HIP Housing Development Corporation (EIN 943159161) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Kate Comfort Harr

Phone

6503486660

Tax Period

2024-07-01 to 2025-06-30

HIP Housing Development Corporation, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

To alleviate and improve the housing condition of the needy, physically or mentally handicapped, elderly persons and others whose housing needs are not being adequately met in San Mateo County, CA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $184,096

Program Service Revenue $3,132,852

Investment Income $1,809,092

Other Revenue $0

TOTAL REVENUE $5,126,040

Expense Breakdown

Grants Paid $1,580,816

Salaries & Benefits $589,915

Fundraising Expenses $0

Program Expenses $5,472,721

Other Expenses $3,512,165

TOTAL EXPENSES $5,682,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,126,040	$3,312,065	+0.5%
Expenses	$5,682,896	$18,012,891	-0.7%
Net Income	$-556,856	$-14,700,826	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$446,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Boro	President	0.50	Officer Director	$0	$0	$0
Nancy Bush	Treasurer	0.50	Officer Director	$0	$0	$0
Dianne Whitaker	Secretary	0.50	Officer Director	$0	$0	$0
Aaron Aknin	Director	0.50	Director	$0	$0	$0
Latisa Brooks	Director	0.50	Director	$0	$0	$0
Kate Comfort Harr	Executive Director	16.00	Officer	$79,599	$29,794	$244,588
Ghion Dessie	VP of Finance	16.00	Officer	$47,807	$17,080	$201,448

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	$5,126,040	$5,682,896	$14,545,108	$-556,856
2024	$3,312,065	$18,012,891	$15,054,424	$-14,700,826
2023	$3,309,128	$4,707,438	$29,594,301	$-1,398,310
2022	$17,027,307	$5,025,916	$30,487,933	$12,001,391
2021	$4,922,807	$3,718,635	$16,006,101	$1,204,172
2020	$5,204,488	$3,432,782	$7,280,078	$1,771,706
2019	$2,929,891	$3,319,581	$5,415,534	$-389,690
2018	$2,297,935	$3,097,522	$26,996,709	$-799,587

HIP Housing Development Corporation