ALBANY HOUSING COALITION INC

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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

1982

Legal Domicile

Principal Officer

JAMES BOULDIN

Phone

5184655251

Tax Period

2024-02-01 to 2025-01-31

ALBANY HOUSING COALITION INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $540K, a strong 16% operating margin.

Mission

STABILIZE THE COMMUNITY BY PROVIDING A CONTINUUM OF AFFORDABLE HOUSING AND SUPPORT SERVICES TO HOMELESS VETERANS AND LOW INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,551,319 Revenue: $240,537

ASSIST OCCUPANTS THROUGH HOUSING COUNSELING ACTIVITIES TO UPGRADE AND IMPROVE EXISTING HOUSING CONDITIONS, AID IN THE DEVELOPMENT OF PROJECTS FOR THE ELIMINATION OF SLUMS AND BLIGHTING INFLUENCES...

ASSIST OCCUPANTS THROUGH HOUSING COUNSELING ACTIVITIES TO UPGRADE AND IMPROVE EXISTING HOUSING CONDITIONS, AID IN THE DEVELOPMENT OF PROJECTS FOR THE ELIMINATION OF SLUMS AND BLIGHTING INFLUENCES, AND FOSTER THE IMPROVEMENT OF HOUSING CONDITIONS THEREBY ENCOURAGING RESIDENTIAL CHARACTER.

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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 $3,014,639

Program Service Revenue $240,537

Investment Income $50,927

Other Revenue $0

TOTAL REVENUE $3,306,103

Expense Breakdown

Grants Paid $419,334

Salaries & Benefits $1,788,108

Fundraising Expenses $0

Program Expenses $2,551,319

Other Expenses $559,158

TOTAL EXPENSES $2,766,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,306,103	$3,710,847	-0.1%
Expenses	$2,766,600	$2,528,666	+0.1%
Net Income	$539,503	$1,182,181	-0.5%

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

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

$169,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BOULDIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
LARITA VANBERGEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GAIL PATRICIA PERRY	SECRETARY	3.00	Officer Director	$0	$0	$0
PETER PHELAN	TREASURER	3.00	Officer Director	$0	$0	$0
BERNARD BRYAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LAPORTE	DIRECTOR	2.00	Director	$0	$0	$0
MARY K MOORE	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SOSA	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH P SLUSZKA	EXECUTIVE DIRECTOR	35.00	Officer	$100,770	$0	$100,770
STEPHANIE LANE	EXECUTIVE DIRECTOR	35.00	Officer	$24,528	$0	$24,528
SONDRA YOUNG	EXECUTIVE DIRECTOR	35.00	Officer	$44,388	$0	$44,388

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	$3,306,103	$2,766,600	$4,689,519	$539,503
2024	$3,710,847	$2,528,666	$4,023,113	$1,182,181
2023	$2,363,609	$2,326,345	$2,760,407	$37,264
2022	$2,152,199	$2,083,750	$2,796,300	$68,449
2021	$2,233,034	$2,155,075	$2,769,854	$77,959
2020	$1,994,360	$1,899,479	$2,684,726	$94,881
2019	$1,770,908	$1,732,560	$2,560,953	$38,348