AFFORDABLE HOUSING ASSOCIATES OF L… - Form 990 Financial Data

🔒

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

Principal Officer

ROBERT FERRARI

Phone

7815818603

Tax Period

2024-07-01 to 2025-06-30

AFFORDABLE HOUSING ASSOCIATES OF LYNN INC is a micro nonprofit in the Housing & Shelter sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 116% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

TO CREATE,DEVELOP, MAINTAIN OR FINANCE AFFORDABLE HOUSING FOR THE BENEFIT OF VERY LOW INCOME, LOW INCOME AND OTHER PERSONS IN NEED OF ASSISTANCE.

🔒

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 $15,928

Program Service Revenue $0

Investment Income $5,458

Other Revenue $-92,919

TOTAL REVENUE $-71,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,742

Fundraising Expenses $0

Other Expenses $36,054

TOTAL EXPENSES $102,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-71,533	$454,190	-1.2%
Expenses	$102,796	$121,617	-0.2%
Net Income	$-174,329	$332,573	-1.5%

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

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
ROBERT FERRARI	PRESIDENT	N/A	Officer	$0	$0	$0
MAGNOLIA CONTRERAS	VICE PRESIDE	N/A	Officer	$0	$0	$0
JANE KELLY	CLERK/TREASU	N/A	Officer	$0	$0	$0
NICK KOSTAN	DIRECTOR	N/A	Director	$0	$0	$0
PHIL CLIFFORD	DIRECTOR	N/A	Director	$0	$0	$0
COURTNEY SULLIVAN	DIRECTOR	N/A	Director	$0	$0	$0
JOBETH WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
VINCENT CAPANO	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE FLOYD	DIRECTOR	N/A	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	$-71,533	$102,796	$4,218,637	$-174,329
2024	No data	No data	No data	No data
2023	$612,171	$119,369	$4,274,214	$492,802
2022	$103,103	$43,675	$3,818,642	$59,428
2021	$492,987	$169,461	$3,767,439	$323,526
2020	$-188,507	$186,155	$4,969,705	$-374,662
2019	$15,256	$112,437	$5,214,806	$-97,181
2018	$306,815	$12,440	$4,735,266	$294,375

AFFORDABLE HOUSING ASSOCIATES OF LYNN INC