Houston Local Information Initiative Inc

EIN: 874133043 501(c)(3) Arts, Culture & Humanities

Houston, TX

Total Revenue
$6,413,069
Total Expenses
$7,961,350
Total Assets
$13,153,849
Net Assets
$12,088,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
Peter Bhatia
Phone
9176607395
Tax Period
2024-01-01 to 2024-12-31

Houston Local Information Initiative Inc, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $8.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

The Houston Local Information Initiative, Inc. provides public service journalism that reflects the civic needs of the diverse communities comprising Greater Houston.

Program Service Accomplishments

Program 1
Expenses: $5,356,827

The Houston Local Information Initiative, Inc. (DBA Houston Landing) operates a digital platform providing nonpartisan news and information to the Greater Houston area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,101,117
Program Service Revenue $0
Investment Income $311,952
Other Revenue $0
TOTAL REVENUE $6,413,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,597,464
Fundraising Expenses $1,139,724
Program Expenses $5,356,827
Other Expenses $1,363,886
TOTAL EXPENSES $7,961,350

Year-over-Year Comparison

2024 2023 Change
Revenue $6,413,069 $3,265,721 +1.0%
Expenses $7,961,350 $5,803,703 +0.4%
Net Income $-1,548,281 $-2,537,982 -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

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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
6
Independent Members
6
Employees
61
Volunteers
6

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
3
$575,229
Total Directors
6
$0
Key Employees
2
$368,922
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Stern Chair 2.00
Officer Director
$0 $0 $0
Anne Chao Director 1.00
Director
$0 $0 $0
Jeff Cohen Director 2.00
Director
$0 $0 $0
Algenita Davis Director 1.00
Director
$0 $0 $0
Rich Kinder Director 1.00
Director
$0 $0 $0
Alex L Negrete Director 1.00
Director
$0 $0 $0
Peter Bhatia CEO 40.00
Officer
$401,236 $17,132 $418,368
Konner Mackey CFO 40.00
Officer
$145,828 $11,033 $156,861
Kaneisha Lloyd Chief Development Officer 40.00
Key Emp
$153,859 $8,339 $162,198
Heather Houston Director of Corporate Sponsorship 40.00
Key Emp
$185,971 $20,753 $206,724
Kelly Avant Product Manager 40.00
Highest
$155,910 $11,129 $167,039
Angel Rodriguez Managing Editor 40.00
Highest
$170,937 $9,252 $180,189
Susie Hermsen Director of People 40.00
Highest
$146,385 $4,323 $150,708
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 $6,413,069 $7,961,350 $13,153,849 $-1,548,281
2023 $3,265,721 $5,803,703 $14,762,119 $-2,537,982
2022 $16,612,200 $437,465 $16,226,321 $16,174,735
2022 $6,787,200 $437,465 $6,401,321 $6,349,735
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