SUSTAINABLE HOME IMPROVEMENT LOANS OF ARIZONA

EIN: 932969335 501(c)(3)

PEORIA, AZ

Total Revenue
$503,938
Total Expenses
$92,087
Total Assets
$428,617
Net Assets
$411,951
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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
AZ
Principal Officer
TY LORTS
Phone
6027536705
Tax Period
2024-01-01 to 2024-12-31

SUSTAINABLE HOME IMPROVEMENT LOANS OF ARIZONA, founded in 2023, is a small nonprofit that reported $504K in total revenue in fiscal year 2024. The organization ran a surplus of $412K, a strong 82% operating margin.

Mission

SUSTAINABLE HOME IMPROVEMENT LOANS OF ARIZONA (SHILA) IS A NONPROFIT COMMUNITY LENDER THAT INCREASES ACCESS TO SAFE, AFFORDABLE HOME IMPROVEMENT FINANCING FOR LOW- AND MODERATE-INCOME HOMEOWNERS IN ARIZONA. OUR MISSION IS TO EMPOWER FAMILIES TO MAKE CRITICAL REPAIRS AND UPGRADES SUCH AS HVAC REPLACEMENTS, ENERGY EFFICIENCY IMPROVEMENTS, ROOF REPAIRS, AND ACCESSIBILITY MODIFICATIONS THROUGH SIMPLE, FIXED-RATE LOANS THAT PRIORITIZE HOMEOWNER STABILITY AND COMMUNITY REVITALIZATION.

Program Service Accomplishments

Program 1
Expenses: $79,791 Revenue: $0

SUSTAINABLE HOME IMPROVEMENT LOANS OF ARIZONA'S (SHILA'S) PRIMARY PROGRAM PROVIDES AFFORDABLE, UNSECURED HOME IMPROVEMENT LOANS TO INCOME-QUALIFIED HOMEOWNERS ACROSS ARIZONA, WITH A FOCUS ON AREAS...

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SUSTAINABLE HOME IMPROVEMENT LOANS OF ARIZONA'S (SHILA'S) PRIMARY PROGRAM PROVIDES AFFORDABLE, UNSECURED HOME IMPROVEMENT LOANS TO INCOME-QUALIFIED HOMEOWNERS ACROSS ARIZONA, WITH A FOCUS ON AREAS UNDERSERVED BY TRADITIONAL FINANCIAL INSTITUTIONS. SHILA'S OPERATIONS BEGAN IN EARNEST IN THE 4TH QUARTER OF 2024 AND HELPED 5 FAMILIES COMPLETE ESSENTIAL HOME IMPROVEMENTS BY PARTNERING WITH LICENSED CONTRACTORS. OUR LOANS FEATURE NO PREPAYMENT PENALTIES, REASONABLE INTEREST RATES, AND FLEXIBLE UNDERWRITING CRITERIA THAT HELP ENSURE ACCESS FOR BORROWERS WHO MAY BE EXCLUDED FROM CONVENTIONAL CREDIT OPTIONS.CONTINUED ON SCHEDULE OPROGRAM HIGHLIGHTS FOR THE YEAR INCLUDE:- DISBURSED OVER $80,000 IN LOANS TO LOW- AND MODERATE-INCOME HOMEOWNERS- PARTNERED WITH OVER 15 LICENSED CONTRACTORS STATEWIDE- HELPED HOMEOWNERS REDUCE ENERGY COSTS BY FINANCING HIGH-EFFICIENCY SOLAR INSTALLATIONS AND ROOF REPLACEMENTS- PROVIDED SPECIALIZED LOAN TERMS FOR SENIOR HOMEOWNERS (65+) TO SUPPORT AGING IN PLACESHILA'S WORK SUPPORTS NEIGHBORHOOD STABILITY, ENERGY EFFICIENCY, AND ECONOMIC INCLUSION WHILE REDUCING THE USE OF PREDATORY OR SUBPRIME FINANCING. WE ARE SUPPORTED BY PUBLIC-PRIVATE PARTNERSHIPS, INCLUDING LOCAL GOVERNMENT ENTITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $503,938
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $503,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,714
Fundraising Expenses $135
Program Expenses $79,791
Other Expenses $60,373
TOTAL EXPENSES $92,087

Year-over-Year Comparison

2024 2023 Change
Revenue $503,938 N/A N/A
Expenses $92,087 N/A N/A
Net Income $411,851 $0 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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
1
$29,580
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK LEVINUS DIRECTOR 1.00
Director
$0 $0 $0
VALERIE GONZALES DIRECTOR 1.00
Director
$0 $0 $0
JOHN ANGELO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS GONZALES DIRECTOR 1.00
Director
$0 $0 $0
TY LORTS EXECUTIVE DIRECTOR 40.00
Officer
$27,885 $1,695 $29,580
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 $503,938 $92,087 $428,617 $411,851
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