HOUSING HOPE PROPERTIES

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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

1992

Legal Domicile

Principal Officer

Patrick Tweedt

Phone

4253476556

Tax Period

2021-07-01 to 2022-06-30

HOUSING HOPE PROPERTIES, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2021. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 14% surplus.

Mission

TO DEVELOP SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND.

Program Service Accomplishments

Program 1

Expenses: $1,093,334 Revenue: $1,402,289

DEVELOP SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND. HOUSING HOPE PROPERTIES IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) THAT IS QUALIFIED BY BOTH SNOHOMISH COUNTY AND THE STATE OF WASHINGTON. IT HAS ASSISTED 311 LOW INCOME HOUSEHOLDS TO BECOME HOMEOWNERS THROUGH ITS TEAM HOMEBUILDING SWEAT EQUITY PROGRAM AND HAS ASSISTED IN THE CREATION OF MORE THAN 500 APARTMENTS AFFORDABLE TO VERY LOW AND EXTREMELY LOW INCOME HOUSEHOLDS

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,162,604

Program Service Revenue $239,685

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,402,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,093,334

Other Expenses $1,200,306

TOTAL EXPENSES $1,200,306

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,402,289	$1,055,286	+0.3%
Expenses	$1,200,306	$1,147,977	+0.0%
Net Income	$201,983	$-92,691	-3.2%

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

N/A

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
Paul Vexler	President	1	Officer Director	$0	$0	$0
Jeff Capeloto	Vice President	1	Officer Director	$0	$0	$0
Rich Menzel	Treasurer/Secretary	1	Officer Director	$0	$0	$0
Ron Anderson	Board Member	1	Director	$0	$0	$0
Maria Hicks	Board Member	1	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
2022	$1,402,289	$1,200,306	$4,742,083	$201,983
2021	$1,055,286	$1,147,977	$3,752,856	$-92,691