LOW INCOME HOUSING INSTITUTE (EIN 943155150) - 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

1991

Legal Domicile

Principal Officer

SHARON H LEE

Phone

2064439935

Tax Period

2023-01-01 to 2023-12-31

LOW INCOME HOUSING INSTITUTE, founded in 1991, is a major nonprofit in the Unknown sector that reported $129.3M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52.6M, a strong 41% operating margin.

Mission

THE LOW INCOME HOUSING INSTITUTE DEVELOPS, OWNS AND OPERATES HOUSING FOR THE BENEFIT OF LOW-INCOME, HOMELESS AND FORMERLY HOMELESS PEOPLE; ADVOCATES FOR JUST HOUSING POLICIES AT THE LOCAL AND NATIONAL LEVELS; AND ADMINISTERS A RANGE OF SUPPORTIVE SERVICE PROGRAMS TO ASSIST THOSE WE SERVE IN MAINTAINING STABLE HOUSING AND INCREASING THEIR SELF-SUFFICIENCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $93,365,226

Program Service Revenue $26,165,533

Investment Income $706,750

Other Revenue $9,049,794

TOTAL REVENUE $129,287,303

Expense Breakdown

Grants Paid $26,288

Salaries & Benefits $20,719,328

Fundraising Expenses $577,340

Program Expenses $71,415,113

Other Expenses $55,899,328

TOTAL EXPENSES $76,644,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,287,303	$75,635,152	+0.7%
Expenses	$76,644,944	$52,079,267	+0.5%
Net Income	$52,642,359	$23,555,885	+1.2%

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

673

Volunteers

795

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

$669,526

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA NICHOLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CATHY DANIGELIS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRYAN M PARK	TREASURER	0.50	Officer Director	$0	$0	$0
NANCY BENNETT EVANS	SECRETARY	0.50	Officer Director	$0	$0	$0
PEARL LEUNG	FORMER DIRECTOR	0.50	Director	$0	$0	$0
LINDA BATTLES	DIRECTOR	0.50	Director	$0	$0	$0
DUNCAN HAAS	DIRECTOR	0.50	Director	$0	$0	$0
HENRY MCGEE	DIRECTOR	0.50	Director	$0	$0	$0
HERMAN KAHALOA	DIRECTOR	0.50	Director	$0	$0	$0
TOM MATHEWS	DIRECTOR	0.50	Director	$0	$0	$0
PETER GUZMAN	DIRECTOR	0.50	Director	$0	$0	$0
BRIONE SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
MARVIN DUMAS	DIRECTOR	0.50	Director	$0	$0	$0
SHARON LEE	EXECUTIVE DIRECTOR	40.00	Officer	$321,473	$11,071	$332,544
LYNNE BEHAR	CHIEF FINANCIAL OFFICER	40.00	Officer	$201,980	$11,071	$213,051
JON GRANT	CHIEF STRATEGY OFFICER	40.00	Officer	$112,860	$11,071	$123,931
JOHN TORRENCE	DIRECTOR OF HOUSING DEVELO	40.00	Highest	$152,470	$11,071	$163,541
RALPH NEIS	DIRECTOR OF SPECIAL PROJEC	40.00	Highest	$156,812	$11,071	$167,883
TONY WILLIAMS	DIRECTOR OF HOUSING MANAGEMENT	40.00	Highest	$132,670	$11,071	$143,741
JOHN SYVERSON	FACILITIES DIRECTOR	40.00	Highest	$149,727	$11,071	$160,798
CYNTHIA KENT	HUMAN RESOURCES DIRECTOR	40.00	Highest	$116,949	$11,071	$128,020

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	No data	No data	No data	No data
2023	$129,287,303	$76,644,944	$410,965,308	$52,642,359
2022	$75,635,152	$52,079,267	$349,441,592	$23,555,885
2021	$49,435,203	$36,002,022	$253,877,593	$13,433,181
2020	$31,844,353	$26,677,806	$161,107,039	$5,166,547
2019	$43,014,595	$22,042,639	$151,055,606	$20,971,956
2018	$26,248,138	$22,059,293	$128,610,469	$4,188,845

LOW INCOME HOUSING INSTITUTE