INNOVATIVE HOUSING 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

1984

Legal Domicile

Principal Officer

SARAH STEVENSON

Phone

5032264368

Tax Period

2023-07-01 to 2024-06-30

INNOVATIVE HOUSING INC, founded in 1984, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $8.9M left a modest 14% surplus.

Mission

DEVELOP, PRESERVE AND OPERATE AFFORDABLE HOUSING FOR LOW AND MODERATE- INCOME HOUSEHOLDS AND PROVDE SERVICES TO RESIDENTS TO MAINTAIN HOUSING STABILITY, IMPROVE QUALITY OF LIFE AND BREAK THE CYCLE OF POVERTY.

Program Service Accomplishments

Program 1

Expenses: $6,469,045 Revenue: $5,609,404

PROPERTY OWNERSHIP - IN ADDITION TO MANAGING AFFORDABLE PROPERTIES OWNED BY UNAFFILIATED LP/LLCS, THE ORGANIZATION OWNS AFFORDABLE RENTAL UNITS AT MULTIPLE PORTLAND AREA PROPERTIES.

Program 2

Expenses: $1,193,481 Revenue: $260,868

RESIDENT SERVICES - THE ORGANIZATION COMPLEMENTS ITS HOUSING WITH RESIDENT SERVICES DESIGNED TO HELP RESIDENTS MAINTAIN THEIR HOUSING STABILITY, IMPROVE THEIR QUALITY OF LIFE, AND BREAK THE CYCLE OF POVERTY. RESIDENT SERVICE STAFF CONNECT RESIDENTS WITH EXISTING COMMUNITY RESOURCES AND SERVICE PROVIDERS, ADVOCATE FOR RESIDENTS, SPONSOR COMMUNITY BUILDING ACTIVITIES, COORDINATE ON-SITE CLASSES AND WORKSHOPS, AND OFFER SITE-BASED PROGRAMS INCLUDING AN EVICTION PREVENTION PROGRAM, FINANCIAL EDUCATION, AN EMERGENCY FUND, AND A COMPREHENSIVE YOUTH AND FAMILY PROGRAM.

Program 3

Expenses: $438,046 Revenue: $777,394

HOUSING DEVELOPMENT - THE ORGANIZATION CREATES AND PRESERVES AFFORDABLE HOUSING THROUGH NEW CONSTRUCTION AND THE ACQUISITION/REHABILITATION OF EXISTING MULTIFAMILY PROPERTIES AND HISTORIC BUILDINGS. THE ORGANIZATION'S RENTAL HOUSING SERVES LOW AND VERY LOW-INCOME FAMILIES AND INDIVIDUALS, SENIORS, PEOPLE WITH DISABILITIES, FORMERLY HOMELESS PEOPLE, VETERANS, AND HOUSEHOLDS ESCAPING DOMESTIC VIOLENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,371,543

Program Service Revenue $6,880,545

Investment Income $910,001

Other Revenue $206,666

TOTAL REVENUE $10,368,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,774,646

Fundraising Expenses $13,424

Program Expenses $8,375,225

Other Expenses $7,092,127

TOTAL EXPENSES $8,866,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,368,755	$14,383,837	-0.3%
Expenses	$8,866,773	$9,189,906	0.0%
Net Income	$1,501,982	$5,193,931	-0.7%

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

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

$177,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH STEVENSON	EXECUTIVE DI	40.00	Officer	$159,909	$17,938	$177,847
JULIE GARVER	SENIOR DEVEL	40.00	Highest	$138,222	$16,573	$154,795
LEAH COOPER	DIR. OF HOUS	40.00	Highest	$105,299	$14,400	$119,699
JOSEPH HUGHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
RIAD SAHLI	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
LARRY BYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HSU	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN MORGAN	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$10,368,755	$8,866,773	$83,639,675	$1,501,982
2023	$14,383,837	$9,189,906	$77,438,092	$5,193,931
2022	$7,538,206	$6,383,041	$64,094,123	$1,155,165
2021	$8,053,529	$6,374,477	$72,167,425	$1,679,052
2020	$11,182,272	$6,545,000	$72,662,469	$4,637,272