House Facility Holdings

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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

2023

Legal Domicile

Principal Officer

Joe Harris

Phone

5015895670

Tax Period

2024-07-01 to 2025-06-30

House Facility Holdings, founded in 2023, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

House Facility Holdings Inc HFH has been established to support the educational mission of the Friendship Aspire Academy Public Charter Schools. The company will work to ensure that access to suitable school facilities is available affordable and serves the mission of the schools. HFH has a clear educational purpose. HFH intends to serve as the vehicle by which Friendship schools can own and lease its school buildings and property.

Program Service Accomplishments

Program 1

Expenses: $1,323,556 Revenue: $1,080,481

House Facility Holdings Inc HFH has been established to support the educational mission of the Friendship Aspire Academy Public Charter Schools. The company will work to ensure that access to...

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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 $0

Program Service Revenue $1,080,481

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,080,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,323,556

Other Expenses $1,323,556

TOTAL EXPENSES $1,323,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,481	$1,176,443	-0.1%
Expenses	$1,323,556	$814,507	+0.6%
Net Income	$-243,075	$361,936	-1.7%

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
Joe Harris III	Director	10.00	Director	$0	$0	$0
Scott McRae	Trustee	10.00	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	$1,080,481	$1,323,556	$118,861	$-243,075
2024	No data	No data	No data	No data