SPECIALIZED HOUSING INC (EIN 930790440) - 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

1981

Legal Domicile

Principal Officer

GEORGE WELSH

Phone

5034699248

Tax Period

2022-07-01 to 2023-06-30

SPECIALIZED HOUSING INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $7.7M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 82% operating margin.

Mission

PROVIDE HOUSING TO LOW INCOME INDIVIDUALS WITH DISABILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $48,176

Program Service Revenue $1,116,442

Investment Income $6,576,130

Other Revenue $0

TOTAL REVENUE $7,740,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,755

Fundraising Expenses $0

Program Expenses $1,058,360

Other Expenses $853,152

TOTAL EXPENSES $1,412,907

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,740,748	$4,816,452	+0.6%
Expenses	$1,412,907	$1,379,469	+0.0%
Net Income	$6,327,841	$3,436,983	+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

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

$233,323

Total Directors

$233,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WELSH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL ROGERS	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN MCCARL	EXEC DIR/SEC	40.00	Officer Director	$222,212	$11,111	$233,323

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	No data	No data	No data	No data
2023	$7,740,748	$1,412,907	$21,887,773	$6,327,841
2022	$4,816,452	$1,379,469	$15,613,279	$3,436,983
2021	$1,246,198	$1,263,506	$12,491,438	$-17,308
2020	$1,954,132	$1,262,160	$12,407,599	$691,972
2019	$1,532,416	$1,199,434	$12,093,773	$332,982
2018	$2,872,373	$1,144,222	$11,520,983	$1,728,151

SPECIALIZED HOUSING INC