FOX LAKE AHF INC FKA FARH-FOX LAKE AFFORDABLE HOUSING I

EIN: 202562976 501(c)(3)

NEWARK, NJ

Total Revenue
$5,986,974
Total Expenses
$8,486,589
Total Assets
$17,499,126
Net Assets
$-17,653,112
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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
2005
Legal Domicile
DE
Principal Officer
ORON ZARUM
Phone
7189254111
Tax Period
2020-01-01 to 2020-12-31

FOX LAKE AHF INC FKA FARH-FOX LAKE AFFORDABLE HOUSING I, founded in 2005, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2020. Expenses of $8.5M exceeded revenue, resulting in a 42% operating deficit.

Mission

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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,986,972
Investment Income $2
Other Revenue $0
TOTAL REVENUE $5,986,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,122,553
Fundraising Expenses $0
Program Expenses $8,486,589
Other Expenses $7,364,036
TOTAL EXPENSES $8,486,589

Year-over-Year Comparison

2020 2019 Change
Revenue $5,986,974 $5,729,966 +0.0%
Expenses $8,486,589 $7,695,498 +0.1%
Net Income $-2,499,615 $-1,965,532 +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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORON ZARUM PRESIDENT &DIRECTOR 5.00
Officer Director
$0 $0 $0
THOMAS KERN TREASURER,SECRETARY &DIREC 5.00
Officer Director
$0 $0 $0
TRACY HUGHEY DIRECTOR 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
2020 $5,986,974 $8,486,589 $17,499,126 $-2,499,615
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