AC WARE HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 161569423 501(c)(3) Housing & Shelter

BUFFALO, NY

Total Revenue
$144,201
Total Expenses
$183,191
Total Assets
$885,767
Net Assets
$855,383
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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
1999
Legal Domicile
NY
Principal Officer
GRADY THOMPSON
Phone
7168540636
Tax Period
2023-10-01 to 2024-09-30

AC WARE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $144K in total revenue in fiscal year 2023. Expenses of $183K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $144,123
Investment Income $17
Other Revenue $61
TOTAL REVENUE $144,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,214
Fundraising Expenses $0
Program Expenses $117,384
Other Expenses $131,977
TOTAL EXPENSES $183,191

Year-over-Year Comparison

2023 2022 Change
Revenue $144,201 $141,323 +0.0%
Expenses $183,191 $188,067 0.0%
Net Income $-38,990 $-46,744 -0.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRADY THOMPSON PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA ROBERTS SECRETARY 1.00
Officer Director
$0 $0 $0
EVETTA CANNON BOARD MEMBER 1.00
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 $144,201 $183,191 $885,767 $-38,990
2023 $141,323 $188,067 $922,042 $-46,744
2022 $135,135 $173,388 $963,955 $-38,253
2021 $113,113 $161,830 $996,185 $-48,717
2020 $121,516 $160,161 $1,037,761 $-38,645
2019 $157,052 $171,790 $1,096,531 $-14,738
2018 $117,758 $169,882 $1,096,004 $-52,124
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