THC AFFORDABLE HOUSING INC (EIN 203149168) - 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

2005

Legal Domicile

Principal Officer

PHILIP HECHT

Phone

2022915535

Tax Period

2023-01-01 to 2023-12-31

THC AFFORDABLE HOUSING INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $764K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $576K, a strong 75% operating margin.

Mission

TO DEVELOP AFFORDABLE HOUSING THROUGH RENOVATION, NEW CONSTRUCTION, OR PRESERVATION TO MEET THE HOUSING NEEDS OF VERY LOW, LOW-AND MODERATE-INCOME INDIVIDUALS AND FAMILIES IN THE WASHINGTON, D.C. METROPOLITAN AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $728,207

Investment Income $35,953

Other Revenue $0

TOTAL REVENUE $764,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,010

Fundraising Expenses $0

Program Expenses $171,755

Other Expenses $181,809

TOTAL EXPENSES $187,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$764,160	$378,813	+1.0%
Expenses	$187,819	$235,017	-0.2%
Net Income	$576,341	$143,796	+3.0%

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

$251,542

Total Directors

Key Employees

$595,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS JORDAN	CHAIR	1.00	Officer Director	$0	$0	$0
WAYNE TYLER	TREASURER	1.00	Officer Director	$0	$0	$0
JOE HOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
W KIMBALL GRIFFITH	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
WILLIAM FERRELL	SECRETARY	1.00	Officer Director	$0	$0	$0
WINELL BELFONTE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT LELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MILHAUPT	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP HECHT	PRESIDENT AND CEO	10.00	Officer	$0	$15,604	$251,542
HARIBO KAMARA-TAYLOR	CHIEF OPERATING OFFICER	10.00	Key Emp	$0	$12,141	$219,712
LUIS VASQUEZ	CHIEF PROGRAM OFFICER	10.00	Key Emp	$0	$18,621	$203,343
CHRISTINA PEAY	CHIEF DEVELOPMENT OFFICER	10.00	Key Emp	$0	$10,113	$172,301
COREY MENDEZ	DEPUTY CHIEF OPERATING OFFICER	10.00	Highest	$0	$18,633	$168,548
KIMBERLY DAVIS	DIRECTOR OF HUMAN RESOURCES	10.00	Highest	$0	$9,811	$110,250
DEBORAH JONES	PSH CLINICAL MANAGER	10.00	Highest	$0	$464	$100,733

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	No data	No data	No data	No data
2023	$764,160	$187,819	$6,181,620	$576,341
2022	$378,813	$235,017	$5,822,887	$143,796
2021	$656,952	$258,173	$5,663,900	$398,779
2020	$157,349	$192,574	$5,005,895	$-35,225
2019	$218,393	$251,480	$4,828,166	$-33,087
2018	$740,295	$256,203	$4,814,127	$484,092

THC AFFORDABLE HOUSING INC