HOUSING AMERICA CORPORATION

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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

1976

Legal Domicile

Principal Officer

YOLANDA GALINDO

Phone

9286274221

Tax Period

2023-04-01 to 2024-03-31

HOUSING AMERICA CORPORATION, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2023. The organization ran a surplus of $789K, a strong 23% operating margin.

Mission

TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY, INCLUDING THE DEVELOPMENT, RENOVATION AND/OR PROVISION OF HOUSING FOR LOW, VERY LOW AND MODERATE INCOME FAMILIES PURSUANT TO THE REGULATIONS OF FHA AND HUD.

Program Service Accomplishments

Program 1

Expenses: $992,212 Revenue: $919,960

PROVIDE 88 APARTMENT UNITS FOR LOW-INCOME FAMILIES AND MIGRANT FARM WORKERS.

Program 2

Expenses: $897,295 Revenue: $1,007,234

SUPERVISED CONSTRUCTION OF HOMES AND ADMINISTERED GRANTS FOR RECIPIENTS OF USDA SECTION 502 LOANS. PROVIDE TECHNICAL ASSISTANCE AND SUPERVISION FOR THE CONSTRUCTION OF THE MUTUAL SELF-HELP HOMES.

Program 3

Expenses: $450,920 Revenue: $1,208,638

PROPERTY DEVELOPMENT PROGRAM ALLOWS THE ORGANIZATION TO PURCHASE LAND AND PREPARE IT FOR DEVELOPMENT WHICH WILL BE USED BY THE SELF-HELP PROGRAM.

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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 $1,568,233

Program Service Revenue $1,895,365

Investment Income $-53

Other Revenue $9,566

TOTAL REVENUE $3,473,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,257,011

Fundraising Expenses $0

Program Expenses $2,340,427

Other Expenses $1,427,478

TOTAL EXPENSES $2,684,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,473,111	$3,554,213	0.0%
Expenses	$2,684,489	$2,518,349	+0.1%
Net Income	$788,622	$1,035,864	-0.2%

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
ANA ROBLES	SECRETARY	2.00	Director	$0	$0	$0
MANUEL FIGUEROA	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSA ISELA VARELA	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL CASTRO	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA JONES	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$3,473,111	$2,684,489	$9,482,024	$788,622
2023	$3,554,213	$2,518,349	$10,074,261	$1,035,864
2022	$3,109,800	$2,185,421	$7,644,453	$924,379
2021	$3,089,823	$2,232,880	$7,752,782	$856,943
2020	$2,612,197	$2,300,179	$5,546,852	$312,018
2019	$2,501,484	$1,968,586	$5,217,438	$532,898