INDEPENDENCE SQUARE HOUSING CORPORATION INC (EIN 942465776) - 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

1977

Legal Domicile

Principal Officer

MARSHA MARANI

Phone

8317246396

Tax Period

2024-04-01 to 2025-03-31

INDEPENDENCE SQUARE HOUSING CORPORATION INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

OPERATE APARTMENT COMPLEX AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS.

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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 $1,662,534

Program Service Revenue $534,419

Investment Income $98,490

Other Revenue $2,335

TOTAL REVENUE $2,297,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,068,359

Fundraising Expenses $0

Program Expenses $1,572,883

Other Expenses $1,375,126

TOTAL EXPENSES $2,443,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,297,778	$2,167,761	+0.1%
Expenses	$2,443,485	$1,716,517	+0.4%
Net Income	$-145,707	$451,244	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARI PARKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAMON GOMEZ	FORMER PRESIDENT 09/24	2.00	Director	$0	$0	$0
EDWARD ACOSTA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE HENDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
PHILIP STEPHENS	FORMER TREASURER 10/24	2.00	Director	$0	$0	$0
CASEY CLARK	CO-TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA VICTORIA VEGA	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNIS CHAMBERLAIN	TRUSTEE	2.00	Director	$0	$0	$0
SHANE MCKEITHEN	TRUSTEE	2.00	Director	$0	$0	$0
GRACE GOMEZ	FORMER TRUSTEE	2.00	Director	$0	$0	$0
MARSHA LARKIN MARANI	MGMT AGENT	40.00	Officer	$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	$2,297,778	$2,443,485	$3,441,775	$-145,707
2024	$2,167,761	$1,716,517	$3,486,946	$451,244
2023	$1,998,333	$1,683,476	$3,023,001	$314,857
2022	$1,861,949	$1,664,487	$2,703,836	$197,462
2021	$1,875,250	$1,439,053	$2,502,900	$436,197
2020	$1,796,474	$1,363,220	$2,136,959	$433,254
2019	$1,806,564	$1,409,279	$1,862,542	$397,285

INDEPENDENCE SQUARE HOUSING CORPORATION INC