HOUSING FOR COMMUNITIES INC

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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

ANDREA N FRYMIRE

Phone

4054171183

Tax Period

2024-01-01 to 2024-12-31

HOUSING FOR COMMUNITIES INC, founded in 2023, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. The organization ran a surplus of $2.8M, a strong 73% operating margin.

Mission

THE ORGANIZATIONS MISSION IS TO SUPPORT THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING- HOMEOWNERSHIP AND RENTAL - THROUGH CONSULTING, DEVELOPMENT, MENTORSHIP AND TRAINING

Program Service Accomplishments

Program 1

Expenses: $1,049,382

THE ORGANIZATION OFFERS A COMPREHENSIVE ARRAY OF SERVICES AIMED AT BOLSTERING COMMUNITY DEVELOPMENT AND IMPROVING HOUSING CONDITIONS. HOUSING FOR COMMUNITIES OFFERS TECHNICAL SUPPORT, ENABLING...

THE ORGANIZATION OFFERS A COMPREHENSIVE ARRAY OF SERVICES AIMED AT BOLSTERING COMMUNITY DEVELOPMENT AND IMPROVING HOUSING CONDITIONS. HOUSING FOR COMMUNITIES OFFERS TECHNICAL SUPPORT, ENABLING COMMUNITIES TO NAVIGATE COMPLEX HOUSING CHALLENGES. WE FACILITATE TRAINING PROGRAMS SO INDIVIDUALS AND ORGANIZATIONS CAN ACQUIRE A DEEPER UNDERSTANDING OF FUNDING OPPORTUNITIES AND STRATEGIES. WE ACCESS STATE AND FEDERAL FUNDING SOURCES TO PRODUCE OR PRESERVE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS.

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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 $3,718,975

Program Service Revenue $144,967

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,863,942

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,049,382

Other Expenses $56,821

TOTAL EXPENSES $1,056,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,863,942	N/A	N/A
Expenses	$1,056,821	N/A	N/A
Net Income	$2,807,121	N/A	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
ANDREA N FRYMIRE	BOARD CHAIRM	25.00	Officer	$0	$0	$0
WANDA DEBRULER	BOARD MEMBER	15.00	Officer	$0	$0	$0
JEAN COOPER	BOARD MEMBER	N/A	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	$3,863,942	$1,056,821	$2,818,187	$2,807,121