KENAI PENINSULA HOUSING INITIATIVE… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

BRANDY MCGEE

Phone

9072354357

Tax Period

2024-01-01 to 2024-12-31

KENAI PENINSULA HOUSING INITIATIVES INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Net assets of $14.7M represent 70 months of operating reserves.

Mission

TO PROVIDE SAFE AFFORDABLE HOUSING OPTIONS TO THE LOW INCOME AND SPECIAL NEEDS RESIDENTS OF THE KENAI PENINSULA.

Program Service Accomplishments

Program 1

Expenses: $2,248,619 Revenue: $1,785,367

SERVED THE NEEDS OF THE LOW INCOME, SENIOR CITIZENS, DISABLED AND SPECIAL NEEDS RESIDENTS THROUGH MARKET SURVEY, SITE WORK, DESIGNING, TRAINING, REFURBISHING DISTRESSED HOUSING, AND CONSTRUCTING...

SERVED THE NEEDS OF THE LOW INCOME, SENIOR CITIZENS, DISABLED AND SPECIAL NEEDS RESIDENTS THROUGH MARKET SURVEY, SITE WORK, DESIGNING, TRAINING, REFURBISHING DISTRESSED HOUSING, AND CONSTRUCTING SUITABLE AND AFFORDABLE HOUSING AS PART OF AN ON-GOING PROGRAM.

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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 $753,809

Program Service Revenue $1,785,367

Investment Income $181

Other Revenue $1,020

TOTAL REVENUE $2,540,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,268

Fundraising Expenses $0

Program Expenses $2,248,619

Other Expenses $2,172,927

TOTAL EXPENSES $2,732,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,540,377	$1,754,413	+0.4%
Expenses	$2,732,195	$2,663,997	+0.0%
Net Income	$-191,818	$-909,584	-0.8%

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

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

$149,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDY MCGEE	EXECUTIVE DI	20.00	Officer	$149,109	$0	$149,109
COLLEEN KELLY BEHEN	CHAIR	1.00	Officer Director	$0	$0	$0
WAYNE MUNDY	VICE CHAIR/T	1.00	Officer Director	$0	$0	$0
BOB CROSBY	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIE MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
SHARI DAUGHERTY	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	$2,540,377	$2,732,195	$21,302,317	$-191,818
2023	$1,754,413	$2,663,997	$21,647,283	$-909,584
2022	$1,939,137	$2,583,092	$23,367,315	$-643,955
2021	$3,668,693	$2,638,069	$24,218,836	$1,030,624
2020	$2,553,338	$2,302,546	$22,389,500	$250,792
2019	$3,246,918	$2,164,699	$22,130,191	$1,082,219
2018	$3,448,052	$2,185,879	$20,111,984	$1,262,173

KENAI PENINSULA HOUSING INITIATIVES INC