FAMILY HOUSING FOUNDATION

EIN: 851693403 501(c)(3) Housing & Shelter

LAS VEGAS, NV

Total Revenue
$185,382
Total Expenses
$18,748
Total Assets
$208,447
Net Assets
$208,447
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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
2020
Legal Domicile
NV
Principal Officer
PAUL T KORN
Phone
8583955420
Tax Period
2021-01-01 to 2021-12-31

FAMILY HOUSING FOUNDATION, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $185K in total revenue in fiscal year 2021. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 90% operating margin.

Mission

PROVIDE LOW COST, AFFORDABLE GROUP HOUSING FOR ELDERLY INDIVIDUALS AT THE LOWEST FEASIBLE COST TO IMPROVE THE QUALITY OF LIFE FOR SENIORS

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $185,382
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $185,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,748
TOTAL EXPENSES $18,748

Year-over-Year Comparison

2021 2020 Change
Revenue $185,382 $77,510 +1.4%
Expenses $18,748 $53,197 -0.6%
Net Income $166,634 $24,313 +5.9%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL T KORN PRESIDENT 3.00
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
2021 $185,382 $18,748 $208,447 $166,634
2020 $77,510 $53,197 $24,313 $24,313
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