDABLE HOUSING, SUCH AS ROOF REPLACEMENT, WINDOW REPLACEMENT, FLOORING REPAIR/REPLACEMENT, BATHROOM REPAIR, SEPTIC REPLACEMENT, AND SEWER REPAIRS, E.G. THE PROGRAM SERVES HOMEOWNERS LOCATED IN ARCHULETA, DOLORES, LA PLATA, MONTEZUMA AND SAN JUAN COUNTIES IN THE SOUTHWEST REGION OF COLORADO.

Program 3

Expenses: $330,548

HOUSING COUNSELING: HOUSING SOLUTIONS FOR THE SOUTHWEST PROVIDES COMPREHENSIVE HOUSING COUNSELING, REVERSE MORTGAGE COUNSELING, EMERGENCY ASSISTANCE, HOUSING NAVIGATION, BUDGET AND FINANCIAL LITERACY AND EDUCATION AS PART OF ITS HOUSING COUNSELING PROGRAM. COUNSELING SERVICES HELP IDENTIFY ISSUES AND SOLUTIONS, AND EDUCATE INDIVIDUALS AND FAMILIES ABOUT AFFORDABLE HOUSING OPTIONS IN OUR COMMUNITIES.

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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 $1,478,224

Program Service Revenue $726,130

Investment Income $10,690

Other Revenue $15,061

TOTAL REVENUE $2,230,105

Expense Breakdown

Grants Paid $230,081

Salaries & Benefits $1,335,223

Fundraising Expenses $2,971

Program Expenses $2,022,584

Other Expenses $729,417

TOTAL EXPENSES $2,294,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,230,105	$2,111,698	+0.1%
Expenses	$2,294,721	$1,978,849	+0.2%
Net Income	$-64,616	$132,849	-1.5%

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

$233,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RJ RIEGER	CHAIR	1.00	Officer Director	$0	$0	$0
SHELLEY LOW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM BOLEN	PAST CHAIR/S	1.00	Officer Director	$0	$0	$0
SCOTT FETCHENHIER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GARCHAR	DIRECTOR	1.00	Director	$0	$0	$0
BETH KREMER	DIRECTOR	1.00	Director	$0	$0	$0
KENT LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
JADDIS MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE MATE	DIRECTOR	1.00	Director	$0	$0	$0
LUCY MULVIHILL	DIRECTOR	1.00	Director	$0	$0	$0
TODD PARISI	DIRECTOR	1.00	Director	$0	$0	$0
MATT SALKA	DIRECTOR	1.00	Director	$0	$0	$0
ALISA SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA THURMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SALKIND	EXECUTIVE DI	40.00	Officer	$134,173	$4,766	$138,939
SUSAN BANES	FINANCE DIRE	40.00	Officer	$82,267	$11,990	$94,257

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
2023	$2,230,105	$2,294,721	$9,560,404	$-64,616
2023	$2,732,646	$2,294,721	$9,692,404	$437,925
2022	$2,111,698	$1,978,849	$9,364,817	$132,849
2021	$3,579,408	$1,880,747	$9,256,182	$1,698,661
2020	$2,002,077	$1,964,167	$7,467,636	$37,910
2018	$1,089,871	$1,008,308	$6,812,738	$81,563