RED HOUSING FUND

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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

2021

Legal Domicile

Principal Officer

MICHELLE WHITMAN

Phone

7072322505

Tax Period

2025-01-01 to 2025-12-31

RED HOUSING FUND, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $3.4M in total revenue in fiscal year 2025. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 88% operating margin.

Mission

TO FACILITATE CREATION OF HOUSING THAT MEETS SHARED PUBLIC POLICY AND COMMUNITY WIDE GOALS INCLUDING INCREASED DENSITY, TRANSIT-ORIENTED DEVELOPMENT, AND AFFORDABILITY AND EQUITY IN HOUSING DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $328,123 Revenue: $1,495,250

FINANCIAL MANAGEMENT AND INTEREST EXPENSE ON FUNDS TO BE LOANED TO DEVELOPERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,526,677

Program Service Revenue $655,250

Investment Income $339,081

Other Revenue $840,000

TOTAL REVENUE $3,361,008

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $328,123

Other Expenses $389,316

TOTAL EXPENSES $391,816

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,361,008	$1,725,052	+0.9%
Expenses	$391,816	$609,600	-0.4%
Net Income	$2,969,192	$1,115,452	+1.7%

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

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

$27,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONICA FERGUSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
TODD SHEFFIELD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
AMANDA RUCH	TREASURER	3.00	Officer Director	$0	$0	$0
MARK KRUG	EXECUTIVE DIRECTOR	17.50	Officer	$27,500	$0	$27,500
MICHELLE WHITMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
DAVID GOUIN	DIRECTOR	1.00	Director	$0	$0	$0
JEN KLOSE	DIRECTOR	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
2025	$3,361,008	$391,816	$23,926,058	$2,969,192
2024	No data	No data	No data	No data
2023	$1,585,032	$1,209,118	$21,587,408	$375,914
2022	$1,101,567	$1,011,628	$21,355,900	$89,939
2021	$6,760,926	$209,454	$20,342,322	$6,551,472