INNOVATIVE HOUSING OPPORTUNITIES INC (EIN 953068902) - 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

1976

Legal Domicile

Principal Officer

ROCHELLE MILLS

Phone

9498639740

Tax Period

2023-01-01 to 2023-12-31

INNOVATIVE HOUSING OPPORTUNITIES INC, founded in 1976, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Net assets of $14.6M represent 58 months of operating reserves.

Mission

IHO IS AN AWARD-WINNING NONPROFIT DEVELOPER OF AFFORDABLE, PERMANENT RENTAL, MIXED-INCOME, AND MIXED-USE HOUSING COMMUNITIES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,317,097

Program Service Revenue $1,671,022

Investment Income $32,063

Other Revenue $0

TOTAL REVENUE $3,020,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,315,067

Fundraising Expenses $0

Program Expenses $2,802,208

Other Expenses $1,964,324

TOTAL EXPENSES $3,279,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,020,182	$6,714,303	-0.6%
Expenses	$3,279,391	$2,690,266	+0.2%
Net Income	$-259,209	$4,024,037	-1.1%

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

$394,328

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY DENSMORE	BOARD SECRETARY EC/FDMC/AC CHAIR	2.00	Officer Director	$0	$0	$0
BRANDON MCCALL	BOARD CHAIR EC CHAIR/FC/CHDO	2.00	Officer Director	$0	$0	$0
LASHANDA MAZE	BOARD DIRECTOR AC	2.00	Director	$0	$0	$0
CLEMENTE MOJICA	BOARD DIRECTOR FC	2.00	Director	$0	$0	$0
ROBERT ABBOTT	TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH TROMBLEY	BOARD DIRECTOR FDMC	2.00	Director	$0	$0	$0
FATHIA MACAULEY	BOARD DIRECTOR FC/CHDO	2.00	Director	$0	$0	$0
NANCY MORIKAWA	BOARD DIRECTOR PRC CHAIR	2.00	Director	$0	$0	$0
MARY WATSON-BRUCE	BOARD VICE CHAIR EC/FDMC	2.00	Officer Director	$0	$0	$0
DAVE KROOT	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MIGUEL GARCIA	BOARD DIRECTOR (UNTIL 05/2023)	2.00	Director	$0	$0	$0
CONNOR MEDINA	DIRECTOR	2.00	Director	$0	$0	$0
FLORITA AVILA	DIRECTOR AT LARGE (UNTIL 7/21/2023)	2.00	Director	$0	$0	$0
JANET BURT	DIRECTOR (UNTIL 7/7/2023)	2.00	Director	$0	$0	$0
ROCHELLE MILLS	PRESIDENT & CEO	40.00	Officer	$245,940	$0	$245,940
EZRA BOLDS	CFO	40.00	Officer	$148,388	$0	$148,388

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	$3,020,182	$3,279,391	$17,515,982	$-259,209
2022	$6,714,303	$2,690,266	$14,844,069	$4,024,037
2021	$1,758,490	$2,262,656	$13,971,769	$-504,166
2020	$2,826,378	$1,807,368	$14,747,187	$1,019,010
2019	$2,865,107	$1,786,529	$15,910,469	$1,078,578
2018	$1,895,155	$1,658,962	$16,210,366	$236,193

INNOVATIVE HOUSING OPPORTUNITIES INC