Housing Opportunities Inc

Nonprofit profile at a glance

EIN: 351965214
IRS 990 coverage: 2009–2025
Forms available: Form 990 2025
Location: Crown Point, IN, USA
Phone: 2197941829
Rating: 86
Verdict: STRONG
Rating confidence: Standard
Sector: Developmentally Disabled Centers

Official website

Reported finances

Revenue: $4,098,308
Expenses: $3,374,906
Assets: $16,374,282
Liabilities: $1,392,444

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

JENNIFER TROWBRIDGE (PRESIDENT/CHIEF EXECUTIVE)

Highest reported compensation

JENNIFER TROWBRIDGE (PRESIDENT/CHIEF EXECUTIVE): $209,259 total reported compensation
JENNIFER MALONE (CHIEF SERVICES OFFICER): $189,209 total reported compensation
JONATHAN EDWARDS (CHIEF FINANCIAL OFFICER): $177,271 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Housing opportunities dba coaction works to resolve and prevent homelessness in our communities by providing permanent supportive housing, affordable rentals, rental assistance, housing counseling, street outreach services, and supportive case management.

What it reported doing in 2025

Homeless resources provides emergency housing, outreach, and wraparound support for individuals and families experiencing homelessness. In 2025, we served 102 households through street outreach and helped 48 households secure housing through rental assistance. We also supported 36 households through homeless prevention and 45 through diversion, with 20 successfully diverted from eviction. Additionally, 7 seniors received rent and utility assistance through the humana program to remain stably housed. With our street outreach program, we provide direct connection and resource support for persons experiencing homelessness. Services include access to our resource center, connection to community resources, and personal support. 36 clients were served during the six months 7/1/24 to 12/31/24.

Operating model

Revenue model: Grant-funded. 69% of the money available for current operations came from government grants.
Distribution model: Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

Financial Efficiency: 82
Transparency & Controls: 88
Accountability: 91
Sustainability: 70
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 77%; rating input score 77
Program expense ratio: 88.8%; rating input score 89
Fundraising efficiency: $131.72 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 17.7%; rating input score 69; 69th percentile among comparable filings
Total-asset coverage ratio: 4.85; rating input score 80; 80th percentile among comparable filings
Liabilities to assets ratio: 0.09; rating input score 51; 51st percentile among comparable filings
Officer compensation ratio: 3.3%; rating input score 68; 68th percentile among comparable filings

Growth

Program expense growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings
Revenue growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings
Asset growth: 9% per year; rating input score 100; 53rd percentile among comparable filings

Details

Where the money goes: 77% of revenue deployed · 88.8% of spending went to programs
Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
Programs: 4 filed program accomplishments · $3M in reported program spending
Leadership: top reported pay $209K · 11 people listed · 3 of 6 pay-setting controls reported
Consistency: 29 of 29 current checks pass
Schedules: 7 filed schedules · includes major donors, grants, and executive pay
Filing history: 16 filing years from 2009 to 2025
Contacts: How to reach this organization
Related organizations: 9 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: 2 of 9 not reported.
Review — Sustainability: Liabilities to assets ratio scored 51/100.