HOUSING SOLUTIONS FOUNDATION (EIN 932648263) - 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

2023

Legal Domicile

Principal Officer

ELI WILLIS

Phone

8012301776

Tax Period

2024-01-01 to 2024-12-31

HOUSING SOLUTIONS FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $439K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 240% operating deficit.

Mission

SEEKING CHARITABLE CONTRIBUTIONS IN ORDER TO MAKE, MANAGE AND MONITOR INVESTMENTS IN AFFORDABLE HOUSING PROJECTS AND PROGRAMS FOR THE PRIMARY PURPOSE OF MAKING SAFE, DECENT AND AFFORDABLE HOUSING AVAILABLE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. ENCOURAGING EDUCATION AND INSTRUCTION TO INDIVIDUALS, FAMILIES AND THE COMNMUNITY TO PROMOTE HOME OWNERSHIP AND INCREASE THE NUMBER OF LOW AND MODERATE INCOME PERSONS TAKING THE PATH TO HOME OWNERSHIP AND, PURSUEING SUCH OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES INCIDENTAL OR ANCILLARY TO THE FOREGOING AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS.

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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 $0

Investment Income $438,530

Other Revenue $0

TOTAL REVENUE $438,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,491,632

Other Expenses $1,491,632

TOTAL EXPENSES $1,491,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,530	$9,903,252	-1.0%
Expenses	$1,491,632	$120,980	+11.3%
Net Income	$-1,053,102	$9,782,272	-1.1%

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
BLAKE WAHLEN	BOARD CHAIRP	N/A	Director	$0	$0	$0
BRUCE JARDINE	BOARD MEMBER	N/A	Director	$0	$0	$0
HOWARD HEADLEE	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE OSTERMILLER	BOARD MEMBER	N/A	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	$438,530	$1,491,632	$8,872,243	$-1,053,102
2023	$9,903,252	$120,980	$9,782,272	$9,782,272

HOUSING SOLUTIONS FOUNDATION