STAMFORD AFFORDABLE HOMES INC (EIN 061602448) - 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

2001

Legal Domicile

Principal Officer

WILLIAM J HEALY II

Phone

2039980889

Tax Period

2022-07-01 to 2023-06-30

STAMFORD AFFORDABLE HOMES INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $163K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $231K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO DEVELOP AND MANAGE AFFORDABLE HOUSING FOR BOTH HOMEOWNERS AND/OR RENTERS WITH LOW INCOMES AS DEFINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $0

Program Service Revenue $163,326

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,326

Expense Breakdown

Grants Paid $198,498

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,802

Other Expenses $32,074

TOTAL EXPENSES $230,572

Year-over-Year Comparison

	2022	2021	Change
Revenue	$163,326	$172,726	-0.1%
Expenses	$230,572	$334,408	-0.3%
Net Income	$-67,246	$-161,682	-0.6%

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

$257,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL SWAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN C GEORGE	TREASURER	1.00	Officer Director	$0	$0	$0
PETER HELMES	SECRETARY	1.00	Director	$0	$0	$0
WILLIAM J HEALY II	PRESIDENT	1.00	Officer	$0	$43,029	$257,316

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$163,326	$230,572	$3,459,738	$-67,246
2022	$172,726	$334,408	$3,519,471	$-161,682
2021	$175,635	$170,314	$3,687,434	$5,321
2020	$168,526	$272,238	$3,678,884	$-103,712
2019	$177,429	$189,720	$3,778,697	$-12,291
2018	$184,697	$347,210	$3,789,261	$-162,513

STAMFORD AFFORDABLE HOMES INC