AFFORDABLE HOUSING ASSOCIATES OF LYNN INC (EIN 043331491) - 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

Principal Officer

ROBERT FERRARI

Phone

7815818603

Tax Period

2022-07-01 to 2023-06-30

AFFORDABLE HOUSING ASSOCIATES OF LYNN INC is a small nonprofit in the Housing & Shelter sector that reported $612K in total revenue in fiscal year 2022. Revenue surged 494% from the prior year, signaling strong growth momentum. The organization ran a surplus of $493K, a strong 81% operating margin.

Mission

PROVIDE AFFORDABLE 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 (2022)

Revenue Breakdown

Contributions & Grants $803,359

Program Service Revenue $0

Investment Income $7,209

Other Revenue $-198,397

TOTAL REVENUE $612,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,366

Fundraising Expenses $0

Other Expenses $29,003

TOTAL EXPENSES $119,369

Year-over-Year Comparison

	2022	2021	Change
Revenue	$612,171	$103,103	+4.9%
Expenses	$119,369	$43,675	+1.7%
Net Income	$492,802	$59,428	+7.3%

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

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

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	$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