ALLEN A M E 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

1992

Legal Domicile

Principal Officer

Kevin Howard

Phone

7186571863

Tax Period

2024-01-01 to 2024-12-31

ALLEN A M E HOUSING CORP, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $4.1M exceeded revenue, resulting in a 155% operating deficit.

Mission

The Corporation provides affordable housing to economically challenged residence of South Queens New York. The residential rental income is below market value therefore the Corporation uses the commercial spaces in the same buildings to generate rental income to supplement the low income housing rent benefitting each resident occupant. In 2023 the Corporation incorporated an education program STEAM largely benefiting the residence of the buildings.

Program Service Accomplishments

Program 1

Expenses: $3,970,417 Revenue: $1,061,876

The Corporation provides affordable housing to eligible applicants residing in the South Queens neighborhood. Some commercial spaces are rented to businesses to subsidize the below market rents...

The Corporation provides affordable housing to eligible applicants residing in the South Queens neighborhood. Some commercial spaces are rented to businesses to subsidize the below market rents charged to the residence and to repair and maintain the buildings so they remain habitable for the occupants as well as pay other expenses to carry-out the business of the Corporation.

Program 2

Expenses: $0 Revenue: $0

The Corporation established a STEAM program creating an environment where young people can develop an understanding of sustainable entrepreneurial and agricultural practices making the upcoming...

The Corporation established a STEAM program creating an environment where young people can develop an understanding of sustainable entrepreneurial and agricultural practices making the upcoming generation even more eco-actionable. The student possess an understanding of the importance of working through projects to overcome challenges.

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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 $486,143

Program Service Revenue $1,115,661

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,601,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,040

Fundraising Expenses $0

Program Expenses $3,970,417

Other Expenses $3,629,403

TOTAL EXPENSES $4,080,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,601,804	$1,061,876	+0.5%
Expenses	$4,080,443	$1,469,978	+1.8%
Net Income	$-2,478,639	$-408,102	+5.1%

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

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

$177,682

Total Directors

$482,682

Key Employees

$305,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Elain Flake	President	5.00	Officer Director	$0	$0	$177,682
Kevin Howard	Director of finance	40.00	Director Key Emp	$115,000	$0	$115,000
Harold Flake	Director of Operations	40.00	Director Key Emp	$100,000	$0	$100,000
Stefanie Kenchen	Grant Writer	30.00	Director Key Emp	$90,000	$0	$90,000
Evette C Ennis Esq	Board Secretary	3.00	Officer Director	$0	$0	$0
Nadine Morency-Mohs	Board member	2.00	Director	$0	$0	$0
June P Andrews-Henderson	Board member	2.00	Director	$0	$0	$0
Gena L Bolden-Rivera	Board member	2.00	Director	$0	$0	$0
Richard McEachen	Board Chair Person	3.00	Officer 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	$1,601,804	$4,080,443	$6,442,811	$-2,478,639
2024	No data	No data	No data	No data
2023	$1,061,876	$1,469,978	$7,999,120	$-408,102
2023	$1,139,518	$1,512,780	$8,211,562	$-373,262
2022	$1,334,932	$1,436,736	$8,280,359	$-101,804
2021	$1,449,632	$1,416,095	$8,362,507	$33,537
2020	$1,107,678	$1,202,306	$8,270,576	$-94,628
2019	$1,138,561	$1,344,433	$8,433,423	$-205,872
2018	$1,060,360	$1,256,140	$8,638,730	$-195,780