CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AFFORDABLE HOUSING NETWORK INC is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $5.4M exceeded revenue, resulting in a 27% operating deficit.
TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES IN NEED.
AFFORDABLE HOUSING RENTALS: AHNI OWNS 399 AFFORDABLE HOUSING RENTAL UNITS AND MANAGES 18 AFFORDABLE HOUSING RENTAL UNITS, FOR A TOTAL OF 417 RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND...
AFFORDABLE HOUSING RENTALS: AHNI OWNS 399 AFFORDABLE HOUSING RENTAL UNITS AND MANAGES 18 AFFORDABLE HOUSING RENTAL UNITS, FOR A TOTAL OF 417 RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW TO VERY LOW INCOME. INCOME BETWEEN 50% AND 80% OF AREA MEDIAN INCOME (AMI) IS "LOW INCOME- AND INCOME BETWEEN 30% AND 50% OF AMI IS "VERY LOW INCOME". AHNI PROVIDES THE FOLLOWING SERVICES TO INSURE A STABLE AND CLEAN LIVING ENVIRONMENT: RENTAL AGENT SERVICES AND FACILITY MAINTENANCE.
NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY AND...
NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY AND RETURN A NEIGHBORHOOD BACK TO THE MAJESTIC AND STABLE PLACE IT ONCE WAS. AHNI HAS REHABBED & SOLD 52 HOMES AND CURRENTLY HAS 58 RENTAL UNITS IN THE WELLINGTON HEIGHTS NEIGHBORHOOD AND ARE CURRENTLY RENTING PROPERTIES AND BUILDING AS FUNDING AND BUYERS PERMIT. PROPERTIES PREVIOUSLY REHABILITATED ARE OFFERED TO THE COMMUNITY AS IMPROVED RENTALS, AND HOMES FOR SALE WITH THE ULTIMATE GOAL OF GUIDING CHILDREN AND FAMILIES TO SUCCESSFUL OUTCOMES AND STRENGTHENING THE COMMUNITY. IN ADDITION, AHNI OPERATES AN AFFORDABLE HOUSING REVITATLIZATION PROJECT IN DUBUQUE. THIS IS DONE IN CONJUNCTION WITH THE CITY OF DUBUQUE AND THEIR MULTI-YEAR PLAN TO INCREASE HOME OWNERSHIP AND CREATE A STABLE, RESPECTFUL RENTAL ENVIRONMENT. AHNI HAS PURCHASED AND REHABBED 4 PROPERTIES AND SOLD THEM AS AFFORDABLE HOMES IN THE LAST YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,209,544 | $6,511,227 | -0.4% |
| Expenses | $5,355,342 | $5,203,226 | +0.0% |
| Net Income | $-1,145,798 | $1,308,001 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARY BETH O'NEILL | PRESIDENT/CE | 5.00 |
Officer
|
$0 | $8,974 | $271,437 |
| STEVE SCHURING | CFO | 5.00 |
Officer
|
$0 | $7,407 | $172,027 |
| JODI BAKER | CONTROLLER | 5.00 |
Officer
|
$0 | $9,089 | $145,420 |
| DANIELLE ROCCA | ADIMIN OFFIC | 5.00 |
Officer
|
$0 | $4,088 | $140,885 |
| JENNIFER ROYER | VP OF OPERAT | 5.00 |
Officer
|
$0 | $4,235 | $139,466 |
| RENEE HAWKIN | PROGRAM OFFI | 5.00 |
Officer
|
$0 | $2,769 | $135,303 |
| MIKE MITCHELL | PROGRAM OFFI | 5.00 |
Officer
|
$0 | $9,813 | $126,287 |
| KARY RAY | FACILITIES D | 5.00 |
Officer
|
$0 | $3,625 | $122,107 |
| RUSS SVENDSEN | IT DIRECTOR | 5.00 |
Officer
|
$0 | $2,925 | $116,349 |
| RONDA WELPER | HR DIRECTOR | 5.00 |
Officer
|
$0 | $3,340 | $107,249 |
| DANIELLE RODRIGUEZ | PROGRAM DIRE | 50.00 |
Officer
|
$46,741 | $5,086 | $51,827 |
| ANNE GRUENWALD RESIGNED | FORMER PRESI | 0.00 |
Officer
|
$0 | $0 | $51,460 |
| RICHARD ALLEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LYDIA BROWN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM CHOATE | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY HILL DAVIS | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| EMILY FLOWERGARDEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KARL HOFFMAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JERRY HUNT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TRAVIS KOLDER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HUNTER SKOGMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,209,544 | $5,355,342 | $21,028,359 | $-1,145,798 |
| 2024 | $6,511,227 | $5,203,226 | $20,832,758 | $1,308,001 |
| 2023 | $8,670,979 | $5,226,063 | $18,568,829 | $3,444,916 |
| 2022 | $5,702,234 | $6,854,214 | $25,730,785 | $-1,151,980 |
| 2021 | $6,176,201 | $6,682,731 | $24,616,178 | $-506,530 |
| 2020 | $6,193,922 | $5,769,455 | $24,535,248 | $424,467 |
| 2019 | $5,439,045 | $5,430,840 | $24,110,579 | $8,205 |
| 2018 | $5,414,419 | $5,110,812 | $24,908,633 | $303,607 |
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