Affordable Housing Education & Dev… - 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

1991

Legal Domicile

Principal Officer

Susan Retz

Phone

6034441377

Tax Period

2024-01-01 to 2024-12-31

Affordable Housing Education & Development Inc, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 27% operating margin.

Mission

The primary purpose of Affordable Housing, Education and Development (AHEAD) Inc. (the "Corporation") is to provide opportunities for decent, safe, sanitary, affordable housing to the region's lower income people through comprehensive, cooperative programs which use community resources and emphasize education, personal initiative, democratic values, and economic empowerment. To provide opportunities to strengthen the standard of living for all community residents through retention, expansion, attraction of jobs, outreach programs and business development projects. The Corporation will be a membership-based entity.

Program Service Accomplishments

Program 1

Expenses: $2,176,462 Revenue: $2,997,694

Property Management - AHEAD owns and manages a portfolio of low/moderate income rental properties in nine Northern New Hampshire communities and two Northern Vermont communities.

Program 2

Expenses: $140,694 Revenue: $5,000

Housing Development - AHEAD acquires and rehabilitates primarily substandard rental housing into quality affordable housing, and also constructs new affordable rental housing. AHEAD intends to keep thishousing available and affordable to households at or below 80% of median income for a minimum of 20 years.

Program 3

Expenses: $781,682

Homeowner and Foreclosure Counseling - AHEAD provides education and counseling services to prepare individuals for homeownership and/or financial stability.

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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 $1,944,910

Program Service Revenue $3,002,694

Investment Income $76,583

Other Revenue $-11,645

TOTAL REVENUE $5,012,542

Expense Breakdown

Grants Paid $226,354

Salaries & Benefits $2,481,499

Fundraising Expenses $18,888

Program Expenses $3,098,838

Other Expenses $939,826

TOTAL EXPENSES $3,647,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,012,542	$3,587,492	+0.4%
Expenses	$3,647,679	$3,266,369	+0.1%
Net Income	$1,364,863	$321,123	+3.3%

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

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

$113,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Retz	President	0.50	Officer Director	$0	$0	$0
Mark Hesler	Vice President	0.50	Officer Director	$0	$0	$0
Martha McLeod	Interim Treasurer	0.50	Officer Director	$0	$0	$0
Fran Day	Secretary	0.50	Officer Director	$0	$0	$0
Erik Becker	Director	0.50	Director	$0	$0	$0
Angela Cleveland	Director	0.50	Director	$0	$0	$0
Ann Dow	Director	0.50	Director	$0	$0	$0
Bridget Freudenberger	Director	0.50	Director	$0	$0	$0
Adam Hammill	Director	0.50	Director	$0	$0	$0
Jonathan Verge	Director	0.50	Director	$0	$0	$0
Jordan Applewhite	Past Director	0.50	Director	$0	$0	$0
Mark MacDonald	Past Director	0.50	Director	$0	$0	$0
Autumn Shultz	Past Director	0.50	Director	$0	$0	$0
Kaela Tavares	Past Director	0.50	Director	$0	$0	$0
Benjamin Tilton	Past Director	0.50	Director	$0	$0	$0
Harrison Kanzler	Executive Director	20.00	Officer	$113,884	$0	$113,884

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	$5,012,542	$3,647,679	$11,621,788	$1,364,863
2023	$3,587,492	$3,266,369	$10,668,210	$321,123
2022	$2,795,539	$2,851,661	$10,271,285	$-56,122
2021	$3,412,328	$3,233,656	$10,124,613	$178,672
2020	$3,045,198	$2,725,473	$9,970,385	$319,725
2019	$2,222,705	$2,445,722	$8,628,140	$-223,017
2018	$4,065,511	$4,219,215	$8,072,948	$-153,704

Affordable Housing Education & Development Inc