INDEPENDENT HOUSING SOLUTIONS INC (EIN 872574043) - Form 990 Financial Analysis & Trantor Score

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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

JESSICA BOSSIE

Phone

4137278067

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT HOUSING SOLUTIONS INC, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $285K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 55 months of operating reserves.

Mission

OUR CORE PURPOSE IS TO PROVIDE LIFE-STABILIZING, AFFORDABLE, PERMANENT HOUSING WITH SUPPORT SERVICES FOR PEOPLE WHO LIVE ON LIMITED INCOMES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $242,614

Program Service Revenue $0

Investment Income $0

Other Revenue $42,703

TOTAL REVENUE $285,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,520

Fundraising Expenses $0

Program Expenses $292,631

Other Expenses $192,818

TOTAL EXPENSES $310,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,317	$1,276,856	-0.8%
Expenses	$310,338	$452,484	-0.3%
Net Income	$-25,021	$824,372	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA BOSSIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DURAI RAJASEAKER	TREASURER "PAST"	2.00	Officer Director	$0	$0	$0
SAMI SILVERTHORNE	SECRETARY	2.00	Officer Director	$0	$0	$0
AMY AYERS	DIRECTOR	1.00	Director	$0	$0	$0
PAT BYRNES	DIRECTOR	1.00	Director	$0	$0	$0
KATE CARDOSO	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
2024	$285,317	$310,338	$1,582,793	$-25,021

INDEPENDENT HOUSING SOLUTIONS INC