ALLEN A M E HOUSING CORP

EIN: 112600290 501(c)(3) Community Improvement

Jamaica, NY

Total Revenue
$1,601,804
Total Expenses
$4,080,443
Total Assets
$6,442,811
Net Assets
$1,707,346
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
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 the underserved economically challenged individuals of the South Jamaica Community of Queens New York. The Organization also works with local development projects to bring affordable housing to the area.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
5
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
3
$177,682
Total Directors
9
$482,682
Key Employees
3
$305,000
Highest Compensated
0
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 $1,139,518 $1,512,780 $8,211,562 $-373,262
2023 $1,061,876 $1,469,978 $7,999,120 $-408,102
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
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ALLEN A M E HOUSING CORP with other nonprofits in New York and across the country.