EMC AFFORDABLE HOUSING PRESERVATION CORP C/O EMERALD MANAGEMENT (EIN 010538683) - 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

2001

Legal Domicile

Principal Officer

KURT SHANGRAW

Phone

2078542606

Tax Period

2023-07-01 to 2024-06-30

EMC AFFORDABLE HOUSING PRESERVATION CORP C/O EMERALD MANAGEMENT, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $797K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $738K left a modest 7% surplus.

Mission

LOW INCOME HOUSING

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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 $53,058

Program Service Revenue $736,162

Investment Income $7,812

Other Revenue $0

TOTAL REVENUE $797,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $738,368

Other Expenses $736,868

TOTAL EXPENSES $738,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,032	$721,499	+0.1%
Expenses	$738,368	$591,195	+0.2%
Net Income	$58,664	$130,304	-0.5%

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

Total Directors

$60,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HARRISON	PRESIDENT	5.00	Director	$0	$0	$0
KURT SHANGRAW	TREASURER	5.00	Director	$0	$0	$60,365
COLEMAN WALSH	MEMBER	5.00	Director	$0	$0	$0
DAVE MACDONALD	SECRETARY	5.00	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	No data	No data	No data	No data
2024	$797,032	$738,368	$3,516,916	$58,664
2023	$721,499	$591,195	$1,842,662	$130,304
2022	$692,643	$643,373	$1,783,460	$49,270
2021	$648,606	$668,694	$1,806,027	$-20,088
2020	$594,262	$585,014	$1,872,392	$9,248
2019	$562,236	$576,993	$1,844,004	$-14,757

EMC AFFORDABLE HOUSING PRESERVATION CORP C/O EMERALD MANAGEMENT