THE CALEB FOUNDATION INC INITIATIVES IN AFFORDABLE HOUSING (EIN 223205846) - 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

1992

Legal Domicile

Principal Officer

BRIAN GALLAGHER

Phone

7815954665

Tax Period

2023-01-01 to 2023-12-31

THE CALEB FOUNDATION INC INITIATIVES IN AFFORDABLE HOUSING, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 61% operating margin.

Mission

TO OWN, INVEST IN, AND MANAGE AND DEVELOP QUALITY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $288,675

Program Service Revenue $3,142,430

Investment Income $745,486

Other Revenue $0

TOTAL REVENUE $4,176,591

Expense Breakdown

Grants Paid $13,245

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,611,260

Other Expenses $1,598,015

TOTAL EXPENSES $1,611,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,176,591	$11,235,165	-0.6%
Expenses	$1,611,260	$1,667,205	0.0%
Net Income	$2,565,331	$9,567,960	-0.7%

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

N/A

Volunteers

N/A

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
ROXIE SEVERANCE	CHAIRPERSON	2.00	Director	$0	$0	$0
KATHRYN BURNS	CLERK	2.00	Director	$0	$0	$0
VINCE O'DONNELL	TREASURER	2.00	Director	$0	$0	$0
BESSY KONG	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW D LINCOLN	DIRECTOR	2.00	Director	$0	$0	$0
JONI BOISSONEAULT	DIRECTOR	2.00	Director	$0	$0	$0
GIGI GUYTON-THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY BURBANK	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
ROBERT SNOW	TREASURER EMERITUS	2.00	Director	$0	$0	$0
DEBRA NUTTER	PRESIDENT	2.00	Highest	$0	$0	$176,512
PATRICK BRENNICK	DIRECTOR OF ASSET MANAGEMENT	2.00	Highest	$0	$0	$153,036
MELANIE JOHNSON	DIRECTOR OF PROPERTY MANAGEMENT	2.00	Highest	$0	$0	$124,790
WENDY THOMAS	DIRECTOR OF FINANCE	2.00	Highest	$0	$0	$141,302
SUZANNE DECAVELE	REAL ESTATE DEVELOPMENT MANAGER	2.00	Highest	$0	$0	$125,992

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	No data	No data	No data	No data
2023	$4,176,591	$1,611,260	$34,753,575	$2,565,331
2022	$11,235,165	$1,667,205	$31,326,979	$9,567,960
2021	$2,489,480	$1,227,221	$20,876,525	$1,262,259
2020	$1,904,461	$1,498,775	$16,536,397	$405,686
2019	$2,089,211	$1,250,314	$14,049,416	$838,897
2018	$1,085,803	$1,127,018	$12,673,632	$-41,215

THE CALEB FOUNDATION INC INITIATIVES IN AFFORDABLE HOUSING