COVERED BRIDGE AFFORDABLE HOUSING CORP C/O ALLIANCE ASSET MANAGEMENT (EIN 010563728) - 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

2004

Legal Domicile

Principal Officer

BETSEY ANDREWS-PARKER

Phone

6032258835

Tax Period

2024-01-01 to 2024-12-31

COVERED BRIDGE AFFORDABLE HOUSING CORP C/O ALLIANCE ASSET MANAGEMENT, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $263K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $295K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $102,244

Program Service Revenue $159,794

Investment Income $775

Other Revenue $0

TOTAL REVENUE $262,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,212

Other Expenses $295,212

TOTAL EXPENSES $295,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,813	$222,681	+0.2%
Expenses	$295,212	$269,417	+0.1%
Net Income	$-32,399	$-46,736	-0.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSEY ANDREWS PARKER	CHAIRWOMAN	5.00	Officer Director	$0	$0	$0
LESLIE CRAIGEN	TREASURER	5.00	Director	$0	$0	$0
CARRIE DIGEORGE	MEMBER	5.00	Officer Director	$0	$0	$0
JAMIE SWAN	MEMBER	5.00	Director	$0	$0	$0
MARIA AYER	MEMBER	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
2024	$262,813	$295,212	$1,163,147	$-32,399
2023	$222,681	$269,417	$1,110,064	$-46,736
2022	$205,318	$247,445	$1,155,933	$-42,127
2021	$201,180	$244,238	$1,194,370	$-43,058
2020	$202,054	$241,317	$1,246,643	$-39,263
2019	$205,792	$240,951	$1,274,597	$-35,159
2018	$318,019	$265,616	$1,311,750	$52,403

COVERED BRIDGE AFFORDABLE HOUSING CORP C/O ALLIANCE ASSET MANAGEMENT