MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE INC (EIN 223042637) - 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

1989

Legal Domicile

Principal Officer

SYMONE CRAWFORD

Phone

6178229100

Tax Period

2024-04-01 to 2025-03-31

MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE, INC. (MAHA) BREAKS DOWN BARRIERS FACING FIRST-TIME AND FIRST-GENERATION HOME BUYERS AND OWNERS THROUGH EDUCATION, COUNSELING, ADVOCACY, AND GRASSROOTS ORGANIZING.

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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 $6,339,381

Program Service Revenue $129,879

Investment Income $204,113

Other Revenue $19,903

TOTAL REVENUE $6,693,276

Expense Breakdown

Grants Paid $3,472,018

Salaries & Benefits $1,492,874

Fundraising Expenses $99,460

Program Expenses $5,138,444

Other Expenses $667,385

TOTAL EXPENSES $5,632,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,693,276	$3,105,497	+1.2%
Expenses	$5,632,277	$2,712,028	+1.1%
Net Income	$1,060,999	$393,469	+1.7%

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

Volunteers

204

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

$160,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY CARVALHO	PRESIDENT	1.00	Officer Director	$0	$0	$0
THADINE BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ACIA ADAMS-HEATH	TREASURER/ AUDIT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
LUCILLE ANDREW MARIUS	CLERK	1.00	Officer Director	$0	$0	$0
JIM CAMPEN	MEMBER	1.00	Director	$0	$0	$0
GRADY EASON	MEMBER	1.00	Director	$0	$0	$0
ED FRECHETTE	MEMBER	1.00	Director	$0	$0	$0
CARLOS VARGAS	MEMBER	1.00	Director	$0	$0	$0
LATANYA RAMSEY	MEMBER	1.00	Director	$0	$0	$0
SONIA ALLON-SINGH	MEMBER	1.00	Director	$0	$0	$0
KENZIE BOK	MEMBER	1.00	Director	$0	$0	$0
SHANNON O'MALLEY	MEMBER	1.00	Director	$0	$0	$0
ESTHER DUPIE	MEMBER (UNTIL 12/2024)	1.00	Director	$0	$0	$0
SYMONE CRAWFORD	EXECUTIVE DIRECTOR	40.00	Officer	$158,292	$2,090	$160,382
HILLARY FRANK-PIZER	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Highest	$104,678	$0	$104,678

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	$6,693,276	$5,632,277	$9,177,995	$1,060,999
2024	$3,105,497	$2,712,028	$10,380,764	$393,469
2023	$3,608,110	$1,974,885	$7,079,806	$1,633,225
2022	$2,769,557	$1,562,124	$5,501,691	$1,207,433
2021	$1,338,949	$1,336,310	$4,365,689	$2,639
2020	$994,533	$1,264,401	$4,383,607	$-269,868
2019	$1,492,505	$1,093,845	$4,718,313	$398,660

MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE INC