HOUSING HOPE (EIN 943060709) - 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

1987

Legal Domicile

Principal Officer

KATHRYN OPINA

Phone

4253476556

Tax Period

2022-07-01 to 2023-06-30

HOUSING HOPE, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $14.7M exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROMOTE AND PROVIDE A CONTINUUM OF SAFE, DECENT, AFFORDABLE HOUSING AND NECESSARY RELATED SERVICES FOR VERY LOW INCOME AND LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,077,823

Program Service Revenue $4,913,537

Investment Income $449,868

Other Revenue $169,352

TOTAL REVENUE $9,610,580

Expense Breakdown

Grants Paid $1,297,863

Salaries & Benefits $6,899,909

Fundraising Expenses $735,776

Program Expenses $10,707,337

Other Expenses $6,488,541

TOTAL EXPENSES $14,686,313

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,610,580	$11,092,124	-0.1%
Expenses	$14,686,313	$12,113,531	+0.2%
Net Income	$-5,075,733	$-1,021,407	+4.0%

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

265

Volunteers

182

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

$493,784

Total Directors

$198,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES FREDRICK SAFSTROM	CEO	40.00	Officer Director	$144,167	$54,635	$198,802
TOM BERQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MARVIN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
KIRBY DUNCAN	TREASURER	1.00	Officer Director	$0	$0	$0
ALKA ATAL-BARRIO	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON ADELSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY BALK	BOARD MEMBER	1.00	Director	$0	$0	$0
COLM BOER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CAPELOTO	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD DASH	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY FREDERICKSON-KOLB	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
NIK HALLADAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINA JORGENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
J SKELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB YATES	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUISE STANTON-MASTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL PITRE	BOARD MEMBER	1.00	Director	$0	$0	$0
MINDY WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK HOUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE NISHIKAWA	CFO	40.00	Officer	$139,101	$11,306	$150,407
RENATA HOYLE MAYBRUCK	COO	40.00	Officer	$129,851	$14,724	$144,575
CANDACE CHAMLEE	HR & ADMIN DIRECTOR	40.00	Highest	$116,037	$0	$116,037
CRYSTAL SIMPSON	PROPERTY MANAGER	40.00	Highest	$103,235	$13,857	$117,092

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
2023	$9,610,580	$14,686,313	$48,266,883	$-5,075,733
2022	$11,092,124	$12,113,531	$46,832,610	$-1,021,407
2021	$12,994,900	$10,947,906	$50,244,417	$2,046,994

HOUSING HOPE