HOMEOWNERSHIP AFFORDABILITY TRUST FUND (EIN 222963595) - 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

1988

Legal Domicile

Principal Officer

KARA LACHAPELLE

Phone

4014571234

Tax Period

2024-07-01 to 2025-06-30

HOMEOWNERSHIP AFFORDABILITY TRUST FUND, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $5.6M in total revenue in fiscal year 2024. The organization ran a surplus of $7.7M, a strong 139% operating margin.

Mission

PRESERVATION OF AFFORDABLE HOUSING IN THE STATE OF RHODE ISLAND

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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 $1,931,644

Investment Income $3,619,357

Other Revenue $0

TOTAL REVENUE $5,551,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-2,154,594

Other Expenses $-2,154,594

TOTAL EXPENSES $-2,154,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,551,001	$5,807,699	0.0%
Expenses	$-2,154,594	$5,515,407	-1.4%
Net Income	$7,705,595	$292,292	+25.4%

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

$486,898

Total Directors

$486,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH GODDARD	CHAIRWOMAN	0.25	Officer Director	$0	$0	$0
CAROL VENTURA	EXECUTIVE DIRECTOR	0.25	Officer Director	$0	$43,920	$264,157
KARA LACHAPELLE	CFO	0.25	Officer Director	$0	$29,573	$222,741

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	$5,551,001	$-2,154,594	$121,201,871	$7,705,595
2024	$5,807,699	$5,515,407	$113,830,936	$292,292
2023	$6,426,249	$3,678,162	$113,861,875	$2,748,087
2022	$1,978,717	$2,882,370	$111,238,696	$-903,653
2021	$7,364,194	$183,623	$112,358,508	$7,180,571

HOMEOWNERSHIP AFFORDABILITY TRUST FUND