FOX LAKE AHF INC FKA FARH-FOX LAKE… - Form 990 Financial Data

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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

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

TO PROVIDE LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $4,939,336 Revenue: $3,704,247

LAKESIDE POINTE APARTMENTS,LOCATED AT 9000 NORTH COLLEGE AVE INDIANAPOLIS,IN HAS 558MULIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING...

LAKESIDE POINTE APARTMENTS,LOCATED AT 9000 NORTH COLLEGE AVE INDIANAPOLIS,IN HAS 558MULIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE

Program 2

Expenses: $3,547,253 Revenue: $2,282,725

FOX CLUB APARTMENTS ,LOCATED AT 4401 SOUTH KEYSTONE AVE INDIANAPOLIS,IN HAS 336MULIFAMILY UNITS THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

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