Alloway Housing Development Fund C… - 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

Ruperto Montero

Phone

5855466340

Tax Period

2024-01-01 to 2024-12-31

Alloway Housing Development Fund Corporation, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $239K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $300K exceeded revenue, resulting in a 25% operating deficit.

Mission

A non-profit housing project serving elderly persons of low income which includes housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

Program Service Accomplishments

Program 1

Expenses: $249,098 Revenue: $238,960

Housing for the Elderly - the organization constructed a development of 23 units of housing for low-income elderly persons 62 years of age or older. The project was completed and has been operating successfully since 2007. The program's goal is to relieve the poor and distressed by enabling them to secure the basic human needs of decent shelter and promote the social welfare.

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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 $0

Program Service Revenue $236,896

Investment Income $106

Other Revenue $2,064

TOTAL REVENUE $239,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,098

Other Expenses $299,960

TOTAL EXPENSES $299,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,066	$168,794	+0.4%
Expenses	$299,960	$274,380	+0.1%
Net Income	$-60,894	$-105,586	-0.4%

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

$1,144,322

Total Directors

$928,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexander Castro	Director and Vice President	0.10	Officer Director	$0	$18,045	$301,759
Michael Laughlin	Director	0.10	Director	$0	$2,365	$64,498
Susan Boss	Director	0.10	Director	$0	$24,391	$209,726
Kathryn Bryan	Director and Vice President	0.10	Officer Director	$0	$18,251	$195,708
Jean Lowe	Director	0.10	Director	$0	$0	$0
Jason Sackett	Director and President	0.10	Officer Director	$0	$3,026	$156,738
Dirk Schneider	Director	0.10	Director	$0	$0	$0
Leslie W Kernan Jr	Secretary	0.10	Officer	$0	$7,153	$228,896
Ruperto Montero	Treasurer & Vice President	0.10	Officer	$0	$17,394	$261,221

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	$239,066	$299,960	$1,613,914	$-60,894
2023	$168,794	$274,380	$1,686,734	$-105,586
2022	$171,423	$259,349	$1,730,938	$-87,926
2021	$166,733	$213,321	$1,793,332	$-46,588
2020	$163,703	$229,521	$1,848,950	$-65,818
2019	$152,371	$217,466	$1,895,904	$-65,095
2018	$147,192	$209,133	$1,943,777	$-61,941

Alloway Housing Development Fund Corporation