MONADNOCK AFFORDABLE HOUSING CORPORATION C/O KEENE HOUSING (EIN 020511413) - 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

1999

Legal Domicile

Principal Officer

JOSHUA MEEHAN

Phone

6033526161

Tax Period

2023-01-01 to 2023-12-31

MONADNOCK AFFORDABLE HOUSING CORPORATION C/O KEENE HOUSING, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 24% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW-INCOME PERSONS AND MANAGEMENT AND MAINTENANCE SERVICES FOR LOW-INCOME HOUSING PROJECTS.

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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 $4,876,115

Program Service Revenue $2,312,333

Investment Income $18,883

Other Revenue $264,021

TOTAL REVENUE $7,471,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $949,460

Fundraising Expenses $0

Program Expenses $4,996,527

Other Expenses $4,692,288

TOTAL EXPENSES $5,641,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,471,352	$5,603,339	+0.3%
Expenses	$5,641,748	$3,503,414	+0.6%
Net Income	$1,829,604	$2,099,925	-0.1%

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

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
JOSHUA MEEHAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS COATES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDA GRIFFIN	TREASURER	5.00	Officer Director	$0	$0	$0
AMY WRIGHT	SECRETARY	5.00	Officer Director	$0	$0	$0
LINDA MANGONES	DIRECTOR	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	No data	No data	No data	No data
2023	$7,471,352	$5,641,748	$34,817,736	$1,829,604
2022	$5,603,339	$3,503,414	$30,477,910	$2,099,925
2021	$6,742,174	$3,917,033	$28,241,880	$2,825,141
2020	$4,718,098	$3,683,648	$24,737,924	$1,034,450
2019	$4,107,057	$3,567,158	$23,131,549	$539,899
2018	$3,622,692	$3,557,029	$23,354,613	$65,663

MONADNOCK AFFORDABLE HOUSING CORPORATION C/O KEENE HOUSING