SOL HOUSING

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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

1993

Legal Domicile

Principal Officer

FELIPE RAEL

Phone

5052441614

Tax Period

2023-01-01 to 2023-12-31

SOL HOUSING, founded in 1993, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 49% operating margin.

Mission

TO CREATE EXCEPTIONAL HOUSING COMMUNITIES AND PROVIDE ENRICHMENT SERVICES TO SUPPORT HOUSEHOLD STABILITY, HEALTHY FAMILIES, AND SAFER NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $910,273

AFFORDABLE HOUSING DEVELOPMENT: SINCE 1996, SOL HOUSING HAS PARTNERED ON THE DEVELOPMENT OF 591 RENTAL UNITS AND DEVELOPED 121 HOME OWNERSHIP UNITS IN 15 DIFFERENT DEVELOPMENTS IN FIVE DIFFERENT...

AFFORDABLE HOUSING DEVELOPMENT: SINCE 1996, SOL HOUSING HAS PARTNERED ON THE DEVELOPMENT OF 591 RENTAL UNITS AND DEVELOPED 121 HOME OWNERSHIP UNITS IN 15 DIFFERENT DEVELOPMENTS IN FIVE DIFFERENT ALBUQUERQUE NEIGHBORHOODS.

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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 $522,160

Program Service Revenue $1,183,338

Investment Income $561,269

Other Revenue $0

TOTAL REVENUE $2,266,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $908,359

Fundraising Expenses $0

Program Expenses $910,273

Other Expenses $241,434

TOTAL EXPENSES $1,149,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,266,767	$3,020,427	-0.2%
Expenses	$1,149,793	$1,192,844	0.0%
Net Income	$1,116,974	$1,827,583	-0.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIPE RAEL	EXECUTIVE DI	50.00	Highest	$119,825	$43,715	$163,540
RUSSELL BRITO	BOARD MEMBER	1.00	Director	$0	$0	$0
DON DUDLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH HURTEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
TESSA LATSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ELVIRA LOPEZ	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN VINCIONI	BOARD MEMBER	1.00	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	$2,266,767	$1,149,793	$32,568,531	$1,116,974
2022	$3,020,427	$1,192,844	$30,979,656	$1,827,583
2021	$821,586	$862,074	$25,523,327	$-40,488
2020	$1,119,505	$840,197	$22,643,671	$279,308
2019	$577,149	$770,260	$22,869,126	$-193,111
2018	$1,847,343	$723,204	$22,428,808	$1,124,139