Block Island Housing Initiative Inc (EIN 882003088) - 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

2022

Legal Domicile

Principal Officer

Robin Lewis Vila

Phone

4014657986

Tax Period

2025-01-01 to 2025-12-31

Block Island Housing Initiative Inc, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $236K in total revenue in fiscal year 2025. Expenses of $202K left a modest 15% surplus.

Mission

The purpose of the Block Island Housing Initiative is to provide attainable housing for year-round residents and seasonal employees who are essential to Block Island's quality of life. Our initial focus will be providing grants that help homeowners convert existing living space into 513: Residential Accessory Dwelling Units (ADUs). Our future goals may include the purchase and renovation of existing housing, construction of new housing, as well as any other methods that prove effective to accomplish our mission.

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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 $236,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,500

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,582

Other Expenses $198,627

TOTAL EXPENSES $201,627

Year-over-Year Comparison

	2025	2024	Change
Revenue	$236,500	N/A	N/A
Expenses	$201,627	N/A	N/A
Net Income	$34,873	$0	N/A

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
Robin Lewis Vila	President	24.00	Officer Director	$0	$0	$0
Susan Bush	Treasurer	24.00	Officer Director	$0	$0	$0
David Howe	Director	24.00	Director	$0	$0	$0
Wendy Crawford	Secretary	24.00	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	$236,500	$201,627	$82,659	$34,873

Block Island Housing Initiative Inc