HOUSING OPPORTUNITY CORPORATION (EIN 953024203) - 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

1975

Legal Domicile

Principal Officer

Tina Smith Booth

Phone

2132525438

Tax Period

2023-01-01 to 2023-12-31

HOUSING OPPORTUNITY CORPORATION, founded in 1975, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.0M in total revenue in fiscal year 2023. Expenses of $10.9M left a modest 10% surplus.

Mission

Housing Opportunity Corporation is formed to provide assistance to the Housing Authority by owning and operating multifamily residential rental properties and related facilities, land and equipment for the use and benefit of the Authority.

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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 $0

Program Service Revenue $11,726,933

Investment Income $178,845

Other Revenue $119,715

TOTAL REVENUE $12,025,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,148,489

Other Expenses $10,881,034

TOTAL EXPENSES $10,881,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,025,493	$11,789,029	+0.0%
Expenses	$10,881,034	$10,972,044	0.0%
Net Income	$1,144,459	$816,985	+0.4%

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

N/A

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

$709,169

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tina Smith Booth	President	0.25	Officer	$0	$1,300	$261,412
Patricia Kataura	Treasurer	0.25	Officer	$0	$0	$249,477
Lisette Belon	Secretary	0.25	Officer	$0	$14,300	$198,280
Daniel Tenenbaum	Board Member	0.25	Director	$0	$0	$0
Cielo Castro	Board Member	0.25	Director	$0	$0	$0
Delfino de la Cruz	Board Member	0.25	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
2023	$12,025,493	$10,881,034	$68,698,315	$1,144,459
2022	$11,789,029	$10,972,044	$70,937,137	$816,985
2021	$11,288,569	$10,482,767	$72,632,549	$805,802
2020	$9,795,716	$9,074,844	$51,697,008	$720,872

HOUSING OPPORTUNITY CORPORATION