ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO (EIN 133896558) - 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

1997

Legal Domicile

Principal Officer

RICHARD BAUM

Phone

2127657900

Tax Period

2024-07-01 to 2025-06-30

ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE FEDERALLY SUBSIDIZED HOUSING FOR THE ELDERLY.

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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 $0

Program Service Revenue $1,077,120

Investment Income $9,723

Other Revenue $552

TOTAL REVENUE $1,087,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,084

Fundraising Expenses $0

Program Expenses $1,357,847

Other Expenses $1,356,911

TOTAL EXPENSES $1,537,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,087,395	$1,022,449	+0.1%
Expenses	$1,537,995	$1,375,915	+0.1%
Net Income	$-450,600	$-353,466	+0.3%

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

N/A

Volunteers

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

$1,274,202

Total Directors

$1,664,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANYA HOERBURGER	VICE PRESIDENT	1.00	Officer Director	$0	$32,589	$283,068
BENJAMIN WEISS	TRUSTEE	1.00	Director	$0	$19,548	$154,950
JILL OLONOFF	TRUSTEE	1.00	Director	$0	$57,336	$235,174
MARK ENSELMAN	SECRETARY/CFO	2.10	Officer Director	$0	$8,514	$244,587
MOLLY MURPHY	ASSISTANT SECRETARY	1.00	Officer Director	$0	$2,000	$261,472
RICHARD BAUM	PRESIDENT	1.00	Officer Director	$0	$13,344	$485,075
SAMUEL ROSENBLATT	TREASURER	1.10	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
2025	$1,087,395	$1,537,995	$1,802,309	$-450,600
2024	$1,022,449	$1,375,915	$1,992,584	$-353,466
2023	$1,036,351	$1,454,038	$2,311,432	$-417,687
2022	$995,860	$1,261,679	$2,657,429	$-265,819
2021	$924,674	$1,235,605	$2,875,407	$-310,931
2020	$927,700	$1,222,830	$3,172,498	$-295,130
2019	$907,277	$1,100,103	$3,386,965	$-192,826
2018	$1,310,163	$1,065,214	$3,646,317	$244,949

ALLIANCE APARTMENTS HOUSING DEVELOPMENT FUND CO