MORRIS COUNTY AFFORDABLE HOUSING CORPORATION (EIN 223369954) - 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

1995

Legal Domicile

Phone

9735400389

Tax Period

2025-01-01 to 2025-12-31

MORRIS COUNTY AFFORDABLE HOUSING CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $149K in total revenue in fiscal year 2025. Net assets of $1.9M represent 152 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING TO FAMILIES IN THE COUNTY OF MORRIS, NEW JERSEY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $34,931

Other Revenue $114,196

TOTAL REVENUE $149,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,793

Fundraising Expenses $0

Program Expenses $112,540

Other Expenses $140,881

TOTAL EXPENSES $148,674

Year-over-Year Comparison

	2025	2024	Change
Revenue	$149,127	$149,683	0.0%
Expenses	$148,674	$141,424	+0.1%
Net Income	$453	$8,259	-0.9%

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

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

$2,601

Total Directors

$4,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCILLE FAVALE	Director	8.00	Director	$4,515	$0	$4,515
ROBERTA STRATER	Asst. Director	8.00	Officer	$2,601	$0	$2,601
TIM HART	Chairman	0.00	Director	$0	$0	$0
JANET HESS	Vice Chair	0.00	Director	$0	$0	$0
DONNELL WILLIAMS	Trustee	0.00	Director	$0	$0	$0
MARIA TCHINCHINIAN	Trustee	0.00	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
2025	$149,127	$148,674	$2,177,318	$453
2024	No data	No data	No data	No data
2023	$144,501	$137,830	$2,188,627	$6,671
2022	$107,846	$122,432	$2,195,965	$-14,586
2021	$91,206	$119,216	$2,222,658	$-28,010
2020	$243,240	$128,383	$2,264,545	$114,857
2019	$74,509	$126,873	$2,164,545	$-52,364
2018	$83,393	$89,485	$2,217,285	$-6,092

MORRIS COUNTY AFFORDABLE HOUSING CORPORATION