STATEWIDE AFFORDABLE HOUSING SMALL PROJECTS INC (EIN 205420992) - 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

2006

Legal Domicile

Principal Officer

JAMES PRESCOTT

Phone

4015952321

Tax Period

2024-01-01 to 2024-12-31

STATEWIDE AFFORDABLE HOUSING SMALL PROJECTS INC, founded in 2006, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. The organization ran a surplus of $42K, a strong 20% operating margin.

Mission

AFFORDABLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $204,674

Investment Income $7,501

Other Revenue $252

TOTAL REVENUE $212,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,840

Other Expenses $169,984

TOTAL EXPENSES $169,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,427	$198,426	+0.1%
Expenses	$169,984	$202,930	-0.2%
Net Income	$42,443	$-4,504	-10.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY DEFAULT	Director	1.00	Director	$0	$0	$0
JAMES PRESCOTT	President	1.00	Officer Director	$0	$0	$0
PAUL DIMEO	Director	1.00	Director	$0	$0	$0
LINDA SILVEIRA	Director	1.00	Director	$0	$0	$0
TERRENCE MARTZIAL	Director	1.00	Director	$0	$0	$0
SUZANNE WORRELL GEMMA	Director	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
2025	No data	No data	No data	No data
2024	$212,427	$169,984	$667,884	$42,443
2023	$198,426	$202,930	$644,851	$-4,504
2022	$205,379	$181,475	$697,099	$23,904
2021	$184,332	$156,800	$728,231	$27,532
2020	$156,506	$155,040	$716,389	$1,466
2019	$154,315	$156,959	$739,786	$-2,644
2018	$140,567	$152,029	$748,551	$-11,462

STATEWIDE AFFORDABLE HOUSING SMALL PROJECTS INC