FREEDOM WEST HOMES CORPORATION (EIN 942281900) - 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

1973

Legal Domicile

Principal Officer

MATTIE SCOTT

Phone

4159291011

Tax Period

2024-01-01 to 2024-12-31

FREEDOM WEST HOMES CORPORATION, founded in 1973, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

SUCCESSFUL OPERATION OF HOUSING COOPERATIVES.

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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 $786,842

Program Service Revenue $5,286,037

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,072,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,499

Fundraising Expenses $0

Program Expenses $4,864,879

Other Expenses $5,699,733

TOTAL EXPENSES $6,244,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,072,879	$5,427,145	+0.1%
Expenses	$6,244,232	$6,303,754	0.0%
Net Income	$-171,353	$-876,609	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTIE SCOTT	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD O'NEAL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM YI	TREASURER	4.00	Officer Director	$0	$0	$0
AIMEE MICHELE BROWN	SECRETARY	4.00	Officer Director	$0	$0	$0
EVA COVERSON	DIRECTOR	4.00	Director	$0	$0	$0
CYNTHIA LOYD	DIRECTOR	3.00	Director	$0	$0	$0
CHANCELLOR RYU	DIRECTOR	3.00	Director	$0	$0	$0
MOHAMMED SORIANO BILAL	DIRECTOR	3.00	Director	$0	$0	$0
ROBBIN BOYKIN	DIRECTOR	3.00	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
2024	$6,072,879	$6,244,232	$17,001,092	$-171,353
2023	$5,427,145	$6,303,754	$12,519,762	$-876,609
2022	$5,333,535	$5,854,945	$8,630,487	$-521,410
2021	$5,079,832	$6,007,919	$8,772,795	$-928,087
2020	$5,335,398	$5,223,598	$8,320,995	$111,800
2019	$4,377,321	$4,410,367	$3,911,000	$-33,046
2018	$3,754,327	$3,892,999	$2,726,220	$-138,672

FREEDOM WEST HOMES CORPORATION