VALLEY AFFORDABLE HOUSING CORP

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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

1995

Legal Domicile

Principal Officer

JEFFREY SWANSON

Phone

4013342802

Tax Period

2024-04-01 to 2025-03-31

VALLEY AFFORDABLE HOUSING CORP, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 37% operating margin.

Mission

PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF RHODE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $2,695,527 Revenue: $2,890,390

PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF...

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,892,922

Program Service Revenue $2,946,416

Investment Income $-26,531

Other Revenue $3,388

TOTAL REVENUE $4,816,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,679,753

Fundraising Expenses $0

Program Expenses $2,695,527

Other Expenses $1,362,179

TOTAL EXPENSES $3,041,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,816,195	$3,914,814	+0.2%
Expenses	$3,041,932	$3,289,569	-0.1%
Net Income	$1,774,263	$625,245	+1.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL GAGNE	PRESIDENT	1.00	Director	$0	$0	$0
LISA AUDUETTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD MULHOLLAND	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
PAUL DUMOUCHEL	DIRECTOR	0.50	Director	$0	$0	$0
MARYBETH BOIVIN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE GIFFORD	DIRECTOR	0.50	Director	$0	$0	$0
DENISE SHAVERS	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY SWANSON	SECRETARY	40.00	Officer	$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	$4,816,195	$3,041,932	$9,628,359	$1,774,263
2024	$3,914,814	$3,289,568	$7,787,645	$625,246
2023	$3,083,605	$2,840,166	$7,483,906	$243,439
2022	$2,973,827	$2,485,657	$7,315,317	$488,170
2020	$2,315,264	$2,337,720	$5,098,169	$-22,456
2019	$2,318,902	$2,129,417	$4,555,181	$189,485
2018	$2,056,852	$2,093,811	$4,679,984	$-36,959