Housing Resources Bainbridge

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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

1989

Legal Domicile

Principal Officer

Phedra Elliott

Phone

2068421909

Tax Period

2025-01-01 to 2025-12-31

Housing Resources Bainbridge, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $8.5M in total revenue in fiscal year 2025. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.5M, a strong 76% operating margin.

Mission

Housing Resources Bainbridge is a community land trust, conserving land for permanently affordable housing. By making it possible for people of diverse backgrounds and incomes to live on Bainbridge, we are building a more equitable, inclusive, and healthy community.

Program Service Accomplishments

Program 1

Expenses: $1,194,146 Revenue: $851,951

Rental Housing - HRB owns and manages 73 rental properties and is the managing member of Winslow Terrace LLC, which owns one residential property of 48 units, for a combined total of 121 rental units...

Program 2

Expenses: $302,719 Revenue: $97,482

Homeownership - Permanently affordable homeownership opportunities at HRB include 40 homes at Ferncliff Village, 2 units at Sparrows Condominiums, 2 units at Wallace Cottages, and 17 units at...

Homeownership - Permanently affordable homeownership opportunities at HRB include 40 homes at Ferncliff Village, 2 units at Sparrows Condominiums, 2 units at Wallace Cottages, and 17 units at Wintergreen Townhomes.

Program 3

Expenses: $89,646 Revenue: $45,391

Independent Living - HRB works with older adults, people with disabilities, and those coming home to rehab to maintain their independence. We assess the home environment and perform modifications and...

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,386,709

Program Service Revenue $994,824

Investment Income $100,702

Other Revenue $-9,538

TOTAL REVENUE $8,472,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $908,689

Fundraising Expenses $194,524

Program Expenses $1,646,271

Other Expenses $1,090,507

TOTAL EXPENSES $1,999,196

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,472,697	$5,972,158	+0.4%
Expenses	$1,999,196	$1,805,479	+0.1%
Net Income	$6,473,501	$4,166,679	+0.6%

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
Norm Landry	Past Chair	4.00	Director	$0	$0	$0
Asaph Glosser	Secretary	4.00	Officer Director	$0	$0	$0
Peter Stiepleman	Director	4.00	Director	$0	$0	$0
Laura Van Dyke	Vice Chair	2.00	Officer Director	$0	$0	$0
Kathy Kalstrup	Director	2.00	Director	$0	$0	$0
Siri Kushner	Chair	2.00	Officer Director	$0	$0	$0
Rachele Turnbull	Director	2.00	Director	$0	$0	$0
Brittany Wisner	Director	2.00	Director	$0	$0	$0
Jane Stone	Treasurer	2.00	Officer Director	$0	$0	$0
Linda Hinman	Director	2.00	Director	$0	$0	$0
Victor Volkov	Director	2.00	Director	$0	$0	$0
Jane Schupay	Director	2.00	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
2025	$8,472,697	$1,999,196	$22,035,169	$6,473,501
2024	No data	No data	No data	No data
2023	$1,876,091	$1,818,610	$9,332,842	$57,481
2022	$2,544,768	$1,588,659	$9,333,044	$956,109
2021	$1,791,113	$1,566,214	$8,136,820	$224,899
2020	$1,511,940	$1,182,180	$7,940,255	$329,760
2019	$1,377,006	$1,044,726	$7,596,410	$332,280
2018	$2,122,262	$1,011,642	$7,282,774	$1,110,620