LOWER MERION AFFORDABLE HOUSING CO… - 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

1997

Legal Domicile

Principal Officer

SCOTT KALNER

Phone

2156880432

Tax Period

2024-07-01 to 2025-06-30

LOWER MERION AFFORDABLE HOUSING CORPORATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO USE, TO THE EXTENT AVAILABLE, BOTH PUBLIC AND PRIVATE RESOURCES TO IDENTIFY, DEVELOP AND REALIZE HOUSING PROJECTS IN LOWER MERION TOWNSHIP THAT SERVE THE NEEDS OF LOW AND MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $17,379

LOW TO MODERATE INCOME HOUSING OPPORTUNITIES - THE ORGANIZATION (LMAH)RECEIVES EXPENSE REIMBURSEMENTS AND ADVANCES FROM LOWER MERION TOWNSHIP FUNDED BY COMMUNITY DEVELOP. BLOCK GRANTS FOR...

LOW TO MODERATE INCOME HOUSING OPPORTUNITIES - THE ORGANIZATION (LMAH)RECEIVES EXPENSE REIMBURSEMENTS AND ADVANCES FROM LOWER MERION TOWNSHIP FUNDED BY COMMUNITY DEVELOP. BLOCK GRANTS FOR CAPACITY-BUILDING SERVICES. THESE FUNDS ENABLE LMAH TO PROVIDE ADMINISTRATIVE MANAGEMENT SERVICES INCLUDING IDENTIFYING NEW PROJECTS, PROJECT FEASIBILITY STUDIES AND PROJECT FUND PACKAGING, AS WELL AS PURCHASE OF PROJECT PROPERTIES. ADD'L RESPONSIBILITIES INCLUDE PROPERTY MAINT. DURING CONSTRUCTION, PRE- SALE MARKETING AND PRE-SCREENING OF PROSPECTIVE BUYERS. THE BOARD MEETS REGULARLY AND MEMBERS ATTEND TOWNSHIP MEETINGS RELATING TO COMMUNITY DEVELOPMENT.

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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 $10,967

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,379

Other Expenses $21,798

TOTAL EXPENSES $21,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,967	$17,163	-0.4%
Expenses	$21,798	$14,182	+0.5%
Net Income	$-10,831	$2,981	-4.6%

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

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
SCOTT KALNER	PRESIDENT	4.00	Officer Director	$0	$0	$0
KAREN W RAMSEY	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
ALISA MCCANN	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS H PATTERSON	ASST. TREASU	1.00	Officer Director	$0	$0	$0
DANIELLE MITCHELL	TREASURER	N/A	Officer Director	$0	$0	$0
KATHY BABCOCK	MEMBER	N/A	Director	$0	$0	$0
MAXINE GOLDBERG	MEMBER	N/A	Director	$0	$0	$0
KATH KURTZ	MEMBER	N/A	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	$10,967	$21,798	$1,103,438	$-10,831
2024	No data	No data	No data	No data
2023	$11,761	$9,583	$924,550	$2,178
2022	$23,674	$18,737	$733,657	$4,937
2021	$9,349	$14,943	$307,454	$-5,594
2020	$17,038	$11,214	$187,432	$5,824
2019	$21,966	$24,807	$188,292	$-2,841

LOWER MERION AFFORDABLE HOUSING CORPORATION