Housing Corporation of Ohio Lambda

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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

1991

Legal Domicile

Principal Officer

Juan Faria

Phone

2243070659

Tax Period

2023-07-01 to 2024-06-30

Housing Corporation of Ohio Lambda, founded in 1991, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $308K represent 198 months of operating reserves.

Mission

To provide housing and maintain the fraternity house property for the Ohio Lambda Chapter of Sigma Alpha Epsilon

Program Service Accomplishments

Program 1

Expenses: $18,979 Revenue: $18,674

Operations of the Chapter House in support of the SAE Chapter

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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 $0

Program Service Revenue $18,674

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,979

Other Expenses $18,979

TOTAL EXPENSES $18,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,674	$27,273	-0.3%
Expenses	$18,979	$27,094	-0.3%
Net Income	$-305	$179	-2.7%

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

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
Gregory Somers	CEO	2.00	Director	$0	$0	$0
Juan Faria	Controller	2.00	Director	$0	$0	$0
George Burke	President	10.00	Officer	$0	$0	$0
Christian Tracey	Treasurer	10.00	Officer	$0	$0	$0
Tony Chapman	Secretary	10.00	Officer	$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	$18,674	$18,979	$308,210	$-305