NATIONAL AFFORDABLE HOUSING FOUNDA… - 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

1992

Legal Domicile

Principal Officer

WILLIAM S CASPER

Phone

7815474280

Tax Period

2024-01-01 to 2024-12-31

NATIONAL AFFORDABLE HOUSING FOUNDATION SCHENECTADY INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.3M left a modest 8% surplus.

Mission

TO FOSTER AND ENGAGE IN THE DEVELOPMENT OF LOW/MODERATE INCOME HOUSING, AND TO PROVIDE EDUCATION REGARDING AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $4,040,808 Revenue: $4,382,129

TO DEVELOP AND MAKE AVAILABLE, FOR RENTAL PURPOSES, 292 UNITS OF LOW AND MODERATE INCOME HOUSING OPERATED UNDER EXISTING U.S. HUD GUIDELINES

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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 $10,553

Program Service Revenue $4,032,581

Investment Income $252,204

Other Revenue $349,548

TOTAL REVENUE $4,644,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,040,808

Other Expenses $4,267,880

TOTAL EXPENSES $4,267,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,644,886	$4,960,094	-0.1%
Expenses	$4,267,880	$3,940,116	+0.1%
Net Income	$377,006	$1,019,978	-0.6%

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
ELISE DEWINTER ECKLEKAMP	DIRECTOR	2.00	Director	$0	$0	$0
MARC A COHEN	TREASURER	2.00	Officer Director	$0	$0	$0
MONROE MOSELEY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM S CASPER	PRESIDENT	2.00	Officer 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
2024	$4,644,886	$4,267,880	$11,159,772	$377,006
2023	$4,960,094	$3,940,116	$11,266,257	$1,019,978
2022	$3,820,288	$4,129,779	$10,592,488	$-309,491
2021	$3,782,521	$14,005,770	$11,290,760	$-10,223,249
2020	$3,755,900	$4,662,610	$11,172,920	$-906,710
2019	$3,711,311	$3,030,742	$12,306,720	$680,569
2018	$3,631,040	$4,149,231	$11,912,995	$-518,191

NATIONAL AFFORDABLE HOUSING FOUNDATION SCHENECTADY INC